Press release
EchoStar Announces Financial Results for the Three Months Ended March 31, 2025
Wireless: Net subscriber growth (+150K), improved churn (7.2% year-over-year), filed Federal Communication Commission (FCC) certification of more than 24,000
About this update from Echostar Corporation
[{"type":"text","content":"Wireless: Net subscriber growth (+150K), improved churn (7.2% year-over-year), filed Federal Communication Commission (FCC) certification of more than 24,000 5G constructed \"on-air\" sites one month ahead of schedulePay TV: Lowest DISH TV churn (1.36%) in over a decade (excluding the pandemic), growth in average revenue per user (ARPU) (+3% year-over-year)Broadband & Satellite Services: Enhanced in-flight offerings through universal Ka- and Ku-bands, new international contracts for managed network services, expanded enterprise backlog (+5% year-over-year)ENGLEWOOD, Colo., May 9, 2025 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) announced its financial results for the three months ended March 31, 2025.\n\n \n \n \n \n \n \n\n \nThe company continued to build on the solid foundation laid last year as a global leader in connectivity and entertainment solutions and services. The business drove efficiencies across all of its brands and invested in profitable growth. EchoStar's unique set of assets across satellite, wireless, video, managed services and U.S.-based manufacturing led to improvements in many key metrics and reported total revenue of $3.87 billion for the first quarter 2025.\n\"The EchoStar team performed well against our plan in the first quarter,\" said Hamid Akhavan, president and CEO, EchoStar Corporation. \"We are pleased with the progress of our Wireless business and year-over-year net add subscriber growth. In addition, our Pay-TV segment continues to drive improvements in ARPU and churn, and our in-flight connectivity business advances, scaling and driving interest from airlines worldwide.\"\nWireless\nWireless consists predominantly of Boost Mobile and network wireless services, and delivered approximately $973 million in revenue for the first quarter.\nContinued strong performance fueled by +150K subscriber net adds in Q1Attracted and retained high-quality customers, contributing to a 7.2% churn improvement year-over-yearBoost Mobile Network recognized as #1 mobile network in New York City by an independent, third-party industry benchmarking expertMet 3GPP release 17 deployment and completed construction of 24,000 5G sites \"on air\" ahead of June FCC requirement dateMore than 1.25 million customers on Boost Mobile Network, and loading more than 75% of compatible devices on-net in accelerated marketsWire...