Dish Network is reporting a solid 5.7 percent increase in second quarter revenue as it continues to see a boost in satellite television service and a lower number of subscribers leaving the pay TV company.
Dish, the second largest American satellite television operator, hopes the positive report will help continue to see the company open up new networks and add new customers across the U.S.
Adding to their increase in revenue was the overall total amount being spent by subscribers, which has risen four percent to $84.15 through the period ending June 30.
According to Dish, the company saw around 40,000 subscribers leave the company during the quarter, which was down around 35,000 from previous estimates, showing that satellite television is growing and can compete against the traditional providers.
Despite only adding around 36,000 broadband subscribers over the quarter, around 20,000 lower than estimates, the company is seeing the company's net income at $213.3 million, which is a marked improvement from a year earlier when the company saw a net loss of $11 million.
Overall revenue increased from $3.49 billion in 2013 to $3.69 billion. That is good news for a sector that until a few recent deal, was questionable as to whether future success would happen. Dish's commercials, with a kangaroo assisting parents in keeping children occupied, grace television screens across the country, and a number of analysts point to this positive PR as helping the company move forward.
But their biggest competitor, DirecTV is looking forward with a stronger portfolio after it inked a deal with ESPN and the SEC Network to broadcast college football.
According to Tech Times, the agreement will give DirecTV the ability to deliver the SEC Network to around 85 million households, meaning Saturday's football games will have an even larger audience.
The terms of the agreement between ESPN and DirecTV were not revealed.
The SEC Network is a partnership between ESPN and the SEC, which is based in Birmingham, Alabama. The network will be broadcasting college football games in the Southeastern Conference, and will feature the Texas A&M and South Carolina game as its first broadcasted game on Aug. 28.
"With opening day now firmly in sight, we are happy to count DIRECTV, the country's largest satellite provider, among our many distributors for the SEC Network," said Mike Slive, the SEC Commissioner.
That move is pushing competitors like Dish to look for new ways of maintaining its base, which according to the present statistics shows that it can be done.