EchoStar Corporation has released its financial results for the year ending December 31, 2025. The company reported total revenue of $15 billion in 2025, a decrease from $15.83 billion in 2024.
Net loss attributable to EchoStar was $14.5 billion in 2025, compared to a net loss of $119.55 million the previous year. The company stated that the larger net loss in 2025 was mainly due to non-cash asset impairments and other expenses totaling about $17.63 billion. In contrast, the net loss for 2024 benefited from a non-cash gain of approximately $689 million related to a debt exchange offer and debt extinguishment. When excluding these non-cash adjustments, EchoStar’s net loss would have been about $1.05 billion in 2025 and $664 million in 2024.
Diluted loss per share increased significantly, reaching $50.41 in 2025 compared to $0.44 in the prior year.
In its Pay-TV segment, EchoStar saw a reduction of approximately 168,000 net subscribers during the fourth quarter of 2025, an improvement over the decline of around 253,000 subscribers in the same period last year. At quarter-end, EchoStar had a total of seven million pay-TV subscribers—five million with DISH TV and nearly two million with Sling TV.
Retail wireless subscribers decreased by about 9,000 during the fourth quarter of 2025; this compares to an increase of approximately 90,000 subscribers during the same period last year. By December 31, EchoStar counted roughly 7.51 million retail wireless subscribers.
The broadband segment experienced a decline as well: broadband subscribers dropped by about 44,000 during Q4 of 2025 versus a decrease of around 59,000 one year earlier. The company ended the quarter with approximately 739,000 broadband subscribers.
Financial tables provided by EchoStar show that Pay-TV revenues fell from about $10.69 billion in 2024 to roughly $9.7 billion in 2025; wireless revenue increased slightly; and broadband and satellite services revenue declined from approximately $1.58 billion to around $1.46 billion over the same period.
EchoStar will host an earnings conference call on March 2 at 11:00 a.m Eastern Time for investors and analysts via its investor relations website (ir.echostar.com) or by phone using conference ID “13758309”.
The company describes itself as a provider of technology and connectivity solutions worldwide under brands including EchoStar, Boost Mobile, Sling TV, DISH TV, HughesNet and JUPITER.
A statement included with the release noted: “This press release may contain statements that are forward looking…These forward-looking statements are based on management’s beliefs…Although management believes that the expectations reflected in these forward–looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct…We assume no responsibility for the accuracy of forward-looking statements or information or for updating forward-looking information or statements.”
For further details on risks and uncertainties affecting future performance, EchoStar directs readers to its filings with the Securities and Exchange Commission.
