Core Insights - EchoStar Corporation announced its financial results for Q3 and nine months ended September 30, 2025, alongside the formation of EchoStar Capital to drive future growth through new business investments [2][4] - The company executed two significant spectrum transactions with AT&T for $22.65 billion and SpaceX for $19 billion, which helped meet FCC requirements for 5G network buildout [3][4] - EchoStar reported a total revenue of $3.61 billion for Q3 2025, a decrease from $3.89 billion in Q3 2024, and $11.21 billion for the nine months ended September 30, 2025, compared to $11.86 billion in the same period of 2024 [7][11] Financial Performance - Wireless segment revenue was approximately $939 million for Q3 2025, with a net subscriber growth of 223,000, improved churn at 2.86%, and a 2.6% increase in average revenue per user (ARPU) year-over-year [5][8] - Pay-TV segment, including DISH TV and Sling TV, generated approximately $2.34 billion in revenue for Q3 2025, with a historic low churn rate of 1.33% and a 1% increase in ARPU year-over-year [6][9] - Broadband & Satellite Services reported approximately $346 million in revenue for Q3 2025, with a contracted backlog revenue of $1.5 billion [10][12] Strategic Developments - EchoStar Capital will utilize capital from recent spectrum transactions to explore new growth opportunities beyond existing business units [4] - The company is undergoing a significant impairment charge of $16.48 billion due to the abandonment of certain 5G network assets not aligned with its hybrid MNO business model [4] - Hamid Akhavan has been appointed CEO of EchoStar Capital, while Charlie Ergen continues as President and CEO of EchoStar Corporation [4] Segment Results - For Q3 2025, Pay-TV revenue was $2.34 billion, down from $2.62 billion in Q3 2024, while Wireless revenue increased from $898 million to $939 million [11] - The Broadband & Satellite Services segment saw a revenue decline from $386 million in Q3 2024 to $346 million in Q3 2025 [11] - The total net income attributable to EchoStar for Q3 2025 was a loss of $12.78 billion, compared to a loss of $141.81 million in Q3 2024 [11][23]

