EchoStar Corporation reported its financial results for the third quarter and first nine months of 2025, alongside the announcement of a new business division, EchoStar Capital. The company also detailed major spectrum transactions with AT&T and SpaceX, which contributed to changes in its asset utilization and overall strategy.
In the third quarter, EchoStar signed two significant spectrum deals: one with AT&T valued at $22.65 billion and another with SpaceX worth $19 billion. These agreements helped resolve regulatory reviews by the Federal Communications Commission (FCC) regarding the company’s use of spectrum. Following these transactions, the FCC confirmed that EchoStar had fulfilled all 5G network buildout requirements and related obligations. Additionally, EchoStar announced an amended agreement to sell its unpaired AWS-3 wireless spectrum to SpaceX for $2.6 billion in SpaceX stock.
EchoStar Capital has been established to manage new investments from these recent transactions and drive future growth for the corporation. Hamid Akhavan was named Chief Executive Officer of EchoStar Capital, while Charlie Ergen will serve as President and CEO of EchoStar Corporation and oversee Pay-TV and Wireless business units.
“EchoStar will soon be in the unique position of having substantial available capital, vastly changing its scope of opportunities. Through EchoStar Capital we will fuel EchoStar’s growth into new and complementary arenas, beyond its successful pay-TV, wireless and enterprise business units,” said Hamid Akhavan, CEO of EchoStar Capital. “This is an opportune moment in time for our business to go on the offense as we build upon our 45-year institutional heritage and forge a new path forward for creating and developing opportunities in our strategic expertise domains that will provide attractive value creation for EchoStar and its shareholders.”
Due to these developments in the third quarter, including changes to how certain assets are used under a hybrid mobile network operator model, EchoStar began decommissioning parts of its 5G network that would no longer be utilized. This resulted in a one-time non-cash impairment charge totaling $16.48 billion.
For segment performance during Q3 2025:
– The Wireless segment—mainly Boost Mobile—generated about $939 million in revenue.
– Pay-TV services (DISH TV and Sling TV) brought in approximately $2.34 billion.
– Broadband & Satellite Services (including Hughes brands) delivered around $346 million.
Overall quarterly revenue was approximately $3.61 billion compared to $3.89 billion during Q3 2024; net loss attributable to EchoStar reached roughly $12.78 billion versus a loss of about $142 million last year.
The company’s financial statements show total assets decreased from about $60.9 billion at year-end 2024 to roughly $45.3 billion as of September 30, 2025.
EchoStar plans to discuss these results further during an earnings call scheduled for November 6 at 11 a.m Eastern Time via their investor relations website (ir.echostar.com).
The company provides technology solutions globally through brands such as Boost Mobile, Sling TV, DISH TV, HughesNet, HughesON, JUPITER, among others.
“Forward-looking statements” were included in this release under safe harbor provisions; readers are cautioned not to place undue reliance on such statements due to risks described in public filings with the Securities and Exchange Commission.
