Orange has reported Q1 group revenues rose 2.1 per cent compared with the first quarter of 2023 (+€201 million) thanks to growth in retail services (+3.2 per cent or +€232 million ) and a smaller decline in wholesale services (-4.1 per cent or -€62 million), mainly related to higher unbundling rates in France. Commenting on […]

Viaplay has reported Q1 net sales of SEK 4,757m (€410.1m) and operating income before associated company income (ACI) and items affecting comparability (IAC) of SEK -317 million. Core operations (Nordics, Netherlands and Viaplay Select) saw 6 per cent organic net sales growth to SEK 4,459 million, with operating income before ACI and IAC of SEK […]

Netflix added 9.3 million subscribers in Q1 2024, hugely surpassing analyst estimates, and now has 269.6 million subscribers globally, further asserting the company as the world’s leading streaming service. Netflix reported revenue of $9.4 billion (€8.8bn), up 15 per cent YoY, and operating income of $2.6 billion. The company advised that it will stop reporting […]

Italian public broadcaster Rai achieved a balanced net profit for 2023, according to financial statements approved by its Board of Directors. Net debt improved to €568 million compared to the previous year, indicating a sustainable financial position. Despite missing revenue from major sporting events and facing advertising restrictions, overall advertising income grew by more than […]

Nokia has reported a slow start to 2024 with net sales declining 19 per cent year-on-year, in constant currency (-20 per cent reported) in Q1. The company noted that the environment is still challenging, but order trends continue to improve year-on-year, particularly in Network Infrastructure. Nokia’s full year 2024 outlook is unchanged. The company currently […]

German broadcaster ProSiebenSat.1 has reported what it has described as “a very good start to the year”, and achieved profitable growth in many areas of the portfolio in Q1. This is the result of an analysis of preliminary figures. The Group increased its revenues in the first quarter by 6 per cent to €867 million […]

Ericsson has reported that sales declined organically by 14 per cent YoY in Q1, attributed to a 19 per cent decline in Networks. Reported sales decreased to SEK 53.3 billion (€4.59bn). Gross income excluding restructuring charges decreased to SEK 22.8 billion as lower sales were partly offset by an improvement in gross margin. Reported gross […]

Walt Disney has secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz’s hedge fund Trian Fund Management. Enough votes had been to put Disney’s board directors safely ahead of Trian’s two challengers, Peltz and former Disney chief financial officer Jay Rasulo, sources told reuters. Blackwells Capital, another hedge fund […]

AST SpaceMobile is being rebranded to AST Networks. That was the one positive slice of news to emerge from its end-of-year results. The company’s overall news didn’t help confidence with investors and its share price crashed 13.6 per cent on April 1st and another 24 per cent on April 2nd. AST undoubtedly has a great […]

Ottawa-based satellite operator Telesat has reported it is under further pressure from its declining DTH video business but maintained its formal guidance for this year’s revenue and profit targets. However, the disappointing results sent its share price tumbling 11 per cent despite some optimism for the company’s transition to a LEO operator. April 1st brought […]