By TALI ARBEL
AP Business Writer
WASHINGTON (AP) _ Dish Network is losing TV customers, even with its new online video service, Sling TV, that’s aimed at millennials who don’t want traditional TV service.
The satellite TV operator said Wednesday that it lost 81,000 TV subscribers overall in the April-June quarter. Sling TV launched in February, and had added 169,000 customers in the first quarter, while satellite TV subscribers dropped by 134,000.
Dish did not break out Sling versus satellite TV customers for the second quarter.
Even so, the Englewood, Colorado, company said that second-quarter profit rose 52 percent, thanks to higher programming package prices and customer pay-per-view orders for a big boxing match. Profit came to $324.4 million, or 70 cents per share. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
Revenue grew 3.9 percent to $3.83 billion, topping Wall Street’s estimate of $3.79 billion.
Shares of Dish Network Corp. added 1.2 percent to $66.17 in late morning trading. Dish shares had decreased 10 percent since the beginning of the year.