EchoStar Announces Financial Results for the Three and Six Months Ended June 30, 2025

Core Insights - EchoStar Corporation reported total revenue of $3.72 billion for Q2 2025 and $7.60 billion for the first half of 2025, reflecting a focus on operational efficiencies and profitable growth investments [2][3][7] Financial Performance - The company experienced a net loss attributable to EchoStar of $306.1 million in Q2 2025, compared to a loss of $205.6 million in Q2 2024 [7][22] - Operating income for Q2 2025 was a loss of $213.4 million, compared to a loss of $65.4 million in Q2 2024 [7][22] - OIBDA for Q2 2025 was $279.6 million, down from $442.2 million in Q2 2024 [7][11] Segment Performance - Pay-TV: Generated approximately $2.46 billion in revenue for Q2 2025, down from $2.68 billion in Q2 2024, with a churn rate of 1.29%, the lowest in over a decade [5][9][10] - Wireless: Revenue reached approximately $935 million in Q2 2025, with a net subscriber growth of 212,000, leading to a total of approximately 7.36 million subscribers [4][9][10] - Broadband & Satellite Services: Revenue was approximately $340 million in Q2 2025, with an enterprise order backlog of $1.6 billion, an 8% increase year-over-year [6][9][10] Operational Highlights - The Retail Wireless business, particularly the Boost Mobile brand, has seen five consecutive quarters of growth [3][10] - Pay-TV ARPU improved by 3% year-over-year, while Wireless ARPU increased by 4.1%, marking the highest prepaid ARPU in the industry [9][10] - The company is gaining traction in the aviation sector with its in-flight connectivity solutions [3][9] Cash Flow and Investments - Net cash flows from operating activities for the first half of 2025 were $214.3 million, a decrease from $931 million in the same period of 2024 [24] - The company reported significant cash outflows in investing activities, totaling $1.8 billion for the first half of 2025 [24]