EchoStar Corporation (NASDAQ:SATS) reported mixed first-quarter earnings on Monday, with revenue slightly ahead of expectations while earnings missed analyst forecasts as the company continued to face pressure from declining subscriber numbers across several business segments.
Shares of the satellite and wireless services provider rose 1.26% in premarket trading following the release.
Revenue Tops Estimates but Losses Remain
For the quarter ended March 31, EchoStar posted a loss of $0.51 per share, wider than analyst expectations for a loss of $0.47 per share.
Quarterly revenue came in at $3.67 billion, narrowly exceeding the consensus estimate of $3.65 billion. However, total revenue declined 5.2% year-over-year from $3.87 billion reported in the first quarter of 2025.
Net loss attributable to EchoStar improved compared with the prior-year period, narrowing to $146.89 million from $202.67 million a year earlier.
Pay-TV Business Continues to Lose Subscribers
EchoStar’s Pay-TV segment generated revenue of $2.29 billion during the quarter, down from $2.54 billion in the same period last year.
The company reported a net loss of approximately 366,000 pay-TV subscribers during the quarter.
At the end of March, the segment had 6.63 million subscribers in total, including 4.84 million DISH TV customers and 1.79 million Sling TV subscribers.
Wireless Growth Offsets Broadband Weakness
The company’s Wireless division added 16,000 retail subscribers during the quarter, bringing the total wireless subscriber base to 7.53 million.
Meanwhile, broadband subscriber numbers declined by 58,000, leaving the segment with 681,000 customers.
Company Skips Earnings Conference Call
EchoStar also announced that it will not hold a conference call to discuss quarterly results.
Instead, the company said all financial disclosures and supporting materials would be made available through its investor relations website.