EchoStar (ECHO) Revenue — Quarter Ended Jun 30, 2024
Revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The decrease relative to last year was more pronounced than the sequential drop.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The decrease relative to last year was more pronounced than the sequential drop.
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
-1.5%
Change from the immediately preceding quarter.
Year-over-year
-9.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.2B
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, 2023 | $4.1B | +726.1% |
| Dec 31, 2023 | $4.2B | -8.2% |
| Mar 31, 2024 | $4B | -8.5% |
| Jun 30, 2024 | $4B | -9.3% |
Revenue performance
The quarter's revenue decreased sequentially, continuing a pattern of declines observed in recent periods.
Quarterly comparison
Revenue was lower than in the immediately preceding quarter and significantly lower than in the same quarter one year earlier. The year-over-year decline was larger than the sequential change.
What to watch
Monitor whether the rate of year-over-year revenue contraction accelerates or stabilizes in future filings.