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ECHOSTAR EchoStar Announces Financial Results for the Three and Nine Months Ended September 30 , 2021 November 9 , 2021 ENGLEWOOD , Colo . , Nov. 9 , 2021 / PRNewswire / -- EchoStar Corporation ( NASDAQ : SATS ) today announced its financial results for the three and nine months ended September 30 , 2021 . ECHOSTAR Three Months Ended September 30 , 2021 Financial Highlights : • Consolidated revenue of $ 504.7 million . • Net income of $ 30.2 million , consolidated net income attributable to EchoStar common stock of $ 33.4 million , and basic and diluted earnings per share of $ 0.38 . • Consolidated Adjusted EBITDA of $ 187.0 million ( see discussion and the reconciliation of GAAP to this non - GAAP measure below ) . Nine Months Ended September 30 , 2021 Financial Highlights : • Consolidated revenue of $ 1,487.1 million . • Net income of $ 142.8 million , consolidated net income attributable to EchoStar common stock of $ 149.2 million , and basic and diluted earnings per share of $ 1.64 . • Consolidated Adjusted EBITDA of $ 559.4 million ( see discussion and the reconciliation of GAAP to this non - GAAP measure below ) . " I am pleased with our financial performance in the third quarter of 2021 , " commented Michael Dugan , CEO and President of EchoStar . " We grew revenue , net income , and Adjusted EBITDA from the same period last year by managing all areas of the business prudently . Laying a strategic foundation for the multi - orbit future , we announced agreements with OneWeb to provide satellite connectivity solutions in the US and India and fulfilled the remaining ITU requirements to bring our Sirion - 1 filing into use which is a key milestone in the development of our global S - band capabilities . " Three Months Ended September 30 , 2021 - Additional Information : • Consolidated revenue increased 6.6 % or $ 31.2 million year over year primarily driven by higher equipment sales of $ 25.0 million to our domestic and international enterprise customers . • Adjusted EBITDA increased 12.2 % or $ 20.3 million year over year . o Hughes segment Adjusted EBITDA increased $ 16.5 million year over year . The increase was driven primarily by higher revenue and lower cost of services provided to our consumer customers . • ESS segment Adjusted EBITDA was flat year over year . • Corporate and Other segment Adjusted EBITDA increased $ 3.7 million year over year . • Net income increased $ 6.9 million year over year . The increase was primarily due to higher operating income of $ 25.6 million and lower net interest expense of $ 20.0 million , partially offset by higher income tax expense , net , of $ 16.8 million , unfavorable changes in foreign currency exchange rates of $ 13.3 million , and lower gains on investments , net , of $ 11.3 million . • Total Hughes broadband subscribers were approximately 1,510,000 , declining 32,000 from June 30 , 2021. Subscribers in the US decreased by 24,000 as compared to June 30 , 2021 to approximately 1,120,000 . In the same period , subscribers in Latin America decreased by 8,000 to approximately 390,000 . Similar to the US , our Latin American subscriber base has become capacity constrained in certain areas . While the balancing of total subscribers relative to capacity utilization