Swisscom hs reported Q1 group revenue fell by 1.6 per cent year-on-year to CHF 2.70 billion (€2.76bn), with a marginal decline of 0.5 per cent at constant exchange rates. In the Swiss core business, revenue fell by CHF 52 million or 2.5 per cent to CHF 1,993 million. Revenue from telecommunications services decreased by 2.2 […]
Telenor, the multinational telco headquartered in Norway, reports it showed “good momentum” going into the first quarter with top-line growth in both the Nordics and Asia. “The first quarter was yet another solid quarter for Telenor. We continue to develop security services to protect our customers against digital attacks, and we see that it is […]
Vivendi is still exploring a stock split, as it posted Q1 revenues up significantly. Vivendi posted quarterly revenues of €4.28 billion up 5.4 per cent year-on-year. No earnings were revealed in the unaudited numbers. Canal+ saw revenues grow 4.3 per cent year-on-year to €1.5 billion. International revenues were up 5.8 per cent thanks to subscriber […]
Charter Communications reported higher Q1 profits despite continued cord-cutting. The US telco and mass media company said it lost 72,000 residential and business interest customers, leaving it with 30.5 million. A year ago, the company added 67,000 broadband subscribers. Despite this residential broadband revenue grew 1.9 per cent to $5.8 billion. Cord-cutting accelerated, with Charter […]
US media conglomerate Comcast has reported its Q1 results. Net income rose 0.6 per cent to $3.86 billion (€3.6bn) compared with $3.83 billion a year earlier. EBITDA declined 0.6 per cent to around $9.4 billion. The company’s revenue grew to $30.06 billion, up 1.2 per cent on the same period last year. Comcast reported that […]
Roku, the streaming specialist, has reported that Q1 platform revenue stood at $755 million (€703m), up 19 per cent YoY. Gross profit was at $388 million, up 15 per cent. Streaming households hit 81.6 million, a net increase of 1.6 million from Q4 2023. Streaming hours were at 30.8 billion, up 5.7 billion hours YoY. […]
LG Electronics has announced first-quarter 2024 consolidated revenue of KRW21.09 trillion (€0.014tn) and operating profit of KRW1.33 trillion. The company’s home appliance sector achieved record-breaking revenue and double-digit operating profit margins. The EV components sector, a key driver of future growth, continued its steady expansion. Both the TV and business solutions sectors experienced year-on-year sales […]
United Group (UG), the multi-play telecommunications and media company in Southeastern Europe, has achieved record financial results for the financial year 2023. The group delivered 7 per cent growth in both revenues and EBITDAal to €2.79 billion and €988 million respectively. Adjusting for the impact of the sale of the group’s tower portfolio in August […]
Factual production company Zinc Media Group has announced a record year for revenue and profit, driven by strong organic growth. The company’s financial statements for 2023 show the Group has delivered its best results since 2010. Group revenues hit £40 million (FY22: £30 million) with an EBITDA profit of £1 million (FY22: £0.1 million). Revenue […]
Spotify, the music streaming platform, has announced record profits of over €1 billion, after a year of cost-cutting measures and trimming staff. The Sweden-based company has been growing its user base steadily for years, but its quarterly gross profit came at the expense of missing its forecast for monthly active users. The company has a […]