ENGLEWOOD, Colo., March 2 /PRNewswire-FirstCall/ -- DISH Network Corporation (Nasdaq: DISH) today reported total revenue of $2.92 billion for the quarter ended Dec. 31, 2008, a 1 percent increase compared with $2.89 billion for the corresponding period in 2007.
Net income totaled $217 million for the quarter ended Dec. 31, 2008, compared with $175 million during the corresponding period in 2007. Diluted earnings per share were $0.48 for the quarter ended Dec. 31, 2008, compared with $0.39 during the corresponding period in 2007.
For the year ended Dec. 31, 2008, DISH Network reported total revenue of $11.62 billion compared with $11.09 billion for the year ended Dec. 31, 2007, an increase of 5 percent. DISH Network's net income for the year ended Dec. 31, 2008, totaled $903 million, compared with $756 million for the year ended Dec. 31, 2007. Diluted earnings per share were $1.98 for the year ended Dec. 31, 2008, compared with $1.68 during the corresponding period in 2007.
DISH Network lost approximately 102,000 net subscribers during the quarter ended Dec. 31, 2008, giving the company approximately 13.678 million subscribers at year-end. The number of net subscribers lost for the full year ended Dec. 31, 2008 was also approximately 102,000.
Detailed financial data and other information are available in DISH Network's Form 10-K for the annual period ended Dec. 31, 2008, filed today with the Securities and Exchange Commission.
About DISH Network Corporation
DISH Network Corporation (Nasdaq: DISH) provides approximately 13.678 million satellite TV customers as of Dec. 31, 2008 with the highest quality programming and technology at the best value, including the lowest all-digital price nationwide. Customers have access to hundreds of video and audio channels, the most international channels in the U.S., state-of-the-art interactive TV applications, and award-winning HD and DVR technology including 1080p Video on Demand and the DuoDVR(TM) ViP(R) 722 DVR, a CNET and PC Magazine "Editors' Choice." DISH Network is included in the Nasdaq-100 Index (NDX) and is a Fortune 250 company. Visit www.dishnetwork.com.
DISH Network will host its Fourth Quarter and year-end 2008 financial results conference call today at noon ET. The dial-in number is (800) 616-6729.
