Friday, March 16, 2007

DishNetwork Gains 350K Subscribers In Q4

EchoStar added approximately 350,000 net new subscribers during the fourth quarter, ended December 31,2006. Over the year, EchoStar's DishNetwork added 1.06 million subscribers.

EchoStar said total revenue during the quarter reached $2.58 billion, up 17 % from $2.20 billion from the same period in 2005. Total revenue for the year reached $9.82 billion, up 16.2 % from the $8.45 billion recorded in 2005.

Net income totaled $153 million for the quarter, up from $133 million a year ago. For the year, net income totaled $608 million, compared with $1.51 billion in 2005.