EchoStar Corporation Stock Price: Quote, Forecast, Splits & News (SATS)

Perplexity Finance

SATS

EchoStar Corporation

SATS

NASDAQ

Market Closed

Thursday, May 22, 2025

$21.14

-$1.02

4.6%

At close: May 21, 4:00:00 PM EDT

$21.14

$0.00

After hours: 5:07:30 PM EDT

Change

-$1.02

4.6%

Financial Profile

Prev Close

$22.16

Market Cap

$6.08B

Day Range

$21.10 - $21.95

Open

$21.86

P/E Ratio

-28.2

52W Range

$14.79 - $32.48

24H Volume

$34.19M

Dividend Yield

0.00%

EPS

-0.75

Earnings

Report Date

May 9, 2025

Reported Revenue

3.9B

Beat +0.74%

Avg 1d Change

8.93%

Report Period

Q1 2025

Reported EPS

-0.71

Beat +21.11%

Implied Move 1d

8.93%

Transcript

17m 36s

I'll do that. Good morning, everyone, and thank you for joining this q and a session. And as Steven said, this will be focused on q one. We're leaving behind us a strong Q1, We have delivered the member growth of 24,000 in the quarter. Which is the highest member growth we have had in the first quarter ever in SATS. This is compared to a growth first quarter last year of 5,000. Bringing the member base to 757,000. Also with underlying, then ARTEM increase of 6% in in in the quarter. We also see continuous strong activity levels in our clubs. Visits grew grew by 7% to 14,100,000 visits in the quarter. And this is also driven by continued good development in our group training, offering and also visits. Total visits on group training grew by 16% in the quarter. And the sum of all of this is a solid financial delivery where we increased EBIT by 38% in the quarter. And and we also communicated during the q one presentation this morning that we will according to our dividend policy, which is to distribute minimum 50% of net profit in a combination of dividends and share buybacks, We will distribute 50% dividend based on the first half twenty twenty five result, on top of the already executed and upcoming share buybacks.

19m 13s

Which will in total mean that we are distributing well above our stated minimum level of 50%. So that was the key messages we had during the q one, presentation, this this morning. So by that, we leave it up for questions. Thank you for taking my question.

19m 49s

I'm just wondering about the development in other OpEx are stating in the pre call transcript that the celebration cost related to to the event this year is mostly in line with last year's SATS festival. Should they think of the development year over year here as marketing higher marketing, all all the delta is related to marketing? And how should we think about the marketing spend year over year going forward? Thank you. Yes, we have additional marketing push in the quarter supporting the strong growth that we see in the memberships. So yes, you're right, the related to the celebration and the festival we have last year, because this is more or less the same. But on top of that, we have the additional celebration cost, if you can call it that. So the underlying cost base is is not elevated anymore than the additional cost that we have added on top related to the group training and and and housing the product offering. So the underlying risk space is is as expected.

21m 2s

Thanks. And the other q one questions from the audience?

21m 28s

Quite good this morning. That's fine. You If there are no more questions, it doesn't seem to be so. Then I guess the numbers are are clear and understood, which is great. [indiscernible] Hello. Hello. Firstly, so so the on the cost base again, the the the underlying is as expected, but some additional cost due to marketing in this quarter and also due to to higher [indiscernible] Since there there there's a big deviation in this score, on the cost base versus where it comes as explanations, you have a big positive deviation when it comes to customer growth. That will give a a good kind of earnings contribution come for for the coming course, but but it it in this quarter, it's kind of it's it's hampered by these costs [indiscernible] You have Comodel. Can you little bit help us again what this kind of the the elevated level going forward? And what should be assumed as some some extra marketing push I think it's quite quite some some questions in the market re related to the the cost base. I think when you look at the total cost base, you have to exclude the direct cost. But because direct cost is tightly linked to the other revenues that we have.

23m 5s

So if you look at the the pure cost without direct cost, the increase is lower. And the increase is driven partially by the additional marketing push that supports the sale, And then we have added classes to the schedule, and that kind of cost will continue we go forward. It's an investments that we do investment that we do today in order to fuel future growth. So that part of the cost base, you should expect. But what we have said over several quarters is that we expect other costs to develop in line with inflation. Of course, there will always be some seasonal variance, but if you look on a rolling 12 perspective, that still that still holds. So the celebration that we have, this thirty year celebration, has driven some costs. And, of course, the product offering drives cost, but that's positive cost that will drive future growth.

24m 5s

Thank you. And if we is it possible to quantify the kind of extra marketing extra celebration, and so on. Or or so with that, we we get kind of the cost price base right from here?

