Vodafone Group’s profits increased by 2.8 per cent in Q1 to June 30th, rising to €9 billion. