, /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) (the "Company") has notified holders of its 3.875% Convertible Senior Secured Notes due 2030 (the "Notes") that the Notes are convertible, at the option of the holders (the "Conversion Option") beginning on October 1, 2025, and ending at the close of business on December 31, 2025. The Notes are convertible into cash, shares of the Company's common stock or a combination thereof, at the Company's election. Any determination regarding the convertibility o ...

New DISH Research Confirms Addressable TV Unlocks Growth in a Fragmented Market New modeling from DISH Media shows that reallocating just 10% of a campaign budget to addressable TV delivers double-digit gains in light TV viewer reach and improves in-target accuracy across the board. "Whether an advertiser is shifting dollars from traditional TV or streaming, addressable TV delivered consistent, measurable impact," said Howard Shimmel, President of Janus Strategy & Insights, LLC. "This proves that addressab ...

Core Insights - Globalstar, Inc. (GSAT) is implementing an expansion strategy to utilize its HIBLEO-XL-1 satellite system, aiming to enhance next-generation connectivity for various sectors as the global space economy is projected to reach $1.8 trillion by 2035 [1][4] Company Strategy and Investments - Over the last two decades, Globalstar has invested billions in satellite technology, focusing on low Earth orbit (LEO) innovations to provide essential connectivity for industries such as maritime, aviation, defense, and energy [2] - The company is upgrading its network infrastructure and has initiated a global ground upgrade for its new Extended MSS Network (C-3 system) [2] Infrastructure Development - Globalstar is constructing a new gateway at its ground station in Greece and expanding its Singapore ground station with two additional 6-meter tracking antennas to support the C-3 system [3] - A significant investment of $1.5 billion has been made for the C-3 satellite constellation, which includes 48 new satellites and approximately 90 new ground station antennas worldwide [4] Satellite Launch Plans - GSAT has signed a launch agreement with SpaceX for a Falcon 9 mission to deploy nine replacement satellites, with the first launch scheduled for 2025 and a second in 2026 [4][9] Next-Generation Capabilities - The HIBLEO-XL-1 filing indicates a shift towards next-generation MSS capabilities, adding more satellites and a broader frequency spectrum beyond existing bands [5][9] Market Position and Performance - GSAT's shares have increased by 79.8% over the past year, while the Zacks Satellite and Communication industry has grown by 119.7% [11] - The stock is trading at a forward 12-month price/sales ratio of 13.5X, significantly higher than the industry's 1.29X [12] Earnings Estimates - Consensus estimates for GSAT's 2025 earnings have been revised up by 77% to a projected loss of 8 cents per share, while 2026 earnings estimates have increased by 200% to a profit of 1 cent per share [13]

Transactions and Spectrum - EchoStar received $22.65 billion from AT&T for 3.45 GHz and 600 MHz spectrum licenses [14] - AT&T can immediately access the 3.45 GHz spectrum [14] - EchoStar received $17 billion from SpaceX for AWS-4 and H-block spectrum licenses, with $8.5 billion paid in equity [14] - SpaceX will develop next-generation Starlink Direct-to-Cell satellites, benefiting Boost Mobile [14] - EchoStar maintains approximately 45 MHz of valuable spectrum after the AT&T and SpaceX transactions [27] Subscriber Base and Revenue - The company has a scaled subscriber base across brands, including DISH TV, SLING TV, Wireless, and Hughes [19, 20] - The company's revenue for the last twelve months (LTM) is $15.5 billion [25] - DISH TV has 0.8 million subscribers [21] - SLING TV has 7.4 million subscribers [21] - Wireless has 15.3 million subscribers [21] Assets and Debt - The company has $11.9 billion in DDBS assets [29] - The company has $1.5 billion in HSSC assets [29] - The company's pro forma debt is $11.4 billion [29] Business Strategy - Boost Mobile aims to bridge the digital divide through innovative products and platforms [36] - Hughes has approximately $1.8 billion in backlog [56]

Core Insights - EchoStar (SATS) reported a revenue of $3.72 billion for the quarter ended June 2025, reflecting a decline of 5.8% year-over-year [1] - The company's EPS was -$1.06, worsening from -$0.76 in the same quarter last year [1] - Revenue fell short of the Zacks Consensus Estimate of $3.83 billion, resulting in a surprise of -2.87% [1] - The EPS exceeded the consensus estimate of -$1.12, delivering a surprise of +5.36% [1] Financial Performance Metrics - Pay-TV subscriber losses were -261 thousand, worse than the estimated loss of -167.5 thousand [4] - DISH TV subscriber losses were -152 thousand, compared to an average estimate of -180 thousand [4] - Revenue from Broadband and Satellite Services was $339.78 million, below the estimated $370.05 million, marking a decline of 13.8% year-over-year [4] - Revenue from Pay-TV was $2.46 billion, slightly below the estimated $2.49 billion, representing an 8% decrease from the previous year [4] - Retail Wireless revenue was $934.63 million, exceeding the estimated $1 billion, with a year-over-year increase of 4.8% [4] Stock Performance - EchoStar's shares have returned +3.9% over the past month, outperforming the Zacks S&P 500 composite's +2.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

