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EchoStar Sees Net Loss in Q4

By | February 21, 2019
Eutelsat MSS SES

Echostar antennas. PhotoCredit: EchoStar

EchoStar reported its financial results for both the three and twelve months ended Dec. 31, 2018 in which it saw increased consolidated revenues in Q4 2018, but also a net loss. Total consolidated revenue for Fourth Quarter (Q4) 2018 was $531 million, while total consolidated revenue for the full year 2018 was $2.1 billion.

Consolidated net loss from continuing operations was $112 million in Q4 2018. Diluted loss per share, once adjusted for non-recurring items, was reported at $0.01. For the full year 2018, consolidated net loss from continuing operations was reported at $39 million. Once adjusted for non-recurring items, diluted earnings per share was reported at $0.38.

Additionally, Echostar’s Hughes business finished out 2018 with 1,361,000 Hughes broadband subscribers.