Dish Network gained new pay TV subscribers in the fourth quarter for all its businesses -- as well as posting a net profit reversing its previous fourth quarter loss. All helped push its stock up.
The company added 28,000 subscribers, a positive gain from losing 12,000 in the fourth quarter of 2015. Dish Network, as of the fourth quarter, now has 13.67 million subscribers -- down from 13.90 million.
Dish Network does not break out subscriber gains or losses for each of its pay TV businesses -- traditional satellite TV distribution or its Sling TV, its digital delivered pay TV service. One estimate late in the fourth quarter 2016, from Parks Associates, estimated Sling TV had surpassed the 1 million subscriber mark.
Dish continued to increase the revenue it gets per household -- $88.66 a month during 2016 versus $86.79 in 2015. Consumer pricing for Dish’s Sling TV service starts at $20 a month.
The company’s revenue slipped 2% to $3.72 billion from $3.78 billion. Net income swung to $343.98 million from last year's loss of $118.9 million.
Mid-day trading of its stock was up 1% to $63.40.