EchoStar subs, shares surge

Loss narrows to $167 mil

HOLLYWOOD — Shares in EchoStar Communications soared Thursday as the satcaster’s first-quarter loss narrowed to $167 million from year-earlier red ink of $185.1 million amid big boosts to its customer base.

Despite a generally sour day on Wall Street, the news about subs for EchoStar’s Dish Network was sweet enough to send shares up $4.63, almost 15%, to $36.93. The stock spiked as much as 17% earlier in the session.

The Littleton, Colo.-based company said Dish has seen a 48% boost in subscriptions since last year’s first quarter, with a total 5.7 million subs by March 31. That helped increase EchoStar revenue 52% to $862 million in the latest quarter.

“EchoStar incurred substantial upfront acquisition costs in connection with continued record subscriber growth,” the company said. “However, operating and net losses narrowed significantly.”

EchoStar’s operating loss narrowed to $15.2 million from year-ago red ink of $142 million.

More TV

  • The Bold Type Meghann Fahy

    'The Bold Type' Boss and Star on 'Normalizing Conversations About Gun Control'

    HOLLYWOOD — Shares in EchoStar Communications soared Thursday as the satcaster’s first-quarter loss narrowed to $167 million from year-earlier red ink of $185.1 million amid big boosts to its customer base. Despite a generally sour day on Wall Street, the news about subs for EchoStar’s Dish Network was sweet enough to send shares up $4.63, […]

  • Streaming Subscribers Overtake Pay-TV Customers for

    Streaming Subscribers Overtake Pay-TV Customers for First Time in the U.K.

    HOLLYWOOD — Shares in EchoStar Communications soared Thursday as the satcaster’s first-quarter loss narrowed to $167 million from year-earlier red ink of $185.1 million amid big boosts to its customer base. Despite a generally sour day on Wall Street, the news about subs for EchoStar’s Dish Network was sweet enough to send shares up $4.63, […]

  • The Fast and the Furious

    TV News Roundup: Paramount Network Sets Paul Walker Documentary Premiere Date

    HOLLYWOOD — Shares in EchoStar Communications soared Thursday as the satcaster’s first-quarter loss narrowed to $167 million from year-earlier red ink of $185.1 million amid big boosts to its customer base. Despite a generally sour day on Wall Street, the news about subs for EchoStar’s Dish Network was sweet enough to send shares up $4.63, […]

  • Elena Kampouris Sacred Lies Facebook Watch

    TV Review: 'Sacred Lies' on Facebook Watch

    HOLLYWOOD — Shares in EchoStar Communications soared Thursday as the satcaster’s first-quarter loss narrowed to $167 million from year-earlier red ink of $185.1 million amid big boosts to its customer base. Despite a generally sour day on Wall Street, the news about subs for EchoStar’s Dish Network was sweet enough to send shares up $4.63, […]

  • 2018 FIFA World Cup

    World Cup Final U.S. Ratings Fall From 2014

    HOLLYWOOD — Shares in EchoStar Communications soared Thursday as the satcaster’s first-quarter loss narrowed to $167 million from year-earlier red ink of $185.1 million amid big boosts to its customer base. Despite a generally sour day on Wall Street, the news about subs for EchoStar’s Dish Network was sweet enough to send shares up $4.63, […]

  • Tales From The Loop

    Amazon Orders Sci-Fi Series 'Tales From the Loop'

    HOLLYWOOD — Shares in EchoStar Communications soared Thursday as the satcaster’s first-quarter loss narrowed to $167 million from year-earlier red ink of $185.1 million amid big boosts to its customer base. Despite a generally sour day on Wall Street, the news about subs for EchoStar’s Dish Network was sweet enough to send shares up $4.63, […]

More From Our Brands

Access exclusive content