EchoStar Q4: $3.97 Billion Revenue, Narrows Pay-TV Subscriber Losses, Focuses On High-Quality Users, Wireless Growth

EchoStar Corp SATS stock is trading up on Thursday after fourth-quarter report.

Quarterly sales of $3.97 billion (down 4.7% year over year), topping the street view of $3.93 billion.

Net Pay-TV subscribers dropped by about 253,000 versus a loss of 314,000 a year ago.

Also Read: Warner Bros. Shuts Down Game Studios, Struggles To Revive DC and Harry Potter Franchise Success

The company ended the quarter with 7.78 million total Pay-TV subscribers, including 5.69 million DISH TV subscribers and 2.09 million Sling TV subscribers, due to the decrease in net DISH TV and net Sling TV subscriber losses due to lower subscriber disconnects in 2024, which resulted from the company’s emphasis on acquiring higher-quality subscribers.

The company ended the third quarter with 883,000 Broadband Satellite subscribers, a loss of about 29,000 compared to 59,000 in the same period last year. This decrease in net Broadband Satellite subscriber losses was primarily due to lower subscriber disconnects from the new EchoStar XXIV (Jupiter 3) satellite service launch.

The company held cash and equivalents worth $5.7 billion and inventory worth $455.2 million as of December 31.

The company’s long-term debt, finance lease, and other obligations, net of the current portion, totaled $25.66 billion.

CEO Hamid Akhavan acknowledged improvements in all of its lines of business and achieved its plan of ending the year by delivering positive free cash flow. He also acknowledged notable developments in the company’s wireless business. Excluding the impact of ACP, efforts resulted in consecutive quarter-over-quarter net positive subscriber growth since the first quarter of 2024.

Price Action: SATS shares are trading higher by 1.34% to $29.40 premarket at last check Thursday.

Also Read:

• Spotify CEO Wants EU To Penalize Apple For Defying Regulations

Photo: Shutterstock