EchoStar Q1 Pay-TV Subscriber Loss Exceeds Estimates

ECHOSTAR CORP-A lost 366,000 pay-TV subscribers in the first quarter, exceeding the 336,433 loss projected by estimates. The decline follows the company's addition to the S&P 500 in March and ongoing consumer shifts toward streaming. Persistent cord-cutting challenges EchoStar's effort to manage heavy debt through recent restructuring deals.

Revenue Beats Estimates Despite Subscriber Churn