EchoStar Corporation has reported its financial results for the year ending December 31, 2025. The company posted total revenue of $15.00 billion in 2025, down from $15.83 billion in 2024.
Net loss attributable to EchoStar was $14.50 billion for 2025, a significant increase compared to a net loss of $119.55 million in the previous year. The larger loss was mainly due to non-cash asset impairments and other expenses totaling approximately $17.63 billion in 2025. In contrast, the net loss in 2024 benefited from a noncash gain of about $689 million related to a debt exchange offer and resulting debt extinguishment. If the tax-affected impact of these noncash adjustments is excluded, EchoStar’s net loss would have been about $1.05 billion in 2025 and $664 million in 2024.
The company reported that diluted loss per share was $50.41 for 2025, compared with $0.44 for 2024.
In its pay-TV segment, EchoStar saw a decrease of approximately 168,000 net subscribers during the fourth quarter of 2025, an improvement over the decrease of around 253,000 subscribers in the same quarter last year. At year-end, EchoStar had seven million pay-TV subscribers: about five million DISH TV subscribers and nearly two million Sling TV subscribers.
Retail wireless subscribers declined by roughly 9,000 during the fourth quarter of 2025; this contrasts with an increase of about 90,000 retail wireless subscribers during the same period in the prior year. The company ended the quarter with about 7.51 million retail wireless subscribers.
For broadband services, there was a decrease of approximately 44,000 broadband subscribers in Q4 2025 versus a drop of about 59,000 in Q4 last year. At December’s end, EchoStar counted approximately 739,000 broadband subscribers.
EchoStar provided detailed financial tables showing performance across segments such as pay-TV, wireless services, broadband and satellite services for both quarterly and annual periods.
OIBDA (Operating Income Before Depreciation and Amortization) and Adjusted OIBDA are among the non-GAAP measures used by EchoStar to evaluate operating profitability across business segments by excluding certain expenses like depreciation or one-time items not considered reflective of ongoing operations.
EchoStar will hold an earnings conference call on March 2 at 11:00 a.m. Eastern Time via its investor relations website at ir.echostar.com or by phone using conference ID “13758309” or by asking for “EchoStar Corporation Q4 and Full Year 2025 Earnings Conference Call.”
According to its corporate overview on www.echostar.com/about/overview/, EchoStar provides technology solutions including television entertainment and connectivity services under several brands such as Boost Mobile, Sling TV, DISH TV and HughesNet across global markets including Europe (via EchoStar Mobile Limited) and Australia (as EchoStar Global Australia).
The press release also included forward-looking statements under U.S. securities law cautioning investors regarding risks described further in company filings with the Securities and Exchange Commission.
