EchoStar (ECHO) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 FY
Revenue for the quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
+1.3%
Change from the immediately preceding quarter.
Year-over-year
-8.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$17B
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 |
|---|---|---|
| Mar 31, 2023 | $4.4B | -9.0% |
| Jun 30, 2023 | $4.4B | +214.0% |
| Sep 30, 2023 | $4.1B | +726.1% |
| Dec 31, 2023 | $4.2B | -8.2% |
Revenue performance
The sequential growth reflects a recovery from the prior quarter's level, while the year-over-year decline continues the trend of lower revenue compared to the prior year.
Quarterly comparison
Compared to the prior quarter, revenue improved modestly. On an annual basis, revenue remained below the level of one year ago.
What to watch
Monitor the impact of the recently completed merger on future revenue trends.