EchoStar revenue grew 5.1% over 2021
Consolidated revenue for EchoStar increased 5.1% over 2021, reaching $2.0 billion. Over the fourth quarter, this increase was 1.9% year-over-year, as equipment sales to domestic and international enterprise customers grew, but this was partially offset by decreased service revenues derived from broadband consumers, as broadband subscribers decreased over the fourth quarter. The company also returned to profitability, with a net income of $62.7 million in 2021, after experiencing negative net income over 2020 due to tough operating conditions stemming from the COVID-19 (coronavirus) pandemic
COVID|Balance SheetIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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