Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting

Schedule of revenue and operating income by segment

	Pay-TV		Wireless		Eliminations		Consolidated Total
	(In thousands)
For the Three Months Ended March 31, 2025
Revenue
Revenue from external customers:
Service revenue	$	2,524,352	$	809,607	$	—	$	3,333,959
Equipment sales and other revenue		13,465		162,936		—		176,401
Intersegment revenue		910		5		(915)		—
Total Revenue		2,538,727		972,548		(915)		3,510,360
Operating Expenses
Cost of services:
Programming		1,216,422		—		—		1,216,422
Connectivity services (1)		54,134		621,201		(234)		675,101
Other (2)		286,080		144,132		(417)		429,795
Total cost of services		1,556,636		765,333		(651)		2,321,318
Cost of sales - equipment and other		9,672		349,245		—		358,917
Selling, general and administrative expenses:
Subscriber acquisition costs		86,513		190,485		(31)		276,967
Selling, general and administrative expenses		156,033		78,781		(233)		234,581
Total selling, general and administrative expenses		242,546		269,266		(264)		511,548
OIBDA (3)		729,873		(411,296)		—		318,577
Depreciation and amortization		76,443		307,238		—		383,681
Total costs and expenses		1,885,297		1,691,082		(915)		3,575,464
Operating income (loss)	$	653,430	$	(718,534)	$	—		(65,104)
Unallocated Amounts
Interest income								9,801
Interest expense, net of amounts capitalized								(197,255)
Other, net								(480)
Income (loss) before income taxes							$	(253,038)

(1) “Connectivity services” is the cost to deliver our services and products to customers, which includes, among other things, network, transport and data, cloud based service, satellite and transmission, and other related costs.

(2) “Other” primarily consists of variable costs including call center, manufacturing, dealer incentive, bad debt, billing and other variable costs, as well as costs to retain our subscribers.

(3) OIBDA is a non-GAAP measure and does not purport to be an alternative to operating income (loss) as a measure of operating performance. We believe this measure is useful to management, investors and other users of our financial information in evaluating operating profitability of our business segments on a more variable cost basis as it excludes the depreciation and amortization expenses related primarily to capital expenditures and acquisitions for those business segments, as well as in evaluating operating performance in relation to our competitors.

	Pay-TV		Wireless		Eliminations		Consolidated Total
	(In thousands)
For the Three Months Ended March 31, 2024
Revenue
Revenue from external customers:
Service revenue	$	2,701,167	$	804,265	$	—	$	3,505,432
Equipment sales and other revenue		25,297		109,160		—		134,457
Intersegment revenue		114		5		(119)		—
Total Revenue		2,726,578		913,430		(119)		3,639,889
Operating Expenses
Cost of services:
Programming		1,284,830		—		—		1,284,830
Connectivity services		57,197		640,567		(4)		697,760
Other		322,418		122,466		29		444,913
Total cost of services		1,664,445		763,033		25		2,427,503
Cost of sales - equipment and other		16,992		289,542		—		306,534
Selling, general and administrative expenses:
Subscriber acquisition costs		120,753		141,738		(11)		262,480
Selling, general and administrative expenses		168,743		81,896		(320)		250,319
Total selling, general and administrative expenses		289,496		223,634		(331)		512,799
OIBDA		755,645		(362,779)		187		393,053
Depreciation and amortization		85,402		281,672		—		367,074
Total costs and expenses		2,056,335		1,557,881		(306)		3,613,910
Operating income (loss)	$	670,243	$	(644,451)	$	187		25,979
Unallocated Amounts
Interest income								12,653
Interest expense, net of amounts capitalized								(170,635)
Other, net								127,342
Income (loss) before income taxes							$	(4,661)

Schedule of long-lived assets by segment

	Pay-TV		Wireless		Total
	(In thousands)
For the Three Months Ended March 31, 2025
Purchases of property and equipment, net of refunds (including capitalized interest related to regulatory authorizations)	$	62,388	$	290,218	$	352,606
For the Three Months Ended March 31, 2024
Purchases of property and equipment, net of refunds (including capitalized interest related to regulatory authorizations)	$	27,877	$	481,002	$	508,879

Revenue from external customers disaggregated by major revenue source

	For the Three Months Ended
	March 31,
Category:	2025		2024
	(In thousands)
Pay-TV subscriber and related revenue	$	2,524,352	$	2,701,179
Wireless services and related revenue		809,607		804,270
Pay-TV equipment sales and other revenue		14,375		25,399
Wireless equipment sales and other revenue		162,941		109,160
Eliminations		(915)		(119)
Total	$	3,510,360	$	3,639,889