EchoStar (ECHO) Revenue — Quarter Ended Sep 30, 2024
Revenue for the current reporting quarter declined relative to both the immediately preceding quarter and the same quarter one year earlier. The sequential decrease was less pronounced than the year-over-year drop.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the current reporting quarter declined relative to both the immediately preceding quarter and the same quarter one year earlier. The sequential decrease was less pronounced than the year-over-year drop.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
-1.6%
Change from the immediately preceding quarter.
Year-over-year
-5.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$16B
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, 2023 | $4.2B | -8.2% |
| Mar 31, 2024 | $4B | -8.5% |
| Jun 30, 2024 | $4B | -9.3% |
| Sep 30, 2024 | $3.9B | -5.3% |
Revenue performance
Revenue continued its downward trajectory, registering a moderate sequential decline compared to the prior quarter. The year-over-year comparison shows a steeper contraction versus the same period a year earlier.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased at a slower rate. Against the same quarter one year ago, the decline was more substantial.
What to watch
The filing context does not provide specific management commentary on the drivers of the revenue change.