EchoStar Reports Fourth Quarter and Year End 2010 Financial Results

ENGLEWOOD, CO — EchoStar Corporation (NASDAQ: SATS) today reported total revenue of $513 million for the quarter ended Dec. 31, 2010, an 8 percent decrease compared with $558 million for the corresponding period in 2009.

EchoStar reported net income of $169 million for the quarter ended Dec. 31, 2010, compared with a net loss of $30 million during the corresponding period in 2009. Basic earnings per share was $1.98 for the quarter ended Dec. 31, 2010, compared with basic loss per share of $0.37 during the corresponding period in 2009.

For the year ended Dec. 31, 2010, EchoStar reported total revenue of $2.35 billion compared with $1.90 billion for the year ended Dec. 31, 2009, an increase of 24 percent. EchoStar’s net income for the year ended Dec. 31, 2010, totaled $204 million, compared with $365 million for the year ended Dec. 31, 2009. The basic earnings per share was $2.40 for the year ended Dec. 31, 2010, compared with basic earnings per share of $4.25 during the corresponding period in 2009.

Detailed financial data and other information are available in EchoStar’s Form 10-K for the annual period ended Dec. 31, 2010, filed today with the Securities and Exchange Commission.

EchoStar will host its fourth quarter and year end 2010 financial results conference call today at 1 p.m. ET. The dial-in number is (877) 500-5931.

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