24m 24s

Yeah. So the additional costs is around 10,000,000, excluding the the cost related to the celebration internally, which we also had year, so that's sort of neutral. And then we say that we have included we have increased 17,000 classes and that's that drives around 10,000,000 in in additional cost in the quarter.

24m 47s

There's a 6% increase year over year in, Club OpEx. Which is, as as followed from the reporting. With the underlying inflation and then, the investment in in the group training as, as we indicate here. It's I think it's pretty much according to guidance. Thank you. Yes. Good morning. You show an increase in overhead of about 9%.

25m 30s

Could you explain a little bit what lies in that? Is the marketing in that?

25m 34s

No. That's not there's no marketing in that post. Partially, that increase is linked to the share investment program that we have in the first quarters on some additional costs related to that. But other than that, there are no other than seasonal variance with some additional internal coursing, It's it's the cost for overheads is at the level that we expect going going forward. But the increase compared to last year seems high, but it's it's mostly related to some additional cost from the share purchase program.

26m 18s

Maybe you could clarify a bit regarding the customer growth that was very strong in q one. But you had a comment that that we shouldn't expect the same kind of growth going forward. This can be interpreted in different ways It could also be that for the remainder of the year, you will have some quarters down. You'll have sort of up, you should expect kind of the same growth from quarter to quarter as last year. The one interpretation. There could also be although interpretation is creating some some confusion there. What you do you really mean by this comment that, yes, strong growth in terms of customers in q one, but don't expect it to continue at that level.

27m 5s

Yeah.

27m 6s

The first quarter showed a very strong net growth compared to last year. We grew with 24,000 members compared to 5,000 last year. And it's it's partially due to the additional market increase and and higher than normal sales, and also that we see that churn was lower after the price adjustments that we did in the quarter. So what we're trying to say is that the increase going from 5,000 growth in the first quarter to 24,000 in this quarter That increase compared to last year. We do not expect to see the coming quarters. We expect the coming quarters to develop as normal, [indiscernible] Of course, we we expect growth, but but not to the extent that we saw in the first quarter, which is unusually high. Thanks. A good clarification.

28m 3s

So just to clarify that again, So what we what you're saying is that the quarter on quarter growth here will be about normal. Right? The quarter on quarter growth, the numbers, you expect it to be quite normal going forward, right?

28m 17s

Yes. Correct.

28m 18s

Okay. Thanks. [indiscernible] Any further questions? Then we will round up. And we hope to see you again in the CMD presentation. Which is starting at 10:30 either physically at Hotel Groupmental or the webcast. Thank you. Thank you. Bye. [indiscernible] Yeah. [indiscernible] [indiscernible] [indiscernible] Don't don't that on the books.

Key Insights

SATS delivered record Q1 member growth of 24,000, bringing the total member base to 757,000, compared to 5,000 growth in Q1 last year.
Underlying Average Revenue per Member (ARTEM) increased by 6% in the quarter; total club visits grew by 7% to 14.1 million, with group training visits up 16%.
EBIT increased by 38% in the quarter, reflecting strong financial performance; the company will distribute at least 50% of net profit as dividends and share buybacks, exceeding its minimum policy.
Additional costs in Q1 were driven by a marketing push and increased group training classes (17,000 more classes, ~NOK 10 million extra cost), with underlying cost base otherwise in line with expectations and inflation.
Management does not expect the exceptionally high Q1 member growth to continue in subsequent quarters; future quarter-on-quarter growth is expected to return to normal levels.

Recent Transcripts

Wireless net adds rebounded, offsetting Pay TV declines; focus on profitable growth and cash flow.

Q1 delivered record member growth and strong EBIT, but cost increases will moderate future gains.

EBIT up 38% on 8% revenue growth; shareholder distributions exceed 50% of net profit.

EchoStar delivered positive operating free cash flow and improved capital structure post-DISH merger.

Q4 delivered strong financials with 7% revenue and 87% EBIT growth, plus deleveraging.

Q4 delivered strong revenue and profit growth, enabling share buybacks and robust 2025 outlook.

