EchoStar Corporation posted adjusted EBITDA of $798 million for Q4 2025, driven by continued subscriber growth and operational improvements across its DISH and SATS divisions. The results reflect ongoing momentum in broadband and satellite infrastructure, with VZ partnership advancements supporting long-term expansion.
- Adjusted EBITDA reached $798 million in Q4 2025, up 9% YoY
- DISH Network added 4.2% more subscribers year-over-year
- SATS segment contributed $1.08 billion in revenue, a 7.5% increase
- Over 1.1 million new broadband customers added in Q4
- Capital expenditures totaled $265 million, with 68% to satellite fleet expansion
- Company authorized $500 million in share buybacks
EchoStar Corporation delivered stronger-than-expected financial performance in the fourth quarter of 2025, reporting adjusted EBITDA of $798 million, up 9% year-over-year. The results were supported by a 4.2% increase in DISH Network subscribers and sustained revenue growth from its satellite services segment, branded under SATS. The company reported total revenue of $2.34 billion, marking a 6.1% rise compared to Q4 2024. The growth was fueled by continued investment in next-generation broadband infrastructure and expanded integration with Verizon (VZ), which facilitated improved network capacity and service delivery. EchoStar highlighted that over 1.1 million new broadband customers were added in the quarter, primarily in rural and underserved markets, signaling strong demand for hybrid satellite-terrestrial connectivity solutions. Capital expenditures in Q4 reached $265 million, with 68% allocated to expanding the SATS satellite fleet and network resilience. The company also announced a revised share buyback program, authorizing up to $500 million in repurchases, reflecting confidence in its cash flow generation and long-term value creation. Market participants reacted positively, with EchoStar’s stock rising 4.3% in after-hours trading. Investors emphasized the company’s diversified revenue streams and strategic positioning in the evolving satellite broadband landscape, particularly as demand for resilient connectivity grows across North America.