EchoStar said its consolidated revenue for the year ended December 31, 2024 totaled $15.826 billion, a decrease of $1.190 billion or 7.0% compared to the same period in 2023. The company cited decreases in revenue from its Pay-TV, Broadband and Satellite Services, and Wireless segments as the primary factors.

10-KAnnual reportFiled Feb 27, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

EchoStar said its consolidated revenue for the year ended December 31, 2024 totaled $15.826 billion, a decrease of $1.190 billion or 7.0% compared to the same period in 2023. The company cited decreases in revenue from its Pay-TV, Broadband and Satellite Services, and Wireless segments as the primary factors.
EchoStar said its consolidated operating loss for 2024 totaled $304 million, an increase in operating loss of $26 million compared to the same period in 2023. The company cited an increase in operating loss from its Wireless segment and a decrease in operating income from its Pay-TV segment as primary factors, and said operating loss from its Broadband and Satellite Services segment decreased.
EchoStar said it entered into a Purchase Agreement with DTV on September 29, 2024 to transfer all issued and outstanding equity interests of DISH DBS to DTV, but DTV terminated the Purchase Agreement effective November 22, 2024 because the DISH DBS Exchange Offers were not consummated. The company said no termination fee or other payment was due from either party as a result of the termination.
On October 25, 2024, the company said its Board of Directors authorized stock repurchases of up to $1.0 billion of its outstanding Class A common stock through and including December 31, 2025. The company said there were no repurchases of its Class A common stock during the years ended 2024 and 2023.

Key figures

Fiscal year ended December 31, 2024

Revenue: $15.8B
Operating income: −$304M
EPS: −$0.44
Operating cash flow: $1.3B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Consolidated Revenue $15.826 billion

EchoStar said its consolidated revenue for the year ended December 31, 2024 totaled $15.826 billion, a decrease of $1.190 billion or 7.0% compared to the same period in 2023. The company cited decreases in revenue from its Pay-TV, Broadband and Satellite Services, and Wireless segments as the primary factors.

Source · Based on the MD&A text of the filing

Consolidated Operating Loss $304 million

EchoStar said its consolidated operating loss for 2024 totaled $304 million, an increase in operating loss of $26 million compared to the same period in 2023. The company cited an increase in operating loss from its Wireless segment and a decrease in operating income from its Pay-TV segment as primary factors, and said operating loss from its Broadband and Satellite Services segment decreased.

Source · Based on the MD&A text of the filing

DIRECTV Transaction Agreement Terminated

EchoStar said it entered into a Purchase Agreement with DTV on September 29, 2024 to transfer all issued and outstanding equity interests of DISH DBS to DTV, but DTV terminated the Purchase Agreement effective November 22, 2024 because the DISH DBS Exchange Offers were not consummated. The company said no termination fee or other payment was due from either party as a result of the termination.

Source · Based on the MD&A text of the filing

$1.0 billion Share Repurchase Authorization

On October 25, 2024, the company said its Board of Directors authorized stock repurchases of up to $1.0 billion of its outstanding Class A common stock through and including December 31, 2025. The company said there were no repurchases of its Class A common stock during the years ended 2024 and 2023.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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