EchoStar, which operates the US satellite TV DISH network, grew revenues in the fourth quarter by 17% and has grown its customers to just over 13 million.
This comes at a time when the market leader in satellite TV in the US, DirecTV is midway through changing hands from News Corp to Liberty Media, and when it has reduced its costs and said it will focus on profitability, not customer acquisition.
DISH added 350,000 net new subscribers during fourth quarter, an increase of 1.065 million subscribers from a year ago.
The company reported revenue of $2.58 billion for the quarter with net income of $153 million and revenue of $9.82 billion for the year and net income of $608 million.
The Net income figure includes a non-recurring, non-cash benefit of approximately $593 million to recognize the tax benefits of previously reported tax losses and a $134 million gain related to the settlement of EchoStar IV satellite insurance and related claims.