EchoStar Q4 Revenue Tops $3.796B, OIBDA Hits $583.7M
EchoStar reported an adjusted fourth-quarter loss of $0.70 per share, beating estimates, and delivered revenue of $3.796 billion versus forecasts of $3.762 billion. OIBDA reached $583.7 million, cash totaled $2.98 billion, and net subscribers declined by 9,000 wireless, 168,000 pay-TV and 44,000 broadband.
1. Fourth-Quarter Financial Highlights
EchoStar posted an adjusted loss of $0.70 per share for Q4, beating the consensus loss estimate of $0.73. Revenue of $3.796 billion narrowly surpassed the $3.762 billion forecast, though it declined from $3.967 billion a year earlier.
2. Segment Performance and OIBDA
The company’s OIBDA increased to $583.68 million from $397.14 million in the prior period. Revenue by segment included $957.63 million from Wireless, $2.36 billion from Pay-TV (DISH TV and Sling TV), and $399.79 million from Broadband and Satellite Services.
3. Subscriber Trends and Liquidity Position
Wireless subscribers fell by 9,000 to 7.51 million, pay-TV users dropped 168,000 to 7.00 million (5.02 million DISH TV, 1.98 million Sling TV), and broadband customers decreased by 44,000 to 739,000. The balance sheet held $2.98 billion in cash, cash equivalents and restricted cash at quarter end.