Eircsson has reported that Q3 net sales declined by 4 per cent YoY, with strong growth in market area North America of 55 per cent offset by declines in most other market areas. Reported sales were SEK 61.8 billion (€5.46bn). Adjusted gross income increased to SEK 28.6 billion driven by a strong expansion in Networks […]

MFE-MediaForEurope (MFE) has reported consolidated net revenues of €1.47 billion for the first half of 2024, an annual increase of 7.8 per cent. Net profit soared to €104.7 million, a 20.2 per cent increase from the previous year, while EBIT rose to €136.3 million (+12.7 per cent), of which Italy accounted for €59.9 million (+53.5 […]

Spanish media group Mediapro has reported a profit of €12 million at the end of 2023, versus a loss of €69.4 million one year earlier. The company increased its revenues by 2.2 per cent to €120 million, though still far away though from a pre-pandemic €177 million in 2019. Mediapro, controlled by Chinese Fund Orient […]

STV, the Scottish media group, has reported that total revenue rose by 20 per cent to £90.4 million (€107.2m) in H1 2024 (compared to H1 2023) and adjusted operating profit increased by 33 per cent to £10.6 million.. Studios revenue was up 38 per cent with improved forward order book of £101 million. Broadcast revenue […]

AST SpaceMobile already has five of its BlueBird satellites at Cape Canaveral waiting for launch by SpaceX. They are expected to be launched during the first half of September. It also has 17 of its advanced ‘Block 2’ satellites under construction at its Midland, Texas facility. CEO Abel Avellan told analysts during AST’s Q2 results […]

Cairo-based Nilesat, which broadcasts almost 1,000 channels across the MENA region, has reported higher net profits, up 11.25 per cent to $21.47 million (€19.51m) for the first 6 months of this year, despite overall revenues being squeezed. Nilesat’s numbers were released to the Egyptian Stock Exchange on August 13th. The company’s operating revenue dropped in […]

US satellite operator EchoStar has not had the best of weeks. August 12th saw the company report revenue had fallen by 9.3 per cent and a net loss of $205.6 million (from a profit during the same period last year of $212.7 million). Its share price, already depressed, fell back by 6.1 per cent to […]

“As of July 31st 2024, the Company’s cash and cash equivalents balance was approximately $14.6 million which, without additional funding, will not be sufficient to meet its obligations within the next twelve months from the issuance of this quarterly report.” So said the cautionary note which accompanied Terran’s quarterly trading statement (for the three months […]

Paramount Global’s shares jumped 6 per cent as investors were upbeat at the media group’s streaming business, even as the company joined rival Warner Bros Discovery in writing down the value of its TV assets. Paramount took a Q2 impairment charge of $5.98 billion on its cable networks. Full year revenue dropped 11 per cent […]

RTL Group has reported H1 revenue up 1.8 per cent to €2.9 billion (H1/2023: €2.8 billion), driven by higher TV advertising and streaming revenue. Adjusted EBITA was down slightly to €172 million (H1/2023: €181 million), attributed to higher content investments, whilst total group profit rose 31.1 per cent to €173 million (H1/2023: €132 million). The […]