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]

Group 1 - EchoStar Corporation will host a conference call to discuss its second quarter financial results on August 1, 2025, at noon Eastern Time [1] - The conference call will be available in listen-only mode on EchoStar's Investor Relations website [1][3] - Participants can access the call using specific dial-in numbers and a conference ID, and are encouraged to join at least 10 minutes early [2] Group 2 - A live webcast of the conference call will be available, along with a replay for 48 hours after the call [3] - EchoStar Corporation is a provider of technology, networking services, television entertainment, and connectivity solutions globally under various brands [4] - The company operates in Europe through its EchoStar Mobile Limited subsidiary and in Australia as EchoStar Global Australia [4]

Core Insights - DISH Media launched AdvantEdge™, a next-generation advertising solution that integrates audience targeting across linear and connected TV using verified first-party data [1][2] - The solution aims to simplify the advertising process for media buyers, allowing for real-time, cross-platform buying with high accuracy [2][3] Group 1: AdvantEdge™ Features - AdvantEdge™ utilizes DISH Media's deterministic data and advanced technology to enhance audience targeting capabilities [2][3] - The system increases DISH Media's deterministic footprint by 70% through expanded consumer brand connections, allowing advertisers to reach audiences in premium content [3] - It incorporates privacy-first data flexibility, compatible with major identity solutions like RampID, UID 2.0, and Yahoo ConnectID, ensuring consumer trust [3] Group 2: Performance Metrics - Recent analyses show AdvantEdge™ delivered significant performance improvements: +34% lift in brand scripts for pharma, +26% lift in sales for auto, and +17% boost in bookings for travel [4] - These results demonstrate AdvantEdge™'s effectiveness in reaching the right audience and driving measurable business impact [4] Group 3: Company Overview - DISH Media provides intelligent advertising solutions that maximize audience exposure while protecting consumer personal information [5] - The company employs innovative platforms for addressable targeting and programmatic buying, enhancing national media campaigns [5]

Core Insights - EchoStar Corporation reported total revenue of $3.87 billion for Q1 2025, showing a decline from $4.01 billion in Q1 2024, indicating a year-over-year decrease of approximately 3.6% [2][8] - The company experienced a net loss attributable to EchoStar of $202.67 million in Q1 2025, compared to a net loss of $107.38 million in Q1 2024 [8][21] - The performance across different segments showed mixed results, with Wireless revenue increasing to approximately $973 million, while Pay-TV revenue decreased to about $2.5 billion [3][4][8] Wireless Segment - The Wireless segment, primarily consisting of Boost Mobile, generated approximately $973 million in revenue for Q1 2025, up from $914 million in Q1 2024, reflecting a year-over-year growth of about 6.5% [3][8] - The segment achieved a net subscriber growth of 150,000 and improved churn rate to 7.2%, marking a significant improvement from the previous year [6][7] - Boost Mobile Network was recognized as the 1 mobile network in New York City by an independent benchmarking expert [7] Pay-TV Segment - The Pay-TV segment, which includes DISH TV and Sling TV, reported revenue of approximately $2.54 billion for Q1 2025, down from $2.73 billion in Q1 2024, representing a decline of about 7% [4][8] - The segment achieved its lowest churn rate of 1.36% in over a decade, excluding pandemic effects, and saw a 3% increase in average revenue per user (ARPU) year-over-year [6][7] Broadband & Satellite Services Segment - The Broadband & Satellite Services segment generated approximately $371 million in revenue for Q1 2025, slightly down from $382 million in Q1 2024 [5][8] - The segment reported an increase in enterprise backlog by 5% year-over-year and enhanced in-flight connectivity offerings through universal Ka- and Ku-bands [6][11] Financial Performance - The total operating loss for the company was $88.13 million in Q1 2025, compared to a loss of $15.24 million in Q1 2024 [21] - Operating income (loss) by segment showed Pay-TV at $653.43 million, Wireless at a loss of $722.30 million, and Broadband & Satellite Services at $85.70 million [9][10] - The company had a contracted backlog revenue of approximately $1.6 billion at the end of Q1 2025, reflecting a 5% increase year-over-year [11]

Core Points - EchoStar Corporation will host a conference call to discuss its first quarter financial results on May 9, 2025, at 11 a.m. Eastern Time [1] - The conference call will be available in listen-only mode on EchoStar's Investor Relations website [1][3] - Participants can join the call using specific dial-in numbers and a conference ID [2] Company Overview - EchoStar Corporation is a leading provider of technology, networking services, television entertainment, and connectivity solutions globally [4] - The company operates under various brands including EchoStar®, Boost Mobile®, Sling TV, DISH TV, Hughes®, HughesNet®, HughesON™, and JUPITER™ [4] - In Europe, EchoStar operates through its subsidiary EchoStar Mobile Limited, and in Australia, it operates as EchoStar Global Australia [4]