From Financial Modeling Prep: 2025-05-09 12:33:00

EchoStar Corporation (NASDAQ:SATS) reported first-quarter results below expectations, with a net loss of $0.71 per share, wider than the forecasted $0.66 loss. Revenue of $3.87 billion fell short of the $3.88 billion consensus, mainly due to a decline in Pay-TV revenue to $2.54 billion from $2.73 billion.

The drop in revenue was attributed to a continued decline in Pay-TV business, offset by the wireless segment’s addition of 150,000 net subscribers and improved churn rate of 7.2%. Despite some positive momentum in wireless, EchoStar faces challenges in offsetting declines in legacy Pay-TV operations.

Overall, EchoStar’s first-quarter results highlighted the ongoing pressure on traditional TV services, with the company working to navigate the evolving landscape of satellite and wireless services amidst structural changes in the industry.



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