NASDAQ$SATS

EchoStar Corporation · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

EchoStar reported a revenue decline, continued subscriber losses in Pay-TV and broadband, but showed improvement in wireless subscriber growth.

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.

Headline financials

Total Revenue

$3.97B

Previous: $15.7B-74.7%
EPS (adj)

$1.22

Previous: $1.21+0.8%
Capital Expenditures

-$344M

Previous: -$2.89B+88.1%
Free Cash Flow

-$299M

Previous: -$762M+60.8%
Net Income

$335M

Previous: -$1.75B+119.2%
Operating Income

-$62.7M

Previous: $275M-122.8%
Gross Profit

$519M

Previous: $3.03B-82.9%
Cash & Equivalents

$4.31B

Previous: $2.44B+76.1%
Total Assets

$60.9B

Previous: $57.1B+6.7%
R&D Expense

$17M

Previous: $88.4M-80.8%

Revenue & EPS history

EchoStar · Revenue · Quarterly

$3.97B

Q4 2024-74.7%vs Q4 2023
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Revenue by segment

EchoStar · $3.97B total across 4 segments · Q4 2024

  • Pay-TV
    $2.67B-5.3%
  • Wireless
    $901M
  • Broadband & Satellite Services
    $412M-8.3%
  • All Other & Eliminations
    -$13.7M

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.

Tailwinds

  • 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.

Headwinds

  • 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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.3%

Avg return

Earnings day

-1.8%

Avg return

5 days after

+1.1%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+17.6%

Q4 2015

Best reaction

-31.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.7%+8.6%-5.1%
Q4 2025+2.7%-8.0%+4.4%
Q3 2025-2.3%-1.4%+13.4%
Q2 2025-17.3%-17.2%+89.6%
Q1 2025+1.4%-4.4%-26.7%
Q4 2024+4.8%+7.0%-13.9%
Q3 2024-17.6%-12.8%-10.3%
Q2 2024-22.8%-13.4%+11.6%
Q1 2024-10.0%-8.5%+8.4%
Q4 2023-0.1%-1.7%+7.7%
Q3 2023-31.2%-35.4%-26.2%
Q2 2023+0.5%-2.1%-25.4%
Q1 2023-4.9%-3.9%+7.9%
Q4 2022+12.6%+11.3%-0.5%
Q3 2022-9.9%-8.3%-10.0%
Q2 2022-0.1%-0.4%-13.5%
Q1 2022-7.5%-11.5%-1.9%
Q4 2021-6.7%-2.9%+1.6%
Q3 2021+5.7%+16.0%+1.6%
Q2 2021+5.1%+9.5%+19.3%
Q1 2021+13.8%+15.3%+17.2%
Q4 2020+4.8%+2.9%+9.5%
Q3 2020+6.1%+9.4%+2.2%
Q2 2020+3.6%+5.5%-4.9%
Q1 2020+2.0%-6.1%+12.3%
Q4 2019-1.4%-5.5%-24.3%
Q3 2019+3.9%+4.7%+1.2%
Q2 2019-8.7%-5.4%+2.1%
Q1 2019+2.2%+0.1%+9.4%
Q4 2018-9.1%-10.1%-17.8%
Q3 2018-9.8%-5.0%-5.2%
Q2 2018+4.7%+4.5%+3.4%
Q1 2018+2.0%-0.7%-8.5%
Q4 2017-0.2%-2.3%-10.4%
Q3 2017+1.7%+2.8%+9.0%
Q2 2017-5.7%-3.1%-6.5%
Q1 2017-2.9%-1.7%+4.9%
Q4 2016+0.1%-2.1%-0.1%
Q3 2016+4.7%+9.0%+15.9%
Q2 2016-1.1%-4.5%+1.9%
Q1 2016+5.5%
Q4 2015+17.6%
Q3 2015-7.0%
Q2 2015-1.6%
Q1 2015-3.4%
Q4 2014+1.0%
Q3 2014+8.7%
Q2 2014-3.2%
Q1 2014+8.5%
Q4 2013+4.4%
Q3 2013+7.4%
Q2 2013+5.7%
Q1 2013+0.2%
Q4 2012-0.2%
Q3 2012+0.7%
Q2 2012+3.4%
Q1 2012-1.7%
Q2 2011-0.5%
Q4 2011-0.5%
Q3 2011-4.7%
Q1 2010-8.6%
Q1 2011-8.6%
Q4 2010+14.3%
Q4 2008+14.3%
Q2 2010+14.3%
Q3 2009+1.6%
Q3 2010+1.6%
Q4 2009-5.1%
Q2 2009-5.1%

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