Charlie Ergen’s Echostar reported a net pay-TV subscriber drop of approximately 253,000 in the fourth quarter, compared to a decrease of approximately 314,000 in the year-ago period.
The company ended the year 2024 with 7.78 million pay-TV subscribers, including 5.69 million Dish TV subscribers and 2.09 million Sling TV subscribers.
“Overall, we made improvements in all of our lines of business and achieved our plan of ending the year delivering positive free cashflow,” said Hamid Akhavan, CEO and president, EchoStar. “In addition, we had notable developments in our wireless business.”
Fourth-quarter revenue fell to $3.97 billion from $4.16 billion in the same period of 2023. Operating income before depreciation and amortization came in at $397 million, compared with a year-ago loss of $370 million.
Charlie Ergen is Echostar’s executive chairman.