EchoStar reports Q1 2026 revenue of $3.67 billion
Net loss narrowed to $146.89 million from $202.67 million year-over-year.
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Global satellite communications provider
echostar.comLast updated
In short: EchoStar gained FCC approval to sell $40 billion in spectrum assets to AT&T and SpaceX and reached a $17.3 million DOJ settlement.
Net loss narrowed to $146.89 million from $202.67 million year-over-year.
The agreement restores 226 local channels in 113 markets for DISH TV customers.
DISH TV customers lost access to 226 local stations after Gray Media demanded rate hikes. DISH is willing to negotiate.
The net loss was driven by $17.63B in non-cash impairments. Pay-TV subscribers decreased by 168,000 in Q4.
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The Federal Communications Commission (FCC) has granted approval to EchoStar to sell its spectrum to SpaceX and AT&T.
EchoStar has emerged as one of the leading plays on SpaceX since the company got a 2%-plus stake in ...
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