Canadian-based satellite operator Telesat reported consolidated revenue of C$571 million (€370m), a decrease of 19 per cent (C$133 million) compared to the prior year. When adjusted for changes in foreign exchange rates, revenue declined 20 per cent (C$138 million) compared to 2023. The decrease was attributed to rate and capacity reductions by its North American […]

Italian digital infrastructure operator and media content services distributor RaiWay has reported strong 2024 financial results, exceeding expectations. Core revenue increased by 1.5 per cent to €276.1 million, while third-party customer revenue grew by over 5 per cent. In the media distribution segment, revenue grew by 1 per cent to €244.4 million, driven by inflation […]

RTL Group has announced its audited results for the year ended December 31st 2024. Group revenue was stable at €6.25 billion (2023: €6.23 billion). Group revenue was down 1.5 per cent organically compared to 2023, mainly due to content business Fremantle. TV advertising revenue was stable at €2.35 billion (2023: €2.36 billion). After a positive […]

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 […]