Pay-Tv was EchoStar’s largest segment in fiscal 2025, bringing in $9.70B of $15.00B (65%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pay-Tv | $12.51B | $11.57B | $10.69B | $9.70B | |||||||||||||
| Wireless | $4.18B | $3.69B | $3.59B | $3.80B | |||||||||||||
| Retail Wireless | — | — | — | — | |||||||||||||
| Echostar Technologies Segment | — | — | — | — | |||||||||||||
| Echostar Technologies Business | — | — | — | — | |||||||||||||
| Echo Star Technologies Business | — | — | — | — | |||||||||||||
| Broadband & Satellite Services | $2.00B | $1.76B | $1.58B | $1.46B | |||||||||||||
| Hughes Segment | — | — | — | — | |||||||||||||
| Hughes Business | — | — | — | — | |||||||||||||
| Echostar Satellite Services Segment | — | — | — | — | |||||||||||||
| Echostar Satellite Services Business | — | — | — | — | |||||||||||||
| Echo Star Satellite Services Business | — | — | — | — | |||||||||||||
| Satellite Services Business | — | — | — | — | |||||||||||||
| Other | — | $91.93M | $156.70M | $294.82M | |||||||||||||
| 5G Network Deployment | — | — | — | — | |||||||||||||
| All Other Segments | — | — | — | — | |||||||||||||
| All Other & Eliminations | — | — | — | — | |||||||||||||
| Corporate & Other | — | — | — | — | |||||||||||||
| All Other Segments & Eliminations | — | — | — | — | |||||||||||||
| Eliminations | — | — | — | — | |||||||||||||
| Intersegment Eliminations | — | -$95.42M | -$189.38M | -$242.04M | |||||||||||||
| Intersegment Elimination | — | — | — | — | |||||||||||||
| Total | $18.68B | $17.02B | $15.83B | $15.00B |
EchoStar brought in $15.00B from its five segments in fiscal 2025, the year ended December 31, 2025. That was down 5.2% from $15.83B in fiscal 2024. Pay-Tv was the largest at $9.70B (64.6%), ahead of Wireless at $3.80B (25.3%) and Broadband & Satellite Services at $1.46B (9.7%). The remaining segment, Other, brought in $294.82M.
Compared with fiscal 2024, Wireless grew fastest, up 5.6% to $3.80B, while Pay-Tv fell the most, down 9.2% to $9.70B.
EchoStar began breaking out Other in fiscal 2023 and Intersegment Eliminations in fiscal 2023. The total is net of Intersegment Eliminations, which took $242.04M off revenue in fiscal 2025.
North America was EchoStar’s largest region in fiscal 2025, bringing in $14.72B of $15.00B (98%).
| Geography | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | $18.24B | $16.67B | $15.51B | $14.72B | |||||||||||||
| United States | — | — | — | — | |||||||||||||
| Us | — | — | — | — | |||||||||||||
| Foreign | $389.83M | $345.22M | $316.75M | $287.75M | |||||||||||||
| Segment Geographical Groups Of Countries Group One | — | — | — | — | |||||||||||||
| Canada & Mexico | — | — | — | — | |||||||||||||
| North America Other Than Us | — | — | — | — | |||||||||||||
| Other | — | — | — | — | |||||||||||||
| All Other | — | — | — | — | |||||||||||||
| All Other Geographic Segments | — | — | — | — | |||||||||||||
| South & Central America | — | — | — | — | |||||||||||||
| Segment Reconciling Items | — | — | — | — | |||||||||||||
| All Other Segments & Eliminations | — | — | — | — | |||||||||||||
| Intersegment Elimination | — | — | — | — | |||||||||||||
| Total | $18.63B | $17.02B | $15.83B | $15.00B |
EchoStar brought in $15.00B from its two regions in fiscal 2025, the year ended December 31, 2025. That was down 5.2% from $15.83B in fiscal 2024. North America was the largest at $14.72B (98.1%), ahead of Foreign at $287.75M (1.9%).
From fiscal 2022 to 2025, combined revenue from these regions fell from $18.63B to $15.00B, a compound annual decline of 7.0%. North America's share held steady at about 98.1%.
Pay-Tv Subscriber & Related Revenue was EchoStar’s largest revenue line in fiscal 2025, bringing in $9.64B of $15.00B (64%).
| Customer | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pay-Tv Subscriber & Related Revenue | — | $11.39B | $10.61B | $9.64B | |||||||||
| Wireless Services & Related Revenue | — | $3.34B | $3.16B | $3.32B | |||||||||
| Broadband & Satellite Services And Other Revenue | $1.61B | $1.44B | $1.20B | $1.08B | |||||||||
| Dish Network | — | — | — | — | |||||||||
| Dishnetwork | — | — | — | — | |||||||||
| All Other | — | — | — | — | |||||||||
| Other Major Customers | — | — | — | — | |||||||||
| Equipment Sales & Other Revenue | $387.02M | $944.20M | $1.04B | $1.21B | |||||||||
| Bell Tv | — | — | — | — | |||||||||
| All Other Segments & Eliminations | — | — | — | — | |||||||||
| Intersegment Eliminations | — | -$95.42M | -$189.38M | -$242.04M | |||||||||
| Total | $2.00B | $17.02B | $15.83B | $15.00B |
EchoStar brought in $15.00B from its five revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 5.2% from $15.83B in fiscal 2024. Pay-Tv Subscriber & Related Revenue was the largest at $9.64B (64.3%), ahead of Wireless Services & Related Revenue at $3.32B (22.1%) and Equipment Sales & Other Revenue at $1.21B (8.0%). The remaining revenue line, Broadband & Satellite Services And Other Revenue, brought in $1.08B.
Compared with fiscal 2024, Equipment Sales & Other Revenue grew fastest, up 16.1% to $1.21B, while Broadband & Satellite Services And Other Revenue fell the most, down 10.2% to $1.08B.
EchoStar began breaking out Pay-Tv Subscriber & Related Revenue in fiscal 2023, Wireless Services & Related Revenue in fiscal 2023 and Intersegment Eliminations in fiscal 2023. The total is net of Intersegment Eliminations, which took $242.04M off revenue in fiscal 2025.
EchoStar (ECHO) reports its revenue by segment, by geography and by customer. In fiscal 2025, Pay-Tv was its largest segment, bringing in $9.70B (64.6% of the total), followed by Wireless at $3.80B (25.3%).
Pay-Tv was EchoStar's largest segment in fiscal 2025, bringing in $9.70B, or 64.6% of the $15.00B total across its five segments.
North America was EchoStar's largest region in fiscal 2025, bringing in $14.72B, or 98.1% of the $15.00B total across its two regions.
Pay-Tv Subscriber & Related Revenue was EchoStar's largest revenue line in fiscal 2025, bringing in $9.64B, or 64.3% of the $15.00B total across its five revenue lines.
Among EchoStar's segments that make up at least 2% of revenue, Wireless grew fastest in fiscal 2025, up 5.6% from $3.59B to $3.80B.
Every figure comes from EchoStar's annual financial filings, as reported. Each line keeps the name EchoStar gives it, and years follow its fiscal calendar.
EchoStar's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.