EchoStar Q1 2024 Earnings Report

EchoStar EPS Results

• Actual EPS: -$0.40
• Consensus EPS: -$0.17
• Beat/Miss: Missed by -$0.23
• One Year Ago EPS: $0.38

EchoStar Revenue Results

• Actual Revenue: $4.01 billion
• Expected Revenue: $4.07 billion
• Beat/Miss: Missed by -$52.64 million
• YoY Revenue Growth: -8.50%

EchoStar Announcement Details

• Quarter: Q1 2024
• Date: 5/8/2024
• Time: Before Market Opens

EchoStar (NASDAQ:SATS), together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names. The Retail Wireless segment provides prepaid and postpaid wireless services under the Boost Mobile, Boost postpaid, and Gen Mobile brands, as well various wireless devices. The Network Deployment segment deploys a facilities-based 5G broadband network and commercializes deployment of 5G VoNR. The Broadband and Satellite Services offers broadband services to consumer customers, which include home, and small to medium-sized businesses; and satellite and multi-transport technologies, and managed network services to telecommunications providers, aeronautical service providers, civilian and defense government entities, and other enterprise customers. EchoStar Corporation was incorporated in 2007 and is headquartered in Englewood, Colorado.