EchoStar Posts Q1 Miss as Pay-TV Weakness Offsets Wireless Gains

EchoStar Corporation (NASDAQ:SATS) reported first-quarter results that missed analyst expectations, weighed down by continued declines in its Pay-TV business.

The satellite and wireless services provider posted a net loss of $0.71 per share, wider than the $0.66 loss forecast by analysts. Revenue totaled $3.87 billion, just under the $3.88 billion consensus and down 3.6% from $4.01 billion in the same period last year.

The decline was largely attributed to a drop in Pay-TV revenue, which fell to $2.54 billion from $2.73 billion year-over-year, continuing a trend of pressure on traditional TV services.

EchoStar’s wireless segment showed some resilience, adding 150,000 net subscribers in the quarter. The company also reported a year-over-year improvement in churn, which declined to 7.2%, reflecting better customer retention.

While wireless momentum offered a bright spot, the revenue shortfall and wider loss underscored the challenges EchoStar faces as it works to offset structural declines in legacy Pay-TV operations.