Donald Trump’s media company reported a net loss of $19.2 million (€17.8m) in the third quarter, due to legal fees and costs tied to its TV streaming deal. As US voters made him President again, Trump Media & Technology Group said the figure includes $12.1 million in legal fees in the quarter, stemming from its […]
Teleste, the Finnish broadband technology provider, has reported that net sales decreased by 15.1 per cent in Q3, amounting to €29.9 million. EBIT stood at 1.3 million, a 160.4 per cent increase on the same quarter last year. The company estimates that total net sales in 2024 will amount to €120–135 million and that the […]
FuboTV, the sports-first live TV streaming platform, has reported its financial results for the third quarter ended September 30th 2024. The company, targeting positive Free Cash Flow in 2025, delivered continued top-line growth and bottom-line improvements, including year-over-year (YoY) improvements in Net Loss of $110.1 million and Adjusted EBITDA (AEBITDA) of $98.8 million for the […]
Charter Communications beat Wall Street estimates with its Q3 results, reporting fewer than expected cord-cutters, sending shares up 16 per cent. The US telco’s budget connection plans – offering high-speed data – have resonated with customers and fuelled significant growth, countering competition from major wireless providers. “We have pricing and packaging that saves customers money […]
Apple has reported financial results for its fiscal 2024 fourth quarter ended September 28th 2024. The company posted quarterly revenue of $94.9 billion (€87.3bn), up 6 per cent year over year, and quarterly diluted earnings per share of $0.97. Diluted earnings per share was $1.64, up 12 per cent year over year when excluding the […]
Comcast is considering a fundamental restructuring of its business, exploring the creation of a separate company for its cable TV networks and potentially seeking partnerships in streaming. This shift comes as it struggles with the ongoing decline of cable TV subscribers while chasing profitability in the increasingly competitive streaming landscape. Comcast is contemplating spinning off […]
Roku, the streaming specialist, has reported total Q3 net revenue of $1.062 billion (€0.98bn), up 16 per cent YoY. Platform revenue was at $908 million, up 15 per cent YoY. Gross profit was $480 million, up 30 per cent YoY. Streaming Households stood at 85.5 million, a net increase of 2 million from Q2 2024. […]
Despite a tough economic background and the success of the Olympic Games on fellow PSB France Télévisions, commercial broadcaster TF1 has reported a rise in its ad revenues over the first nine months of 2024, driven by streaming activities. TF1 Group has posted a consolidated revenue of €1.59 billion for the first nine months, a […]
Samsung Electronics has reported financial results for the third quarter ended September 30th 2024. The South Korean electronics giant posted KRW 79.1 trillion (€0.053tn) in consolidated revenue, an increase of 7 per cent from the previous quarter, on the back of the launch effects of new smartphone models and increased sales of high-end memory products. […]
Swisscom has reported that Q3 group revenue fell slightly by 0.4 per cent to CHF 8,173 million (€8,686m), which translates to a minor increase of 0.3 per cent at constant exchange rates. In the Swiss core business, revenue fell by 1.7 per cent to CHF 5,966 million. Revenue from telecom services decreased by 1.9 per […]