Press Release Boost Mobile becomes first mobile operator in world to deploy Nokia cloud-native 5G Voice Core on Public Cloud to accelerate new 5G services #MWC25 Boost Mobile utilizes Nokia's fully cloud-native 5G Voice Core to enable faster deployment of new 5G services, enhanced network automation, and more efficient cloud utilization. 3 March 2025Espoo, Finland – Boost Mobile, the newest U.S. nationwide carrier, has deployed Nokia's fully cloud-native 5G Voice Core to enable even faster delivery of advan ...

Press Release Boost Mobile becomes first mobile operator in world to deploy Nokia cloud-native 5G Voice Core on Public Cloud to accelerate new 5G services #MWC25 Boost Mobile utilizes Nokia’s fully cloud-native 5G Voice Core to enable faster deployment of new 5G services, enhanced network automation, and more efficient cloud utilization. 3 March 2025Espoo, Finland – Boost Mobile, the newest U.S. nationwide carrier, has deployed Nokia’s fully cloud-native 5G Voice Core to enable even faster delivery of advan ...

EchoStar Corporation (SATS) reported fourth-quarter 2024 non-GAAP earnings of $1.23 per share compared with $1.21 in the prior-year quarter. The bottom line surpassed the Zacks Consensus Estimate by 296%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues in the quarter totaled $4 billion, down 5% year over year. The top line met the consensus mark. Weak demand trends across Pay-TV, Wireless and Broadband and satellite services led to the contraction. Subscriber losses across P ...

Financial Data and Key Metrics Changes - At the end of Q4 2024, total cash and marketable securities increased to $5.7 billion, up $3 billion from the prior quarter, primarily due to financing transactions that raised $5.6 billion in net proceeds [12] - Revenue for Q4 was approximately $4 billion, down 5% year-over-year, mainly due to fewer subscribers in Pay TV and Hughes [15] - For the full year 2024, consolidated revenue was $15.8 billion, a decrease of 7% year-over-year, attributed to subscriber declines across segments [17] - OIBDA for Q4 was $397 million, an increase of $9 million year-over-year, while full-year OIBDA was $1.6 billion, down from $2.1 billion in 2023 [16][17] Business Line Data and Key Metrics Changes - The Pay TV segment saw improvements in churn, ARPU, and SAC, with a year-over-year ARPU increase of 4.2% [20] - HughesNet consumer business closed 2024 with approximately 880,000 subscribers, focusing on acquiring and retaining high-value customers [29] - Boost Mobile achieved consecutive quarter-over-quarter net positive subscriber growth since Q1 2024, finishing the year with approximately 7 million wireless subscribers and a 28% improvement in churn year-over-year [38] Market Data and Key Metrics Changes - Boost Mobile Network was recognized as the number one mobile network in New York City by a third-party benchmarking expert [7] - The company met its 80% FCC coverage commitments by the end of 2024, extending 5G broadband coverage to over 268 million people [42] Company Strategy and Development Direction - The merger with Dish Network aims to create a comprehensive telecommunications entity with a broad portfolio of assets, enhancing capabilities in satellite communications and 5G [3] - The company is focused on maximizing resource utilization to gain market share and accelerate value creation in 2025 [10] - Plans for 2025 include further integration of products across Boost Mobile and Hughes, with a focus on cross-selling and enhancing customer experiences [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver operational improvements in 2025, emphasizing fiscal and operational discipline [49] - The management highlighted the importance of profitable customer acquisition and the potential for growth in the wireless business without capital limitations [128] Other Important Information - The company recognized a $689 million gain on debt extinguishment and successfully extended the maturities of $4.7 billion of convertible notes to 2030 [13] - Hughes was recognized as a leader in the Gartner Magic Quadrant for Managed Network Services for the second consecutive year, reflecting its strong position in the enterprise market [33] Q&A Session Summary Question: What is the target for the number of sites by the end of 2026? - Management indicated that they are focused on meeting FCC commitments and will not disclose specific future site numbers at this time [56] Question: How is Boost Mobile integrating video services? - Management confirmed that they are beginning to cross-bundle services and have integrated Sling service within the Boost Mobile app, with positive early indications [60] Question: How is the direct to device market evolving? - Management believes they are uniquely positioned in the direct to device market and have been offering services in international markets, with plans to expand in the U.S. [68] Question: Can you provide details on wireless ARPU growth? - Management noted that ARPU is rising due to customers adopting higher-priced plans and bundled offers, indicating a trend towards premium market positioning [78] Question: What is the outlook for enterprise and wholesale revenue? - Management highlighted the strong position of Hughes in the enterprise market and the potential for growth, although specific revenue forecasts were not provided [116]

For the quarter ended December 2024, EchoStar (SATS) reported revenue of $3.97 billion, down 4.7% over the same period last year. EPS came in at $1.24, compared to $1.21 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.97 billion, representing no surprise. The company delivered an EPS surprise of +296.83%, with the consensus EPS estimate being -$0.63.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...

