EchoStar, the Charlie Ergen-owned pay-TV and satellite operator, is struggling. CEO Hamid Akhavan told analysts in the company’s post-results call with analysts that the company has $1.98 billion (€1.84bn) of debt maturing in November 2024, and is forecasting negative cash flows for the remainder of the calendar year. Current trading is not helping. It reported […]

Xperi, the entertainment technology company that owns TiVO, has announced first quarter 2024 financial results for the three-month period ended March 31st 2024. Q1 revenue stood at $118.8 million (€110.2m), down from $126.8 million in Q1 2023. The company ended Q1 2024 with over 2 million video-over-broadband subscriber households, continuing the streak of consecutive quarters […]

ITV has reported that Q1 revenue to March 31st was down 7 per cent YoY at £887 million (€1.03bn), with growth in total advertising revenue (TAR) offset by the decline in ITV Studios revenue. Streaming platform ITVX continued to perform well with 16 per cent growth in streaming hours and 14 per cent growth in […]

Warner Bros Discovery (WBD) has reported results for the quarter ended March 31st. Q1 total revenues were $9.95 billion (€9.27bn). Revenues decreased 7 per cent ex-FX compared to the prior year quarter. Global streaming subscribers were at 99.6 million at the end of Q1, up 2 million on Q4. David Zaslav, President and Chief Executive […]

RTL Group has reported that group revenue was up 2.6 per cent YoY to €1.31 billion, mainly driven by higher TV advertising revenue and streaming revenue at RTL Deutschland, partly offset by lower Fremantle revenue. Group revenue was up 4.1 per cent organically. RTL Group’s total advertising revenue increased by 10.1 per cent YoY to […]

Virgin Galactic unveiled its latest financial report on May 7th for its Q1 trading. The space tourism company, backed by Sir Richard Branson, also told analysts that its next passenger flight would take place on June 8th subject to the usual weather and technical considerations. As for Galactic’s numbers, the California-based operator said it received […]

The Walt Disney Company has reported Q2 revenues increased to $22.1 billion (€20.5bn) from $21.8 billion in the prior-year quarter. Disney’s Entertainment Direct-to-Consumer business was profitable in Q2. While Disney said it was expecting softer Entertainment DTC results in Q3 to be driven by Disney+ Hotstar, it continues to expect its combined streaming businesses to […]

FuboTV, the sports-first live TV streaming platform, has reported its financial results for the first quarter. Fubo says it exceeded expectations in North America, closing Q1 with double digit year-over-year (YoY) growth, delivering 1.511 million paid subscribers, up 18 per cent YoY, and $394 million (€366.6m) in total revenue, up 24 per cent YoY. The […]

Liberty Global has reported tht Q1 revenue increased 4.1 per cent YoY on a reported basis and 1.9 per cent on a rebased basis to $1.94 billion (€1.81bn). Q1 net earnings (loss) increased 173.9 per cent YoY on a reported basis to $527 million. CEO Mike Fries stated: “On our extended fourth quarter results call […]

Virgin Media O2 has reported Q1 revenue of £2.6 billion (-0.5 per cent YoY) – primarily driven by handset revenue decline offsetting mobile service revenue increase and stable fixed line consumer revenue Further highlights include: • Improved service revenue performance across mobile and consumer fixed ahead of price rise implementation, low-margin handset and B2B fixed […]