ITV has reported that 2024 group total revenue was down 3 per cent at £4.14 billion (€4.94bn), with growth in total advertising revenue (TAR) offset by the expected decline in ITV Studios revenue. Group external revenue was down 4 per cent at £3,4 billion. Group adjusted EBITA was up 11 per cent in 2024, reflecting […]

ProSiebenSat.1 Group has reported revenue growth of 2 per cent to €3.91 billion in the 2024 financial year (previous year: €3.85 billion). The German broadcaster says the revenue performance was “in line with the forecast for the year and reflects the challenging macroeconomic situation”. While revenues from the linear TV advertising business declined in 2024, […]

The financial news for Eutelsat has been depressing for some time. But March 3rd saw its share price rocket ahead by almost 50 per cent on news that diplomatic problems between President Trump and Ukraine could mean the EU backing Eutelsat’s OneWeb division as a powerful alternate to Elon Musk’s Starlink for satellite services to […]

Sir Richard Branson-backed space tourism business Virgin Galactic has trimmed its losses when compared to a year ago. Most activity at the company is suspended while the passenger-carrying spaceship is being redesigned and manufactured. Revenues for the full year were $7 million, the same as 2023, and related to income from would-be passengers wanting to […]

Charlie Ergen’s EchoStar satellite operation, despite losing subscribers on its Hughes Network Systems subsidiary, seems committed to launching its own Low Earth Orbiting fleet of satellites. EchoStar Corp CEO Hamid Akhavan has spoken in the past that Direct-To-Device connectivity from satellite to consumers is a huge opportunity. Now, in releasing the company’s full-year results, he […]

FuboTV, the sports-first live TV streaming platform, has reported its financial results for Q4 and full year ended December 3st, 2024. The company closed the full year 2024 in North America with record total revenue and paid subscribers, achieved its first quarter of positive free cash flow and improved key profitability metrics by over $100 […]

Italy-based media group MFE-MediaForEurope achieved a net profit of €251 million in 2024, up 15 per cent year-on-year and 60 per cent higher than forecast at the beginning of 2024. According to the preliminary financial results for 2024, EBIT reached €370 million, free cash flow amounted to €343 million (+23 per cent), while revenues increased […]

Warner Bros Discovery (WBD) has reported financial results for the quarter and year ended December 31st 2024. In a letter to shareholders, the company said: “Warner Bros Discovery ended the year stronger and more agile. Nowhere was that progress more prominent than in the success of our Direct-to-Consumer (DTC) segment, where we are on track […]

Paramount Global missed revenue expectations in its Q4 results as a continued decline in its cable TV unit dimmed higher-than-expected subscriber growth for its Paramount+ streaming platform. The company, which is planning to merge with Skydance Media, reported a 5 per cent revenue increase in Q4 2024, reaching $7.98 billion (€7.67bn). However, full-year revenue declined […]

Atresmedia, one of the largest TV groups in Spain and operator of six TV channels, among them Antena 3 and La Sexta, has reported it achieved a record revenue of €1.01 billion in 2024, up 4.8 per cent on the previous year. EBITDA amounted to €177.6 million, an increase of €4.5 million on 2023. The […]