EchoStar Corporation (NASDAQ:SATS) saw its shares trading higher on Friday despite reporting a loss of 71 cents per share, missing the analyst consensus estimate of a 69 cents loss. The company recorded quarterly sales of $3.87 billion, down 3.6% year-over-year, which was in line with the Street view.
DISH’s Pay-TV revenue declined to $2.54 billion, marking a 6.9% decrease compared to the previous year. On the other hand, Wireless revenue increased to $973 million, showing a 6.4% year-over-year growth. Broadband and Satellite Services revenue dropped to $371 million, reflecting a 3.1% decline from the prior year.
EchoStar’s president and CEO, Hamid Akhavan, commented on the company’s performance, stating, “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.”
In the first quarter of 2025, the company’s capex and capitalized interest totaled $378 million, down 44.2% year-over-year. EchoStar exited the quarter with cash and equivalents worth $2.529 billion and inventory worth $413.365 million.
According to Benzinga Pro, SATS stock has gained over 56% in the past year. Investors looking to gain exposure to the stock can consider investing in Procure Space ETF (NASDAQ:UFO) and Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM).
The company had cash and marketable securities worth $5.4 billion, up $4.5 billion year-over-year. As a result, SATS shares were trading higher by 3.44% to $24.67 at last check on Friday.
In conclusion, EchoStar Corporation continues to navigate through challenges and opportunities in the market, with a focus on driving growth and innovation in its various business segments. With a strong financial position and strategic investments, the company remains well-positioned for future success.
For more information on EchoStar Corporation and its latest developments, visit Benzinga.com.
