Hughes Financial Corner
 
Hughes Communications, Inc. announced record results for the third quarter 2008.

Snapshot of Third Quarter 2008 Financial Results

  • Revenues increased by 16% over the third quarter of 2007 to $272 million
  • Adjusted EBITDA increased to $39 million for a growth of 15% over the third quarter of 2007
  • All business segments recorded double-digit revenue growth
  • New consumer activations grew by 19% over the third quarter of 2007
  • Consumer services revenue increased by 20% over the third quarter of 2007
  • International VSAT segment revenue grew by 22% over the third quarter of 2007

Selected Third Quarter Highlights

  • Announced the availability of HughesNet® Business Internet service plans, the fastest satellite Internet plans ever offered, bringing affordable, reliable, and high-performance broadband access to small and mid-sized businesses (SMBs), with speeds up to 5Mbps on the downlink.
  • Introduced an equipment rental option that reduces HughesNet upfront fees by 75% and enables consumers to enjoy the convenience and speed of a HughesNet service plan without having to purchase equipment.
  • Announced the availability of HughesNet Broadband Backup service plans, the newest offerings for SMBs, which provide automatic satellite backup in the event of a landline failure.
  • Received several awards during the third quarter of 2008, including Euroconsult’s 2008 award as Broadband Satellite Operator of the Year, Deloitte & Touche’s Maryland Fast 50 award, and Maryland’s Exceptional 53 award.
  • Announced that America’s Emergency Network, Inc. (AEN), a satellite-based emergency communications system powered by the nationwide HughesNet broadband satellite service, has been successfully streaming real-time news briefings from numerous Florida state and local operations centers since the onset of the hurricane season.

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