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ECHOSTAR EchoStar Announces Financial Results for the Three and Six Months Ended June 30 , 2021 August 3 , 2021 ENGLEWOOD , Colo . , Aug. 3 , 2021 / PRNewswire / -- EchoStar Corporation ( NASDAQ : SATS ) today announced its financial results for the three and six months ended June 30 , 2021 . ECHOSTAR Three Months Ended June 30 , 2021 Financial Highlights : • Consolidated revenue of $ 499.8 million . • Net income of $ 35.0 million , consolidated net income attributable to EchoStar common stock of $ 37.3 million , and basic and diluted earnings per share of $ 0.41 . • Consolidated Adjusted EBITDA of $ 186.7 million ( see discussion and the reconciliation of GAAP to this non - GAAP measure below ) . Six Months Ended June 30 , 2021 Financial Highlights : • Consolidated revenue of $ 982.4 million . • Net income of $ 112.6 million , consolidated net income attributable to EchoStar common stock of $ 115.8 million , and basic and diluted earnings per share of $ 1.26 and $ 1.25 , respectively . • Consolidated Adjusted EBITDA of $ 372.4 million ( see discussion and the reconciliation of GAAP to this non - GAPP measure below ) . " Our financial performance in the second quarter of 2021 was outstanding - a reflection of the ongoing commitment and drive of the EchoStar team to deliver solutions that connect the world , " commented Michael Dugan , CEO and President of EchoStar . " We remain focused on increasing the yield on our existing assets and operating the business in an efficient manner while also building the ground network and operational processes to place our next satellite , EchoStar XXIV / JUPITER 3 , into service as quickly as possible . We continue to seek opportunities in pursuit of our strategy of being a global connectivity provider . " Three Months Ended June 30 , 2021 - Additional Information : • Consolidated revenue increased 8.8 % or $ 40.4 million year over year primarily driven by higher equipment sales of $ 26.1 million to our domestic and international enterprise customers and higher sales of broadband services of $ 12.4 million to our consumer customers . • Adjusted EBITDA increased 16.0 % or $ 25.8 million year over year . • Hughes segment Adjusted EBITDA increased $ 21.0 million year over year . The increase was driven primarily by growth in revenue and higher Adjusted EBITDA margin . • ESS segment Adjusted EBITDA increased $ 0.7 million year over year . • Corporate and Other segment Adjusted EBITDA increased $ 4.1 million year over year . The increase was primarily due to decreased losses of unconsolidated affiliates , net , and dividends received from certain marketable investment securities . • Net income increased $ 49.9 million to $ 35.0 million . The increase was primarily due to higher operating income of $ 30.5 million and higher gains on investments , net , of $ 36.7 million , partially offset by higher losses in Other , net of $ 12.4 million that included litigation expense , and higher income tax expense , net , of $ 10.3 million . • Total Hughes broadband subscribers are approximately 1,542,000 as of June 30 , 2021. Subscribers in the US decreased by 20,000 to approximately 1,144,000 . In Latin America , subscribers increased by 9,000 to approximately 398,000 . • For the three months ended June 30 , 2021 , approximately 67 % of Hughes segment revenue was attributable to our consumer customers with approximately 33 % attributable to our enterprise customers . • Cash , cash equivalents and current marketable investment securities were $ 1.6 billion as of June 30 , 2021 . • For the three months ended June 30 , 2021 , we purchased 2,374,452 shares of our Class A common stock in open market trades . • Repurchased or paid off the remaining $ 809.5 million of our 7 5 / 8 % bonds which matured on June 15th , 2021 . Set forth below is a table highlighting certain of EchoStar's segment results for the three and six months ended June 30 , 2021 and 2020 ( amounts in thousands ) ( all US GAAP amounts reference results from operations ) : Revenue For the three months ended June 30 , 2021 2020 For the six months ended June 30 , 2021 2020 Hughes $ EchoStar Satellite Services Corporate and Other 492,276 4,283 3,275 $ Total revenue $ 499,834 $ 453,172 4,179 2,115 459,466 $ $ 968,136 8,372 5,908 982,416 $ 911,654 8,831 4,647 $ 925,132