EchoStar (ECHO) Revenue — Quarter Ended Sep 30, 2023
Revenue decreased in the current quarter compared with the immediately preceding quarter. However, revenue increased significantly when measured against the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue decreased in the current quarter compared with the immediately preceding quarter. However, revenue increased significantly when measured against the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.1B
Revenue reported for this quarter.
Quarter-over-quarter
-5.7%
Change from the immediately preceding quarter.
Year-over-year
+726.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.4B
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 |
|---|---|---|
| Dec 31, 2022 | $4.5B | -75.3% |
| Mar 31, 2023 | $4.4B | -9.0% |
| Jun 30, 2023 | $4.4B | +214.0% |
| Sep 30, 2023 | $4.1B | +726.1% |
Revenue performance
The reported revenue for the quarter moved lower relative to the prior period. The decline follows a pattern of sequential decreases from the earlier quarters of the same fiscal year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue contracted. In contrast, revenue was substantially higher than the same quarter one year earlier.
What to watch
Monitor whether the sequential revenue decline stabilizes in the coming period.