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Dec 31, 2024
EchoStar Q4 2024 Earnings Report
EchoStar reported a revenue decline, continued subscriber losses in Pay-TV and broadband, but showed improvement in wireless subscriber growth.
Key Takeaways
EchoStar's Q4 2024 revenue declined to $3.97 billion from $4.16 billion in Q4 2023, primarily due to continued Pay-TV and broadband subscriber losses. The company posted a net income of $335.23 million, a sharp improvement from the previous year's loss. Wireless subscriber growth and lower churn contributed positively, while Pay-TV continued to see subscriber declines.
Total revenue decreased by 4.7% year-over-year to $3.97 billion.
Net income improved to $335.23 million from a loss of $2.03 billion in Q4 2023.
Wireless subscribers increased by 105,000, marking positive momentum.
Pay-TV subscribers declined by 253,000, showing continued weakness.
Revenue by Segment
Forward Guidance
EchoStar expects to continue capitalizing on wireless momentum while addressing Pay-TV declines. The company aims to sustain positive free cash flow and optimize cost structures.
Positive Outlook
- Continued wireless subscriber growth momentum.
- Lower churn rate contributing to stability.
- Expansion of broadband services with EchoStar XXIV.
- Focus on acquiring high-quality subscribers.
- Optimized cost structures to support profitability.
Challenges Ahead
- Continued declines in Pay-TV subscribers.
- Pressure on broadband subscriber retention.
- Overall revenue decline from subscriber losses.
- Macroeconomic uncertainty impacting consumer spending.
- Competitive pressures in the telecommunications sector.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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