Eutelsat reported Q1 revenues up 6.5 per cent on the previous year, to €314.4 million, helped by impressive video revenue growth of 9.1 per cent. However, two less important profit centres were less buoyant. Its Data & Value Added segment (which is where Ka-Sat is deployed) grew only 2.5 per cent (although up 43.7 per […]
France Telecom slashed its dividend for this year and 2013 against last year and its own forecast. The problem is a €1 billion hole in cash flow mostly caused by the mobile tariff war with Iliad and SFR. CFO Gervais Pellissier said the French market, which accounts for about half of group revenue, would remain […]
UK commercial network ITV has received some good news in the shape of a Standard & Poors rating (to BB+) helped by what the agency described as “steady and significant improvement at its broadcasting operations and solid performance at its content production business, ITV Studios, we are raising our assessment of its business risk profile […]
On November 6th, Denver-based EchoStar will unveil its Q3 results, but already CEO Charlie Ergen is cautioning investors not to expect too much in the future from EchoStar, especially as far as the company’s investment in wireless spectrum is concerned. EchoStar is awaiting for permission for its sister company Dish to offer internet access to […]
Netflix shares slumped 16 per cent in after-hours trading in the US when it cut its guidance for full-year subscriber growth. Netflix had a full-year target of seven million new subscribers to its US service. It revealed it had added 1.1 million new US streaming subscribers in the third quarter, taking it to 3.3 million […]
The iconic advertising campaign featuring Olympic gold medallists Mo Farah and Usain Bolt helped Virgin Media boost the number of new cable customers. Virgin said it added 39,500 customers in the three months to end-September, compared with 6,300 for the same quarter last year. Revenue was up 2.8 per cent to £1.03 billion (€1.27bn) for […]
Modern Times Group warned the market that its pay-TV margins in the Nordic region would halve next year as a result of increasing competition, and its shares fell more than 20 per cent and wiping SKr4 billion ($610m) from its market value. The company said its Nordic pay-TV margin would fall from 20 per cent […]
As slip-ups go, hitting the button that let out Google’s quarterlies early was expensive – try 9 per cent of the value of one of the world’s most valuable companies. It was a printer’s mistake – how ironic an old world communicator should undermine such a cutting edge outfit. The market was spooked by the […]
News Corp’s majority stake in Sky Deutschland looks as if it is starting to pay off. The past six months have seen Sky-D’s stock price rise from a typical €2 a share to today’s €3.34, and ahead of the broadcaster’s Q3 results announcement due on November 14th. A note to investors from bankers Morgan Stanley […]
Even though BSkyB doesn’t reveal its Q1 results until November 1st (for the period to Sept 30) the market isn’t expecting too many surprises in terms of subscriber growth. Indeed, investment banker Morgan Stanley says it expects a “lacklustre quarter” with potential new subs held back by a summer of free viewing of the London […]