EchoStar-owned Hughes Network Systems has reported a 3 per cent fall in revenue and a loss of 30,000 broadband subscribers during the first quarter. It now has 853,000 subscribers. But CEO Hamid Akhavan told analysts that while EchoStar was yet to make any announcements its engineering plans were ready but getting the timing right for […]
MBC Group, the MENA media and entertainment conglomerate, has announced its financial results for Q1 2025 reporting a 117.3 per cent YoY increase in net profit to SAR 263.5 million (€63.1m) on revenues of SAR 2 billion, up 65.4 per cent YoY, and yielding a net profit margin expansion of 3.1 percentage points to 12.9 […]
Paramount Global has reported total company revenue decreased 6 per cent to $7.19 billion (€6.39bn) in Q1 2025, which included an 8 percentage point impact from CBS’s broadcast of Super Bowl LVIII in the year ago period. Excluding the Super Bowl comparison, Q1 revenue grew 2 per cent. DTC revenue – bolstered by hit originals, […]
BT has appointed Peter Leukert to the role of Chief Digital Officer, in which he will have responsibility for leading BT’s Digital unit and driving the company’s digital transformation. Leukert is currently Group Chief Information Officer at Deutsche Telekom and will join BT on September 1st and be a member of the Executive Committee, reporting […]
TKO Group Holdings, the US media conglomerate and owner of sports organisations UFC and WWE, as well as media company IMG, has announced financial results for its first quarter ended March 31st 2025. Revenue increased 4 per cent, or $46.4 million (€41.2m), to $1.26 billion. The increase primarily reflected an increase of $74.8 million at […]
Warner Bros Discovery (WBD) has reported total Q1 revenue of $8.98 billion (€7.9bn), a 9 per cent ex-FX decrease compared to the prior year quarter, and below analyst expectations. However, the global streaming segment saw strong growth in the quarter with a net gain of 5.3 million subscribers and 22.6 million net adds year-on-year, bringing […]
London-based Internet Service Provider (ISP) Community Fibre has announced an 82 per cent increase in annual revenue to £76 million in its latest annual filings, reporting earnings before interest, tax, depreciation and amortisation (EBITDA) of £8 million in 2024, marking its first profit. The alternative fibre network (Altnet), backed by private equity firm Warburg Pincus, […]
Xperi, the entertainemnt company and TiVO owner, has announced first quarter 2025 financial results for the period ended March 3st, 2025. Revenue stood at $114 million, down from $118.8 million in the previous quarter. Despite the revenue dip, the company achieved substantial profitability improvements, with Non-GAAP Adjusted EBITDA of $16 million (14 per cent of […]
The Walt Disney Company has reported that Q2 2025 revenue rose by 7 per cent year-on-year to reach $23.6 billion (€20.7bn), beating expectations. The number of subscribers to the company’s Disney+ and Hulu streaming services rose by 2.5 million (combined) from the previous quarter to 180.7 million, while the number of those subscribed to just […]
The good news for Canada-based satellite operator Telesat is that its backlog for its Lightspeed mega-constellation is likely to be worth more than C$1.1 billion (€0.7bn) by the end of this year. The bad news is that the first Lightspeed low Earth orbiting satellite will not be orbited until the end of 2026 and service […]