EchoStar (SATS) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of a loss of $0.63 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 296.83%. A quarter ago, it was expected that this seller of set-top boxes and provider of satellite services to Dish Network would post a loss of $0.28 per share when it actually produced a loss of $0.52, delive ...

Core Viewpoint - EchoStar Corporation reported improvements across all business lines, achieving positive free cash flow by the end of 2024, with significant developments in its wireless business, including positive subscriber growth and recognition of its Boost Mobile Network in New York City [3][7]. Financial Performance - For the year ended December 31, 2024, EchoStar's total revenue was $15.83 billion, down from $17.02 billion in 2023, primarily due to subscriber declines in the Pay-TV segment [7]. - The net loss attributable to EchoStar in 2024 was $119.55 million, a significant improvement from a net loss of $1.70 billion in 2023, aided by a noncash gain of approximately $689 million from a debt exchange offer [7]. - Consolidated OIBDA for 2024 was $1.63 billion, compared to $1.32 billion in 2023, indicating improved operational profitability [7]. Subscriber Metrics - The company experienced a decrease of approximately 253,000 net Pay-TV subscribers in Q4 2024, a smaller decline compared to 314,000 in the same quarter of the previous year, ending with 7.78 million total Pay-TV subscribers [7]. - Wireless subscribers, excluding Affordable Connectivity Program (ACP) subscribers, increased by approximately 105,000 in Q4 2024, with a total of 6.995 million wireless subscribers at the end of the quarter [7]. - Broadband Satellite subscribers decreased by approximately 29,000 in Q4 2024, a smaller decline than the 59,000 decrease in the same quarter of 2023, attributed to lower disconnects following the launch of the new EchoStar XXIV satellite service [7]. Segment Results - For the three months ended December 31, 2024, Pay-TV revenue was $2.67 billion, down from $2.82 billion in 2023, while Wireless revenue was $902.85 million, slightly down from $907.61 million [5]. - The total revenue for the year ended December 31, 2024, was $15.83 billion, with Pay-TV contributing $10.69 billion and Wireless contributing $3.61 billion [5][7]. - The operating income (loss) for the Pay-TV segment was $2.65 billion for the year, while the Wireless segment reported an operating loss of $2.83 billion [8]. Cash Flow and Investments - The company reported net cash flows from operating activities of $1.25 billion for 2024, down from $2.43 billion in 2023 [19]. - Total capital expenditures for the year were approximately $2.50 billion, a decrease from $4.22 billion in 2023 [6][19]. - EchoStar's cash and cash equivalents increased to $4.31 billion as of December 31, 2024, compared to $1.82 billion in 2023 [16].

