| Schedule of revenue, expense, operating income (loss) and OIBDA by segment and purchases of property and equipment, net of refunds |
| | | | | | | | | | | | | | | | | | Pay-TV | | Wireless | | Broadband and Satellite Services | | Eliminations | | Consolidated Total | | | | (In thousands) | For the Three Months Ended September 30, 2025 | | | | | | | | | | | | | | | | Revenue | | | | | | | | | | | | | | | | Revenue from external customers: | | | | | | | | | | | | | | | | Service revenue | | $ | 2,326,126 | | $ | 836,165 | | $ | 265,656 | | $ | — | | $ | 3,427,947 | Equipment sales and other revenue | | | 13,449 | | | 102,401 | | | 70,461 | | | — | | | 186,311 | Intersegment revenue | | | 1,608 | | | 380 | | | 9,703 | | | (11,691) | | | — | Total revenue | | | 2,341,183 | | | 938,946 | | | 345,820 | | | (11,691) | | | 3,614,258 | | | | | | | | | | | | | | | | | Operating Expenses | | | | | | | | | | | | | | | | Cost of services: | | | | | | | | | | | | | | | | Programming | | | 1,126,925 | | | — | | | — | | | — | | | 1,126,925 | Connectivity services (1) | | | 49,736 | | | 616,788 | | | 49,897 | | | (2,213) | | | 714,208 | Other (2) | | | 288,433 | | | 173,949 | | | 65,274 | | | 1,574 | | | 529,230 | Total cost of services | | | 1,465,094 | | | 790,737 | | | 115,171 | | | (639) | | | 2,370,363 | Cost of sales - equipment and other | | | 8,478 | | | 315,241 | | | 67,953 | | | (148) | | | 391,524 | Selling, general and administrative expenses: | | | | | | | | | | | | | | | | Subscriber acquisition costs | | | 103,864 | | | 188,790 | | | 43,904 | | | (4,892) | | | 331,666 | Selling, general and administrative expenses | | | 153,310 | | | 98,718 | | | 44,265 | | | (6,472) | | | 289,821 | Total selling, general and administrative expenses | | | 257,174 | | | 287,508 | | | 88,169 | | | (11,364) | | | 621,487 | Impairments and other | | | — | | | 16,199,344 | | | 282,124 | | | — | | | 16,481,468 | | | | | | | | | | | | | | | | | OIBDA (3) | | | 610,437 | | | (16,653,884) | | | (207,597) | | | 460 | | | (16,250,584) | | | | | | | | | | | | | | | | | Depreciation and amortization | | | 61,049 | | | 229,615 | | | 100,730 | | | (103) | | | 391,291 | Total costs and expenses | | | 1,791,795 | | | 17,822,445 | | | 654,147 | | | (12,254) | | | 20,256,133 | | | | | | | | | | | | | | | | | Operating income (loss) | | $ | 549,388 | | $ | (16,883,499) | | $ | (308,327) | | $ | 563 | | | (16,641,875) | | | | | | | | | | | | | | | | | Unallocated Amounts | | | | | | | | | | | | | | | | Interest income | | | | | | | | | | | | | | | 53,187 | Interest expense, net of amounts capitalized | | | | | | | | | | | | | | | (377,072) | Other, net | | | | | | | | | | | | | | | 28,953 | Income (loss) before income taxes | | | | | | | | | | | | | | $ | (16,936,807) |
| (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 | | Broadband and Satellite Services | | Eliminations | | Consolidated Total | | | | (In thousands) | For the Three Months Ended September 30, 2024 | | | | | | | | | | | | | | | | Revenue | | | | | | | | | | | | | | | | Revenue from external customers: | | | | | | | | | | | | | | | | Service revenue | | $ | 2,600,405 | | $ | 778,737 | | $ | 292,532 | | $ | — | | $ | 3,671,674 | Equipment sales and other revenue | | | 14,677 | | | 118,057 | | | 86,576 | | | — | | | 219,310 | Intersegment revenue | | | 2,949 | | | 1,602 | | | 7,601 | | | (12,152) | | | — | Total revenue | | | 2,618,031 | | | 898,396 | | | 386,709 | | | (12,152) | | | 3,890,984 | | | | | | | | | | | | | | | | | Operating Expenses | | | | | | | | | | | | | | | | Cost of services: | | | | | | | | | | | | | | | | Programming | | | 1,265,883 | | | — | | | — | | | — | | | 1,265,883 | Connectivity services | | | 53,820 | | | 638,094 | | | 51,570 | | | (2,792) | | | 740,692 | Other | | | 319,302 | | | 140,058 | | | 74,400 | | | (2,186) | | | 531,574 | Total cost of services | | | 1,639,005 | | | 778,152 | | | 125,970 | | | (4,978) | | | 2,538,149 | Cost of sales - equipment and other | | | 19,243 | | | 300,321 | | | 74,397 | | | (937) | | | 393,024 | Selling, general and administrative expenses: | | | | | | | | | | | | | | | | Subscriber acquisition costs | | | 110,697 | | | 178,073 | | | 48,920 | | | (547) | | | 337,143 | Selling, general and administrative expenses | | | 173,083 | | | 79,210 | | | 59,896 | | | (6,188) | | | 306,001 | Total selling, general and administrative expenses | | | 283,780 | | | 257,283 | | | 108,816 | | | (6,735) | | | 643,144 | Impairments and other | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | OIBDA | | | 676,003 | | | (437,360) | | | 77,526 | | | 498 | | | 316,667 | | | | | | | | | | | | | | | | | Depreciation and amortization | | | 87,502 | | | 276,702 | | | 113,642 | | | (412) | | | 477,434 | Total costs and expenses | | | 2,029,530 | | | 1,612,458 | | | 422,825 | | | (13,062) | | | 4,051,751 | | | | | | | | | | | | | | | | | Operating income (loss) | | $ | 588,501 | | $ | (714,062) | | $ | (36,116) | | $ | 910 | | | (160,767) | | | | | | | | | | | | | | | | | Unallocated Amounts | | | | | | | | | | | | | | | | Interest income | | | | | | | | | | | | | | | 11,200 | Interest expense, net of amounts capitalized | | | | | | | | | | | | | | | (81,503) | Other, net | | | | | | | | | | | | | | | 52,107 | Income (loss) before income taxes | | | | | | | | | | | | | | $ | (178,963) |
| | | | | | | | | | | | | | | | | | Pay-TV | | Wireless | | Broadband and Satellite Services | | Eliminations | | Consolidated Total | | | | (In thousands) | For the Nine Months Ended September 30, 2025 | | | | | | | | | | | | | | | | Revenue | | | | | | | | | | | | | | | | Revenue from external customers: | | | | | | | | | | | | | | | | Service revenue | | $ | 7,292,529 | | $ | 2,469,493 | | $ | 812,188 | | $ | — | | $ | 10,574,210 | Equipment sales and other revenue | | | 40,042 | | | 375,172 | | | 219,551 | | | — | | | 634,765 | Intersegment revenue | | | 9,588 | | | 1,687 | | | 24,519 | | | (35,794) | | | — | Total revenue | | | 7,342,159 | | | 2,846,352 | | | 1,056,258 | | | (35,794) | | | 11,208,975 | | | | | | | | | | | | | | | | | Operating Expenses | | | | | | | | | | | | | | | | Cost of services: | | | | | | | | | | | | | | | | Programming | | | 3,523,334 | | | — | | | — | | | — | | | 3,523,334 | Connectivity services | | | 156,522 | | | 1,875,536 | | | 149,236 | | | (6,711) | | | 2,174,583 | Other | | | 890,845 | | | 482,582 | | | 194,292 | | | (1,444) | | | 1,566,275 | Total cost of services | | | 4,570,701 | | | 2,358,118 | | | 343,528 | | | (8,155) | | | 7,264,192 | Cost of sales - equipment and other | | | 27,596 | | | 946,531 | | | 213,238 | | | (2,146) | | | 1,185,219 | Selling, general and administrative expenses: | | | | | | | | | | | | | | | | Subscriber acquisition costs | | | 277,983 | | | 584,085 | | | 135,260 | | | (7,170) | | | 990,158 | Selling, general and administrative expenses | | | 462,192 | | | 279,202 | | | 136,303 | | | (19,023) | | | 858,674 | Total selling, general and administrative expenses | | | 740,175 | | | 863,287 | | | 271,563 | | | (26,193) | | | 1,848,832 | Impairments and other | | | — | | | 16,199,344 | | | 282,124 | | | — | | | 16,481,468 | | | | | | | | | | | | | | | | | OIBDA | | | 2,003,687 | | | (17,520,928) | | | (54,195) | | | 700 | | | (15,570,736) | | | | | | | | | | | | | | | | | Depreciation and amortization | | | 205,317 | | | 857,821 | | | 310,065 | | | (524) | | | 1,372,679 | Total costs and expenses | | | 5,543,789 | | | 21,225,101 | | | 1,420,518 | | | (37,018) | | | 28,152,390 | | | | | | | | | | | | | | | | | Operating income (loss) | | $ | 1,798,370 | | $ | (18,378,749) | | $ | (364,260) | | $ | 1,224 | | | (16,943,415) | | | | | | | | | | | | | | | | | Unallocated Amounts | | | | | | | | | | | | | | | | Interest income | | | | | | | | | | | | | | | 184,085 | Interest expense, net of amounts capitalized | | | | | | | | | | | | | | | (942,359) | Other, net | | | | | | | | | | | | | | | 105,480 | Income (loss) before income taxes | | | | | | | | | | | | | | $ | (17,596,209) |
