Hughes Sees Broadband Sub Drop, Revenue Growth in Q1

Hughes ended Q1 with 1.4 million broadband subscribers, down 150,000 year over year, with subscriber numbers in Latin America down due to the economy and capacity allocation to community Wi-Fi and enterprise customers, it said Thursday announcing its quarterly results. Revenue for the quarter was $501.5 million, up $19 million year over year, with higher equipment sales more than offsetting lower service revenue due to the drop in broadband consumer subscribers. It said its Jupiter 3/EchoStar XXIV satellite is expected to be launched in the first quarter of 2023.