ITV has reported that group revenue for the nine months to September 30th 2024 was down 8 per cent at £2.74 billion (€3.29bn) with growth in total advertising revenue (TAR) offset by the decline in ITV Studios revenue. Group external revenue was down 8 per cent at £2.32 billion. Carolyn McCall, ITV Chief Executive, commented: […]
Warner Bros Discovery (WBD) today reported financial results for the quarter ended September 30th 2024. Q3 total revenues stood ar $9.6 billion (€8.9bn), a 3 per cent ex-FX decrease compared to the same period last year. Global DTC subscribers were at 110.5 million at the end of Q3, an increase of 7.2 million subscribers vs […]
Sami Kassab, an equity analyst at investment bank BNP/Paribas, summed up the latest (Q3 and year-to-date) revenue numbers from satellite operator SES and describing them as “solid… and ahead of consensus”. His comments were made despite the ever-declining income from SES’s once-vital Video division. But even in Video there was an improvement (-3 per cent […]
BT has reported H1 2024 revenue of £10.1 billion (€12.1bn), down 3 per cent mainly attributed to challenging conditions in Business, principally driven by non-UK trading in its Global and Portfolio channels. In the rest of the Group, lower CPI benefit and continued competitive markets in Consumer were broadly offset by growth in Openreach due […]
Liberty Media, controlled by billionaire John Malone, has reported its Q3 earnings. The company has split off its holdings in Sirius XM into a new tracking stock, Sirius XM Holdings, which simplifies ownership into a new consolidated public company. Shareholders of Liberty Sirius XM now own approximately 81 per cent of new Sirius, with former […]
Xperi, the entertainment company and owner of TiVo, has announced third quarter 2024 financial results for the three-month period ended September 30th 2024. Revenue stood at $132.9 million (€123.5m), up from $130.4 million on the same period last year. The company ended Q3 with over 2.4 million IPTV subscriber households, continuing the trend of consecutive […]
How did he do that? A question asked many times about Donald Trump, now to be the 47th President of the US, having already been the 45th. It turns out he’s better at politics than business. When that question is asked about him in the business world, it usually relates to how did he lose […]
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 […]