| | | | | | | | | | | | | | | | | | Pay-TV | | Wireless | | Broadband and Satellite Services | | Eliminations | | Consolidated Total | | | | (In thousands) | For the Nine Months Ended September 30, 2024 | | | | | | | | | | | | | | | | Revenue | | | | | | | | | | | | | | | | Revenue from external customers: | | | | | | | | | | | | | | | | Service revenue | | $ | 7,956,510 | | $ | 2,368,138 | | $ | 908,781 | | $ | — | | $ | 11,233,429 | Equipment sales and other revenue | | | 56,917 | | | 335,060 | | | 233,172 | | | — | | | 625,149 | Intersegment revenue | | | 7,466 | | | 1,932 | | | 21,353 | | | (30,751) | | | — | Total revenue | | | 8,020,893 | | | 2,705,130 | | | 1,163,306 | | | (30,751) | | | 11,858,578 | | | | | | | | | | | | | | | | | Operating Expenses | | | | | | | | | | | | | | | | Cost of services: | | | | | | | | | | | | | | | | Programming | | | 3,809,755 | | | — | | | — | | | — | | | 3,809,755 | Connectivity services | | | 165,521 | | | 1,899,591 | | | 153,688 | | | (5,749) | | | 2,213,051 | Other | | | 966,857 | | | 388,173 | | | 228,712 | | | (3,739) | | | 1,580,003 | Total cost of services | | | 4,942,133 | | | 2,287,764 | | | 382,400 | | | (9,488) | | | 7,602,809 | Cost of sales - equipment and other | | | 54,072 | | | 902,846 | | | 209,440 | | | (2,158) | | | 1,164,200 | Selling, general and administrative expenses: | | | | | | | | | | | | | | | | Subscriber acquisition costs | | | 334,085 | | | 467,119 | | | 151,044 | | | (1,906) | | | 950,342 | Selling, general and administrative expenses | | | 506,089 | | | 242,696 | | | 181,217 | | | (17,754) | | | 912,248 | Total selling, general and administrative expenses | | | 840,174 | | | 709,815 | | | 332,261 | | | (19,660) | | | 1,862,590 | Impairments and other | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | OIBDA | | | 2,184,514 | | | (1,195,295) | | | 239,205 | | | 555 | | | 1,228,979 | | | | | | | | | | | | | | | | | Depreciation and amortization | | | 258,153 | | | 864,237 | | | 349,461 | | | (1,492) | | | 1,470,359 | Total costs and expenses | | | 6,094,532 | | | 4,764,662 | | | 1,273,562 | | | (32,798) | | | 12,099,958 | | | | | | | | | | | | | | | | | Operating income (loss) | | $ | 1,926,361 | | $ | (2,059,532) | | $ | (110,256) | | $ | 2,047 | | | (241,380) | | | | | | | | | | | | | | | | | Unallocated Amounts | | | | | | | | | | | | | | | | Interest income | | | | | | | | | | | | | | | 55,591 | Interest expense, net of amounts capitalized | | | | | | | | | | | | | | | (262,077) | Other, net | | | | | | | | | | | | | | | (65,501) | Income (loss) before income taxes | | | | | | | | | | | | | | $ | (513,367) |
| | | | | | | | | | | | | | | Pay-TV | | Wireless | | Broadband and Satellite Services | | Total | | | | (In thousands) | For the Three Months Ended September 30, 2025 | | | | | | | | | | | | | Purchases of property and equipment, net of refunds, (including capitalized interest related to regulatory authorizations) | | $ | 98,553 | | $ | 214,671 | | $ | 45,334 | | $ | 358,558 | | | | | | | | | | | | | | For the Three Months Ended September 30, 2024 | | | | | | | | | | | | | Purchases of property and equipment, net of refunds, (including capitalized interest related to regulatory authorizations) | | $ | 53,357 | | $ | 396,596 | | $ | 44,913 | | $ | 494,866 |
| | | | | | | | | | | | | | | Pay-TV | | Wireless | | Broadband and Satellite Services | | Total | | | | (In thousands) | For the Nine Months Ended September 30, 2025 | | | | | | | | | | | | | Purchases of property and equipment, net of refunds, (including capitalized interest related to regulatory authorizations) | | $ | 239,521 | | $ | 1,123,867 | | $ | 120,555 | | $ | 1,483,943 | | | | | | | | | | | | | | For the Nine Months Ended September 30, 2024 | | | | | | | | | | | | | Purchases of property and equipment, net of refunds, (including capitalized interest related to regulatory authorizations) | | $ | 165,275 | | $ | 1,506,237 | | $ | 172,083 | | $ | 1,843,595 |
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