Dish Network Corp.'s second-quarter net income climbed 30% but the satellite-TV provider said its net number of subscribers declined partly because of a rival's discounts.
To remain competitive, the No. 3 pay-TV company in the U.S. said Tuesday that it will be freezing prices through January 2013.
Dish reported net income of $334.8 million, or 75 cents per share, for the three months that ended June 30. That's up from $257 million, or 57 cents per share, a year earlier.
Revenue rose 13% to $3.59 billion from $3.17 billion, beating Wall Street's estimate of $3.38 billion
Net subscribers fell by about 135,000 to approximately 14.1 million subscribers.
"Our decrease in net subscribers was primarily due to increased competitive pressures, including higher levels of discounting," said President and CEO Joe Clayton in a statement.
Dish Network recently purchased Blockbuster Inc.'s assets out of bankruptcy.
