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EchoStar Announces Fourth Quarter and Full Year 2015 Results

Englewood, Colo., February 24, 2016—EchoStar Corporation (NASDAQ: SATS) today announced its financial results for the fourth quarter and full year ended December 31, 2015.

Fourth Quarter 2015 Financial Highlights:

  • Consolidated revenues of $791 million.
  • Consolidated EBITDA of $223 million.
  • Consolidated net income attributable to EchoStar common stock of $66.3 million and diluted earnings per share of $0.71.
  • HughesNet subscriber additions of approximately 9,000. Approximately 1,035,000 subscribers as of December 31, 2015.
  • Record enterprise contract awards of $479 million at Hughes.

Full Year Ended December 31, 2015 Financial Highlights:

  • Consolidated revenue of $3.1 billion.
  • Consolidated EBITDA of $865 million.
  • Consolidated net income attributable to EchoStar common stock of $163.7 million and diluted earnings per share of $1.75.
  • Strong liquidity with cash, cash equivalents and current marketable investment securities of $1.54 billion as of December 31, 2015.
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