Cisco Systems has forecast a steep drop in revenue. The company said that it expected an 8-10 per cent fall in current-quarter revenue. Cisco reported lower-than-expected revenue for the quarter ended October 26th mainly due to a fall in sales to telecom and cable service providers and in emerging markets. Cisco Chief Financial Officer Frank […]
Viacom said earnings rose in the fourth quarter as revenues rose at its cable networks. Net earnings were $804 million compared to $650 million a year ago. Revenues rose 9 per cent to $3.7 billion. “Viacom’s commitment to creative and operational excellence, and our continued investment in content, delivered an outstanding quarter and strong fiscal […]
Italian commercial broadcaster Mediaset ended the first nine months of 2013 with net revenues of €2.39 billion and EBIT of €109.6 million. The results, approved by the Board of Directors, also show that pay-TV revenues from the Mediaset Premium service rose 7.3 per cent to €410.3 million, compared with €382.4 million in the first nine […]
TalkTalk has shrugged off the football rights war between bigger rivals BSkyB and BT as the telecoms group added 167,000 TV customers in the last three months. “That’s more TV customers than BT, Sky and Virgin put together,” said chief executive Dido Harding. “Not everyone wants to pay a premium for TV sport.” TalkTalk – […]
RTL Group has struck a cautious tone on its outlook, saying it expected a full-year operating profit of more than €1 billion. Previously, RTL had said it expected to achieve EBITA of €1.08 billion, similar to last year’s. Europe’s biggest broadcaster, which is majority-owned by Germany’s Bertelsmann, said third-quarter revenue dropped 2.1 per cent to […]
Dish Network, the second-largest U.S. satellite-television provider, reported Q3 profits that exceeded estimates after luring more customers away from cable companies. Net income was $315 million compared with a loss of $158 million a year earlier, the Colorado-based company said in a statement. Sales rose 2.3 per cent to $3.6 billion, compared with the average […]
Kabel Deutschland, Germany’s largest cable network operator, has released its consolidated financial results for the second quarter ended September 30th 2013. Highlights for the second quarter ended September 30th 2013 include: Premium TV recovery started with 55,000 RGU net adds quarter on quarter, resulting in a total of 2.1 million Premium TV RGUs. Internet & […]
Numericable, France’s largest cable operator, saw its stock rise after it market debut raised about €652.2 million in the country’s biggest initial public offering in four years. The shares climbed as much as 10 per cent to €27.40 and traded at €27.10 in Paris. They were priced at €24.80, at the top of the offer […]
Disney has ended the year on a blockbuster quarter, reporting solid growth in Q4 profit and a stock price that has climbed 35 per cent in 12 months For the quarter ended September 28th, Walt Disney Company reported a profit of $1.39 billion, a 12 per cent increase from $1.24 billion a year earlier. Revenue […]
Satellite operator SES reported a revenue increase of 2.4 per cent in its first nine months to €1.378 million, although profits for the period fell from €456 million to €413 million. The fall in profits was attributed to an increase in taxes paid (of €28 million) as well as continued investment in its O3b high-throughput […]