US cable news and media network Fox reported results largely in line with analysts’ expectations in its Q4 numbers, with revenue up 2 per cent year on year, an increase of $60 million (€54.9m), to $3.09 billion. Affiliate fee revenues increased 5 per cent, driven by 9 per cent growth at the Television segment and […]
Gilat Satellite Networks, a specialist in satellite networking technology, solutions and services, has reported its results for the second quarter, ended June 30th 2024. The company reported revenue of $76.6 million (€70.1m), up 13 per cent compared with $67.6 million in Q2 2023. Gilat reported a GAAP operating income of $2.8 million, compared with $5.4 […]
Thaicom has announced its financial results for Q2 2024. The Asian satellite operator reported revenue from sales and services of Baht 638 million (€16.42m) for the quarter, up from Baht 609 million in Q1 2024 (QoQ) and Baht 636 million in Q2 2023 (YoY). This increase was mainly attributed to the revenue from satellite and […]
FuboTV, the sports-first live TV streaming platform, has reported its financial results for Q2. The quarter marked Fubo’s sixth consecutive quarter of year-over-year (YoY) improvement in its global profitability metrics as it prepares to take on Venu Sports. In North America, the company exceeded guidance, ending the second quarter with double digit YoY growth, delivering […]
Xperi, the entertainment technology company and owner of TiVo, has announced its Q2 2024 results for the three-month period ended June 30th. The company reported improved profitability despite a slight revenue decline. Revenue stood at $119.6 million (€109.5m), down from $126.9 million in Q2 2023, whilst GAAP net loss was at $30.3 million versus $38.4 […]
North American pay-radio operator, SiriusXM, is suffering a loss of subscribers which has driven its share price into negative territory. The subscriber loss for its quarter ending June 30th totalled around 173,000 and made up of 100,000 so-called ‘self-pay’ (conventional) subscribers, and 73,000 promotional subscriptions. These were considered major losses but when compared with the […]
Roku, the streaming specialist, has reported its Q2 results with total net revenue at $968 million (€895.4m), up 14 per cent year over year. In a letter to shareholders, the company said: “We delivered solid results in Q2. Roku grew Streaming Households 14 per cent YoY, Streaming Hours 20 per cent YoY, and Platform revenue […]
SES declared its H1 2024 results on August 1st. At first, the banks’ responses seemed content. For example, Sami Kassab, an analyst at BNP/Paribas talked about “in line” revenue growth (-4 per cent), although admitted that SES Video division did a bit worse. But as the day unfolded, it was clear that the market was […]
Satellite operator SES has reported €978 million in H2 revenues, down 0.6 per cent y-o-y. 2024 revenue outlook (of €1.94 billion – €2 billion) remains unchanged. CEO Adel Al-Saleh said that the company’s acquisition of Intelsat is “on track” and remains due to close later next year. “The entry of O3b mPOWER into commercial service […]
Altice USA lost 291,000 video customers year-on-year amid industry-wide cord-cutting and TV viewers shifting online. It shed 72,800 in Q2. The cable operator finished the year with 2.02 million pay–TV subscribers. The company serves around five million residential and business cable customers across 21 US states and through its Optimum brand. To retain video customers, […]