Acquisition and Subsidiaries - EchoStar completed the acquisition of DISH Network on December 31, 2023, making DISH Network a wholly owned subsidiary[19]. Subscriber Metrics - As of December 31, 2024, EchoStar had 7.778 million Pay-TV subscribers, including 5.686 million DISH TV subscribers and 2.092 million SLING TV subscribers[25]. Wireless Services and 5G Deployment - The Wireless segment provides services to over 220 million Americans for 5G voice and over 268 million Americans for 5G broadband[26]. - EchoStar has invested over $30 billion in Wireless spectrum licenses, excluding $10 billion of capitalized interest[29]. - The company achieved 70% U.S. population access to average download speeds of 35 Mbps by March 2024, fulfilling a key FCC commitment[30]. - The EchoStar XXIV satellite began service in December 2023, enhancing broadband capacity across North and South America[35]. - The company has achieved 5G VoNR coverage for over 220 million Americans and 5G broadband service for over 268 million Americans[61]. - The company launched its nationwide expansion of Boost Mobile postpaid Wireless service in 2023, offering premium devices including the Apple iPhone 15[57]. - The company is transitioning from an MVNO to an MNO as its 5G Network becomes commercially available, activating Boost Mobile subscribers on the 5G Network[58]. - The company expects continued growth in demand for broadband internet access and related services across various markets, including consumer and enterprise[73]. Competitive Landscape - Competition in the Pay-TV industry has intensified, with significant pressure from both traditional and digital content providers[50]. - Consumer behavior is shifting towards online content, leading to potential risks of "cord cutting" and "cord shaving" for traditional pay-TV services[52]. - The company operates in a highly competitive wireless market, facing significant competition from national carriers like Verizon, AT&T, and T-Mobile[70]. - The company faces intense competition in the Pay-TV sector, which may require increased spending on subscriber acquisition and retention or result in higher churn rates[164]. - The company’s competitive landscape includes increasing competition from content providers distributing video directly to consumers over the Internet, which may adversely affect demand for its Pay-TV services[166]. - The company faces increased competition from digital video service providers as consumer demand for internet-based content delivery rises[176]. Financial and Regulatory Challenges - The company may need to raise additional capital in the future to fund its 5G Network Deployment and related investments[60]. - The company is subject to significant government regulation, particularly regarding its Wireless spectrum licenses and 5G Network Deployment[88]. - The company is required to contribute fees as a percentage of revenue from telecommunications services to various funds, including the Universal Service Fund, which supports low-income consumers and rural areas[118]. - The company is subject to public interest obligations requiring it to set aside 4% of channel capacity for noncommercial programming, which may impact financial results[98]. - The company has experienced substantial increases in retransmission rates for local channels, which could adversely affect its financial condition and results of operations[102]. - The company may lose its waiver to retransmit distant network signals if it fails to provide local service in all 210 local markets, posing a risk to its operations[110]. - The FCC has proposed prohibiting early termination fees for pay-TV providers, which could impact the company's pricing strategies[104]. - The company is subject to FCC regulations regarding the construction, operation, acquisition, and transfer of wireless communications systems, which could impact future operating expenses[134]. - The company faces regulatory challenges in obtaining approvals for satellite operations in foreign jurisdictions, which may impose conditions that could affect service delivery[126]. - The company must comply with export control laws and regulations, which could impact the ability to provide certain services and equipment internationally[130]. Operational Risks - The company relies on third-party suppliers for infrastructure and services, and any failure in these relationships could adversely impact operations[179]. - The company has limited satellite capacity, and any failures could adversely affect its ability to provide services and generate revenue[214]. - Extreme weather poses risks to infrastructure and service delivery, potentially leading to increased costs and operational disruptions[217]. - The company is currently defending multiple patent infringement actions, which could lead to substantial damages and increased costs that may negatively affect liquidity and operating results[144]. Employee and Management - As of December 31, 2024, the company had approximately 13,700 employees, with about 600 located internationally, indicating a strong workforce presence primarily in the United States[149]. - The company believes its future success is significantly dependent on the performance of key executives, including Chairman Charles W. Ergen, and the loss of these individuals could materially affect business operations[146]. Programming and Content Costs - The cost of programming represents the largest percentage of overall Pay-TV costs, and competitors may leverage relationships with programmers to reduce costs or offer exclusive content[181]. - Programming costs are increasing significantly, especially for local broadcast channels and sports programming, which may impact future financial results[203]. - The company relies on third-party programming agreements, and failure to renew these agreements could negatively impact subscriber activations and churn rates[205]. Subscriber Dynamics - The company’s Pay-TV average monthly revenue per subscriber (Pay-TV ARPU) may decrease due to an increase in lower-priced SLING TV subscribers, negatively impacting margins and long-term subscriber value[171]. - Future growth opportunities for the DISH TV business may be limited due to increased competitive pressures and stricter subscriber acquisition policies, potentially leading to a decline in the subscriber base[172]. - Changing consumer behavior and new technologies may lead to reduced subscriber activations and increased churn rates, adversely affecting revenue[173]. - Economic weakness and uncertainty may lead to fewer subscriber activations and increased churn rates, particularly among lower-tier programming package subscribers[194]. - Subscriber acquisition and retention costs are expected to rise, adversely affecting profits during periods of economic weakness[194]. - Subscriber acquisition and retention costs can vary significantly, potentially causing material variability in net income and free cash flow[202]. Network and Technology Investments - The company is focused on completing its 5G Network Deployment, which is critical for its Wireless business and requires a skilled workforce in the wireless industry[147]. - The company is investing in 5G network deployment and enhancements to remain competitive, but this involves risks related to technology integration and supplier dependencies[196]. - Changes in how network operators handle data access could negatively impact the company's Pay-TV business, particularly SLING TV services[190].

Core Points - EchoStar Corporation will host a conference call to discuss its fourth quarter and full year 2024 financial results on February 27, 2025, at 11:00 a.m. Eastern Time [1] - The call will be accessible via dial-in and will also be broadcast live on EchoStar's Investor Relations website [2][3] - A live webcast and a replay will be available for 48 hours after the call [3] Company Overview - EchoStar Corporation is a leading provider of technology, networking services, television entertainment, and connectivity solutions globally, operating under various brands including EchoStar®, Boost Mobile®, Sling TV, DISH TV, and Hughes® [4]

Core Points - Boost Mobile is launching the iPhone 16e, which features advanced battery life, the A18 chip, and a 48MP camera system, available for pre-order starting February 21, 2025 [2][3] - New customers can acquire the iPhone 16e for $199.99 when signing up for Boost Mobile's Unlimited Premium plan at $60 per month, with no trade-in required [3][4] - Boost Mobile's 5G network is highlighted for its speed and reliability, covering 99% of the U.S. population and recently recognized as the best overall performance in New York City [5][12] Product Features - The iPhone 16e offers a 6.1-inch display, exceptional battery life, and is powered by the A18 chip and Apple C1 modem, designed for enhanced efficiency [6] - It includes a 48MP Fusion camera with a 2x Telephoto feature, allowing for high-quality zoom capabilities [6] - The device supports eSIM technology for secure activation and plan management, enabling users to store multiple plans on one device [7] Customer Experience - Boost Mobile provides a 30-day money-back guarantee, allowing customers to test the service risk-free [5][10] - The company emphasizes its commitment to customer satisfaction with flexible plans starting at $25 per month for unlimited 5G [9][10] - Boost Mobile's network is designed to deliver fast connectivity for various activities, including streaming and gaming [4][5]