Financial Performance - Total revenue for Q3 2025 was $3,614,258, a decrease of 7.1% from $3,890,984 in Q3 2024[23] - Service revenue decreased to $3,427,947 in Q3 2025, down 6.6% from $3,671,674 in Q3 2024[23] - Net loss attributable to EchoStar for Q3 2025 was $12,781,196, compared to a loss of $141,812 in Q3 2024[23] - Operating loss for Q3 2025 was $16,641,875, significantly higher than the loss of $160,767 in Q3 2024[23] - Basic net loss per share attributable to EchoStar was $(44.37) in Q3 2025, compared to $(0.52) in Q3 2024[23] - For the nine months ended September 30, 2025, EchoStar reported a net loss of $13.29 million compared to a net loss of $459,634 for the same period in 2024[29] - Net cash flows from operating activities decreased to $325,948 from $1.21 million year-over-year[29] - The company experienced a significant increase in impairments, totaling $16.48 million in 2025, compared to none in 2024[29] Assets and Liabilities - Total current assets decreased to $6,032,290 as of September 30, 2025, down from $8,095,743 as of December 31, 2024[21] - Total assets decreased to $45,271,366 as of September 30, 2025, compared to $60,938,687 as of December 31, 2024[21] - Total liabilities increased to $38,264,495 as of September 30, 2025, from $40,693,462 as of December 31, 2024[21] - Total stockholders' equity decreased to $7,006,871 as of September 30, 2025, down from $20,245,225 as of December 31, 2024[21] - The total cash and cash equivalents and marketable investment securities amounted to $3.915 billion as of September 30, 2025[56] - The company has $2.0 billion of debt maturing in July 2026 and $1.377 billion maturing in August 2026[56] Spectrum and Network Operations - EchoStar entered into a License Purchase Agreement with AT&T for the sale of spectrum licenses for an aggregate purchase price of $22.65 billion, expected to close in the first half of 2026[37] - The AT&T Transactions include a minimum purchase price clause of $18.6 billion, ensuring a baseline for the sale[38] - The company plans to transition to a Hybrid Mobile Network Operator (MNO) model, with expected implementation as early as Q4 2025[44] - EchoStar agreed to sell its AWS-4 and H-Block Licenses to SpaceX, with the transaction contingent on regulatory approvals[47] - The total consideration amount for the SpaceX transactions is $17 billion, which includes $8.5 billion in SpaceX's Class A Common Stock valued at $212 per share[49] - The Spectrum Acquisition Closing is expected on or about November 30, 2027, subject to the satisfaction of customary closing conditions[50] - The company is actively migrating customer traffic from its 5G Network to AT&T's network as part of its transition strategy[74] - The company has received conditional approval from the FCC to extend 5G deployment deadlines to December 14, 2026, and further to June 14, 2028, based on compliance with commitments[76] Subscriber Metrics - As of September 30, 2025, the company had 7.166 million Pay-TV subscribers, including 5.171 million DISH TV subscribers and 1.995 million SLING TV subscribers[70] - The Wireless segment reported 7.520 million subscribers as of September 30, 2025[71] - As of September 30, 2025, the Broadband segment had 783,000 subscribers[79] Capital Expenditures and Investments - The company has invested over $30 billion in Wireless spectrum licenses, excluding $10 billion of capitalized interest related to these licenses[75] - The company has ceased capitalizing interest on its 5G Network qualifying assets as of the end of August 2025[88] - The company reported realized and unrealized gains (losses) on investments of $28.9 million for the three months ended September 30, 2025, compared to $52.1 million for the same period in 2024[130] Debt and Financing - The carrying amount of the company's debt facilities as of September 30, 2025, was $26,310,870,000, with a fair value of $29,795,145,000[155] - The company repurchased approximately $123 million of its 5 1/4% Senior Secured Notes due 2026 during the nine months ended September 30, 2025[155] - The company issued $5.356 billion and $150 million of its 10 3/4% Senior Secured Notes due November 30, 2029, in November 2024 and May 2025, respectively[165] - The company issued $2.0 billion aggregate principal amount of Convertible Notes due 2025, with $138 million remaining outstanding after a portion was exchanged and cancelled[171] Impairments and Write-downs - The company began the abandonment and decommission process for certain portions of its 5G Network, resulting in significant impairment assessments[61] - The company impaired the EchoStar XXI satellite, writing down its carrying value to zero as of September 30, 2025[143] - Impairment charges recorded during the three and nine months ended September 30, 2025, totaled approximately $16.481 billion[66] Regulatory Compliance and Obligations - The company is subject to a review of its compliance with obligations regarding federal spectrum licenses by the FCC[10] - The licenses remain in effect based on the submission of build-out certifications, despite the FCC not yet updating the build-out deadlines in the Universal Licensing System[10] - Northstar Wireless paid gross winning bid amounts for 261 AWS-3 Licenses but will not pay for 84, resulting in the FCC retaining those licenses[217]

Accessibility StatementSkip Navigation ENGLEWOOD, Colo., Oct. 30, 2025 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference call to discuss its third quarter financial results on Thursday, November 6, 2025, at 11 a.m. Eastern Time (ET). The conference call will be broadcast live in listen-only mode on EchoStar's Investor Relations website. To attend the call, please use the information below for dial-in access. When prompted on dial-in, please utilize the conference ID or ask for the " ...

