EchoStar (ECHO) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter was essentially flat compared to the immediately preceding quarter, showing a minimal decline. When measured against the same quarter one year earlier, revenue increased substantially.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter was essentially flat compared to the immediately preceding quarter, showing a minimal decline. When measured against the same quarter one year earlier, revenue increased substantially.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
-0.7%
Change from the immediately preceding quarter.
Year-over-year
+214.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $497.4M | -1.4% |
| Dec 31, 2022 | $4.5B | -75.3% |
| Mar 31, 2023 | $4.4B | -9.0% |
| Jun 30, 2023 | $4.4B | +214.0% |
Revenue performance
The reported revenue reflects a slight decrease from the prior quarter, continuing a pattern of relatively stable sequential performance after a large increase in an earlier period.
Quarterly comparison
Compared with the preceding quarter, revenue edged lower. Compared with the same quarter one year ago, revenue was significantly higher, marking the strongest year-over-year result in the available trend data.
What to watch
The near-flat sequential revenue trend suggests that the large year-over-year gain reflects a base effect rather than accelerating current-period demand.