Income Statement

Revenue

	2020	2021	2022	2023	2024
Revenue	$1.9B	$2B	$2B	$17B	$16B
Cost of Revenue	$744M	$784M	$862M	$12B	$10B
Gross Profit	$1.1B	$1.2B	$1.1B	$5.1B	$5.7B
Gross Profit %	61%	61%	57%	30%	36%
R&D Expenses	$29M	$32M	$33M	$110M	$0

2020

2021

2022

2023

2024

Revenue

$1.9B

$2B

$17B

$16B

Cost of Revenue

$744M

$784M

$862M

$12B

$10B

Gross Profit

$1.1B

$1.2B

$1.1B

$5.1B

$5.7B

Gross Profit %

61%

57%

30%

36%

R&D Expenses

$29M

$32M

$33M

$110M

Cash Flow

Net Income

	2020	2021	2022	2023	2024
Net Income	-$52M	$63M	$167M	-$1.7B	-$125M
Dep. & Amort.	$525M	$491M	$458M	$1.6B	$1.9B
Def. Tax	$18M	$38M	$21M	-$337M	$28M
Stock Comp.	$8.9M	$59M	$83M	$52M	$36M
Chg. in WC	$8.2M	$6.9M	-$79M	$151M	-$230M

2020

2021

2022

2023

2024

Net Income

-$52M

$63M

$167M

-$1.7B

-$125M

Dep. & Amort.

$525M

$491M

$458M

$1.6B

$1.9B

Def. Tax

$18M

$38M

$21M

-$337M

$28M

Stock Comp.

$8.9M

$59M

$83M

$52M

$36M

Chg. in WC

$8.2M

$6.9M

-$79M

$151M

-$230M

Balance Sheet

Cash

	2020	2021	2022	2023	2024
Cash	$896M	$536M	$2.5B	$1.8B	$4.3B
ST Investments	$1.6B	$1B	$1.8B	$623M	$1.2B
Cash & ST Inv.	$2.5B	$1.5B	$4.3B	$2.4B	$5.5B
Receivables	$190M	$199M	$1.2B	$1.1B	$1.2B
Inventory	$98M	$103M	$626M	$665M	$455M

2020

2021

2022

2023

2024

Cash

$896M

$536M

$2.5B

$1.8B

$4.3B

ST Investments

$1.6B

$1B

$1.8B

$623M

$1.2B

Cash & ST Inv.

$2.5B

$1.5B

$4.3B

$2.4B

$5.5B

Receivables

$190M

$199M

$1.2B

$1.1B

$1.2B

Inventory

$98M

$103M

$626M

$665M

$455M

Go Deeper

Financial information provided by Financial Modeling Prep. Options data provided by Unusual Whales. Live transcripts provided by Quartr. Reported revenue and EPS data from Earnings powered by FinChat.io. All data is provided for informational purposes only, and is not intended for trading purposes or financial, investment, tax, legal, accounting or other advice.

Market Cap: $6.1B
IPO Date: 1/2/08
CEO: Mr. Hamid Akhavan-Malayeri
Fulltime Employees: 14K
Sector: Technology
Industry: Communication Equipment
Country: US
Exchange: NASDAQ Global Select

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Watchlist

Earnings

Report Date

May 9, 2025

Reported Revenue

3.9B

Beat +0.74%

Avg 1d Change

8.93%

Report Period

Q1 2025

Reported EPS

-0.71

Beat +21.11%

Implied Move 1d

8.93%

Transcript

17m 36s

19m 13s

19m 49s

21m 2s

Thanks. And the other q one questions from the audience?

21m 28s

23m 5s

24m 5s

Thank you. And if we is it possible to quantify the kind of extra marketing extra celebration, and so on. Or or so with that, we we get kind of the cost price base right from here?

24m 24s

24m 47s

25m 30s

Could you explain a little bit what lies in that? Is the marketing in that?

25m 34s

26m 18s

27m 5s

Yeah.

27m 6s

28m 3s

28m 17s

Yes. Correct.

28m 18s

Key Insights

SATS delivered record Q1 member growth of 24,000, bringing the total member base to 757,000, compared to 5,000 growth in Q1 last year.
Underlying Average Revenue per Member (ARTEM) increased by 6% in the quarter; total club visits grew by 7% to 14.1 million, with group training visits up 16%.
EBIT increased by 38% in the quarter, reflecting strong financial performance; the company will distribute at least 50% of net profit as dividends and share buybacks, exceeding its minimum policy.
Additional costs in Q1 were driven by a marketing push and increased group training classes (17,000 more classes, ~NOK 10 million extra cost), with underlying cost base otherwise in line with expectations and inflation.
Management does not expect the exceptionally high Q1 member growth to continue in subsequent quarters; future quarter-on-quarter growth is expected to return to normal levels.

Earnings

Report Date

Reported Revenue

Avg 1d Change

Report Period

Reported EPS

Implied Move 1d

Transcript

Key Insights

Recent Transcripts

Income Statement

Cash Flow

Balance Sheet

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Related

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Recent Transcripts

Earnings

Report Date

Reported Revenue

Avg 1d Change

Report Period

Reported EPS

Implied Move 1d

Transcript

Key Insights