Core Insights - Boost Mobile is offering the new iPad Pro with the M5 chip, providing a $100 discount for both new and existing customers with an active phone plan [2][5] - The iPad Pro features significant performance improvements, including up to 3.5 times the AI performance compared to the M4 and up to 5.6 times faster than the M1 [3][6] - The new iPad Pro models are available for pre-order starting October 17, 2025, with availability from October 22, 2025 [2][3] Product Features - The iPad Pro is equipped with the M5 chip, which enhances AI capabilities and overall performance, making it suitable for demanding tasks [3][6] - Cellular models include the C1X modem, offering up to 50% faster cellular data performance than the M4, and support for 5G connectivity [4][5] - The device supports advanced wireless technologies with the new N1 chip, enabling Wi-Fi 7 and Bluetooth 6 [4][5] Pricing and Plans - Customers can add a Tablet Plan for $20 per month, which includes unlimited data and the $100 credit for the iPad Pro [2][9] - The offer is exclusively available at BoostMobile.com and does not require a trade-in [2][5] Customer Experience - Boost Mobile emphasizes value with flexible plans starting at $25 per month and no annual contracts, allowing customers to upgrade devices without trade-ins [8] - The new iPad Pro models come with enhanced memory options, starting with 12GB of unified memory for the 256GB and 512GB models, which is 50% more than previous versions [6]

Core Insights - EchoStar Corporation (NASDAQ:SATS) is recognized as a promising large-cap stock following the announcement of a strategic partnership between Hughes Network Systems and Celona to launch a fully managed private wireless network solution [1][2]. Group 1: Partnership and Technology - The collaboration aims to address the increasing demand for reliable, secure, and high-performance wireless connectivity across various sectors, including government operations, manufacturing, warehousing, logistics, and energy [2]. - The partnership will integrate Celona's private 5G LAN technology with Hughes Network's managed services expertise, offering a comprehensive solution that includes site design, deployment, and 24/7 network monitoring and support [3]. Group 2: Company Overview - EchoStar Corporation operates as a holding company providing television entertainment, wireless communication, and broadband satellite services globally, with brands such as DISH TV, Sling TV, Boost Mobile, and HughesNet [4].

Core Insights - Hughes Network Systems and Gogo are celebrating the successful on-time delivery of HDX and FDX electronically steerable antenna (ESA) terminals, marking a significant milestone in enhancing in-flight connectivity for business jets [1][4] - The partnership aims to leverage the Eutelsat OneWeb Low Earth Orbit (LEO) satellite network to provide high-throughput, low-latency connectivity across various aircraft types [2][3] - Hughes has initiated shipments of Gogo FDX ESA terminals, designed for larger airframes and higher data demands, while also developing a Commercial Aviation ESA for commercial airline operations [3][4] Company Overview - Hughes Network Systems, an EchoStar company, specializes in broadband equipment and services, providing managed services and end-to-end network operations globally [6][7] - Gogo is a leading provider of in-flight connectivity services, catering to a wide range of business aviation and government markets, with products installed on thousands of aircraft [5][6] Technological Advancements - The HDX and FDX ESAs are engineered for seamless integration across various aircraft platforms, optimizing size, weight, and power, and featuring a design with no moving parts for easy installation and maintenance [2][4] - Hughes has validated its technology through flight tests, demonstrating extensive end-to-end connectivity capabilities for the aviation sector [4]

Core Insights - EchoStar Corporation's subsidiary, Hughes Network Systems, has partnered with Celona to provide a fully managed private wireless network solution aimed at meeting the increasing demand for secure and scalable wireless connectivity [1][10] Group 1: Partnership and Technology - The collaboration combines Celona's advanced 5G LAN technology with Hughes' managed services expertise to support digital transformation across various industries such as manufacturing, logistics, energy, and public safety [2] - The partnership offers a comprehensive private wireless network with end-to-end management, improved Quality of Service (QoS), and seamless mobility, addressing connectivity challenges in large environments [3] - The solution is designed for mission-critical applications, enabling flexible deployment options tailored to customer needs, including automated vehicles and secure telehealth services [4] Group 2: Business Performance and Growth - Hughes achieved AS9100 quality certification and multiple FAA certifications, contributing to positive growth prospects for EchoStar [6] - The HughesNet consumer segment reported approximately 820,000 broadband subscribers, with increased Average Revenue Per User (ARPU) due to a focus on higher-value customers [6] - EchoStar anticipates positive operating free cash flow for the year, supported by disciplined cost management and growth in its Wireless and Hughes enterprise businesses [7] Group 3: Innovations and Market Position - In April 2025, Hughes launched the HL1100W electronically steerable antenna, enhancing low-latency, high-speed connectivity for enterprise and government users [8] - EchoStar's stock has performed well, with a Zacks Rank of 2 (Buy) and a share price increase of 187.3% over the past year, outperforming the industry growth of 148.4% [9]

