EchoStar (ECHO) Revenue — Quarter Ended Mar 31, 2024
Revenue declined in the first quarter of 2024 compared to both the preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trajectory observed in recent periods.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined in the first quarter of 2024 compared to both the preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trajectory observed in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4B
Revenue reported for this quarter.
Quarter-over-quarter
-3.5%
Change from the immediately preceding quarter.
Year-over-year
-8.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.6B
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 |
|---|---|---|
| Jun 30, 2023 | $4.4B | +214.0% |
| Sep 30, 2023 | $4.1B | +726.1% |
| Dec 31, 2023 | $4.2B | -8.2% |
| Mar 31, 2024 | $4B | -8.5% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter, extending the negative trend. The sequential decline was accompanied by a larger annual drop relative to the year-ago period.
Quarterly comparison
Sequentially, revenue was lower than the prior quarter, and on an annual basis, it was also below the same quarter one year earlier. Both comparisons point to a weakening revenue performance.
What to watch
The filing discusses the transition of the retail wireless segment from an MVNO to an MNO and the ongoing 5G network deployment, which are key developments to monitor.