In the last three months of the year, EchoStar, under Charlie Ergen’s leadership, reported a decrease of about 253,000 pay-TV subscribers, which is lower than the decline of around 314,000 subscribers during the same period the previous year.
At the close of 2024, the company reported a total of 7.78 million TV subscribers across its pay-TV services, with 5.69 million of those being Dish TV customers and an additional 2.09 million on Sling TV.
Or simply:
By year-end 2024, the company had amassed a total of 7.78 million pay-TV subscribers; this figure consisted of 5.69 million Dish TV customers and an additional 2.09 million Sling TV users.
In summary, Hamid Akhavan, both CEO and President of EchoStar, stated that we have enhanced every sector of our operations and successfully met our objective of concluding the year with a positive free cash flow. Moreover, there were significant advancements in our wireless business segment.
As a devoted fan, I’m sharing an update on our financial performance. In the fourth quarter of 2024, our revenue dipped slightly from $4.16 billion in the same period last year, settling at approximately $3.97 billion. However, it’s worth noting that our operating income before depreciation and amortization (OIBDA) significantly improved, moving from a loss of $370 million in 2023 to a gain of $397 million this year. Here’s to continued growth and success!
Charlie Ergen is EchoStar’s executive chairman.
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2025-02-27 15:24