EchoStar CORP SEC 10-Q Report

EchoStar Corporation, a leading provider of satellite communication solutions and services, has released its Form 10-Q report for the first quarter of 2025. The report highlights the company's financial performance and operational activities, providing insights into its revenue streams, business segments, and future outlook.

Financial Highlights

Total Revenue: $3,869.8 million, reflecting a decrease from the previous year's $4,014.8 million, primarily due to a decline in Service revenue.

Operating Income (Loss): $(88.1) million, compared to $(15.2) million in the prior year, indicating increased operating expenses.

Net Income (Loss): $(203.3) million, a significant decline from $(108.4) million in the previous year, impacted by higher interest expenses.

Basic Net Income (Loss) Per Share Attributable to EchoStar: $(0.71), compared to $(0.40) in the prior year, reflecting the increased net loss.

Business Highlights

Revenue Segments: EchoStar Corporation operates three primary business segments: Pay-TV, Wireless, and Broadband and Satellite Services. The Pay-TV segment includes DISH TV and SLING TV services, with 7.397 million subscribers in the U.S. as of March 31, 2025. The Wireless segment offers 5G services under the Boost Mobile and Gen Mobile brands, with 7.145 million subscribers. The Broadband and Satellite Services segment provides satellite technologies and services, with 853,000 subscribers.

Sales Units: The Pay-TV segment reported 5.503 million DISH TV subscribers and 1.894 million SLING TV subscribers. The Wireless segment has deployed 5G VoNR covering over 222 million Americans and offers a range of premium wireless devices, including the Apple iPhone 15 and newer models.

New Product Launches: The Wireless segment has introduced 5G VoNR services and a range of premium wireless devices, including the latest Apple and Samsung models, as part of its 5G Network deployment.

New Production Launches: EchoStar is continuing the deployment of its 5G Network, which is the first cloud-native, Open Radio Access Network (O-RAN) based 5G VoNR and broadband network in the U.S.

Future Outlook: EchoStar plans to continue investing in its 5G Network and commercializing its Wireless spectrum licenses. The company has committed to the FCC to deploy a facilities-based 5G broadband network capable of serving larger portions of the U.S. population by different deadlines. EchoStar may need to raise additional capital to fund these efforts and meet build-out requirements.

SEC Filing: EchoStar CORP [ SATS ] - 10-Q - May. 09, 2025