{"id":63641,"date":"2018-11-08T23:24:14","date_gmt":"2018-11-08T15:24:14","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/echostar-q3-revenues-increase-yet-profits-severely-drop\/"},"modified":"2018-11-08T23:24:14","modified_gmt":"2018-11-08T15:24:14","slug":"echostar-q3-revenues-increase-yet-profits-severely-drop","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/echostar-q3-revenues-increase-yet-profits-severely-drop\/","title":{"rendered":"EchoStar Q3 Revenues Increase, Yet Profits Severely Drop"},"content":{"rendered":"<\/p>\n<p><strong>EchoStar<\/strong> reported its financial results for both the three and nine months ended Sept. 30. Total revenue for Q3 2018 was $533 million, an increase of $51.7 million from the same period in 2017.<\/p>\n<p>Most of Echostar\u2019s revenue growth was from its <strong>Hughes<\/strong> business, as Hughes Q3 2018 revenues were $444.7 million, compared to $380 million from Q3 2017. There were approximately 1,332,000 Hughes broadband subscribers as of&nbsp;Sept. 30. Meanwhile,&nbsp;EchoStar\u2019s Satellite Services business saw a decrease in revenue, as revenues in Q3 2018 were $84 million, compared to the $97 million revenue in Q3 2017.<\/p>\n<p>Although overall revenue increased, Echostar\u2019s net income saw a severe drop. Net income for Q3 2018 was $16.5 million, while net income in Q3 2017 was $35.2 million \u2013 a 53 percent decrease.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EchoStar reported its financial results for both the three and nine months ended Sept. 30. Total revenue for Q3 2018 was $533 million, an increase of $51.7 million from the same period in 2017. Most of Echostar\u2019s revenue growth was from its Hughes business, as Hughes Q3 2018 revenues were $444.7 million, compared to $380 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":61663,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-63641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/63641"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=63641"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/63641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/61663"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=63641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=63641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=63641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}