Core Insights - EchoStar's shares surged 23.6% in September, following a nearly 90% increase in August due to successful wireless spectrum sales [2][3] - The company sold an additional $17 billion in wireless spectrum to SpaceX, following a $23 billion sale to AT&T [4][9] - EchoStar's management plans to pay down $11.4 billion in debt immediately, significantly reducing interest expenses and leaving the company with $24.1 billion in cash [7] Financial Transactions - The September sale to SpaceX was structured as $8.5 billion in cash and $8.5 billion in SpaceX stock, contrasting with the all-cash deal with AT&T [5] - The AT&T sale effectively eliminated EchoStar's debt, reducing the need for immediate cash infusion [5] Strategic Positioning - EchoStar now holds an $8.5 billion stake in SpaceX, positioning itself in a growth-oriented company within the space economy [6] - The company still retains approximately 45 MHz of spectrum, down from 140 MHz before the AT&T deal, with Verizon reportedly interested in acquiring the remaining assets [8][9]

Core Viewpoint - EchoStar Corporation has announced that its 3.875% Convertible Senior Secured Notes due 2030 will be convertible starting from October 1, 2025, until December 31, 2025, allowing holders to convert into cash, shares, or a combination thereof [1][2]. Group 1: Conversion Details - The conversion of the Notes is triggered when the last reported sale price of the Company's common stock exceeds 130% of the conversion price for at least 20 trading days within a 30-day period ending on September 30, 2025 [2]. - The conversion rate is set at 29.73507 shares per $1,000 principal amount of Notes, equating to a conversion price of approximately $33.63 per share [3]. Group 2: Notice and Procedures - The Company has issued a notice to holders detailing the terms, conditions, and procedures for exercising the Conversion Option, which can be accessed through The Depository Trust Company or requested from The Bank of New York Mellon Trust Company, N.A. [4]. - The Company and its Board of Directors have not made any recommendations regarding the exercise of the Conversion Option [4]. Group 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, and HughesNet® [6].

Core Insights - Hughes Network Systems has formed a strategic partnership with Celona to launch a fully managed private wireless network solution aimed at enhancing secure and high-performance connectivity for various industrial sectors and government operations [1][4]. Group 1: Product Offering - The new solution combines Celona's 5G LAN technology with Hughes' managed services, providing a comprehensive offering that includes site design, deployment, and 24/7 network monitoring [2][5]. - The service features advanced Quality of Service (QoS), SIM-based security, and supports seamless mobility for enterprises [2][3]. Group 2: Market Demand and Challenges - There is increasing pressure on enterprises to modernize operations and adopt automation, necessitating a more complex connectivity solution than traditional Wi-Fi and public networks can provide [3]. - The joint solution addresses connectivity challenges in large or dense environments, supporting real-time applications such as robotics and video analytics [3][4]. Group 3: Benefits and Features - The managed private wireless network is designed for mission-critical applications across commercial and public sectors, offering flexible deployment options tailored to specific operational needs [4][5]. - Customers benefit from a fully managed service that eliminates the need for significant upfront investment or in-house technical expertise, with Hughes handling network management and threat detection [5]. Group 4: Company Background - Hughes Network Systems, an EchoStar company, provides a range of broadband equipment and services, supporting millions of consumers and businesses globally [7]. - Celona is recognized as a pioneer in enterprise private wireless solutions, having raised over $135 million in venture funding and deployed its 5G LAN system across various industries [9].