EchoStar Reports Third Quarter 2004 Financial Results; Company's DISH Network Adds 350,000 Net New Subscribers

Business Wire, Nov 9, 2004

ENGLEWOOD, Colo. -- EchoStar Communications Corporation (Nasdaq:DISH) reported that its DISH Network(TM) satellite television service added approximately 350,000 net new subscribers during the third quarter of 2004.

DISH Network had approximately 10.475 million subscribers as of Sept. 30, 2004.

For the quarter ended Sept. 30, 2004, EchoStar reported total revenue of $1.86 billion, a 28 percent increase compared to $1.45 billion for the corresponding period in 2003.

Net income totaled $102 million for the quarter ended Sept. 30, 2004, compared to net income of $35 million during the corresponding period in 2003. Basic earnings per share was $0.22 for the quarter ended Sept. 30, 2004, compared to basic earnings per share of $0.07 during the corresponding period in 2003.

Detailed financial data and other information are available in EchoStar's Form 10-Q for the quarterly period ended Sept. 30, 2004, filed with the Securities and Exchange Commission.

About EchoStar

EchoStar Communications Corporation (Nasdaq:DISH) serves approximately 10.475 million satellite TV customers through its DISH Network(TM), and is a leading U.S. provider of advanced digital television services. DISH Network's services include hundreds of video and audio channels, Interactive TV, HDTV, sports and international programming, together with professional installation and 24-hour customer service. EchoStar has been a leader for 24 years in satellite TV equipment sales and support worldwide. EchoStar is included in the Nasdaq-100 Index (NDX) and is a Fortune 500 company. Visit EchoStar's Web site at (www.echostar.com) or call 1-800-333-DISH (3474).

EchoStar will host its Third Quarter 2004 earnings conference call today at noon ET. The call will be broadcast live from EchoStar's website, www.echostar.com. The dial-in number is 800-616-6729. To access the webcast of this event, go to www.echostar.com, then select "Investor Relations." A replay of the conference call will not be made available.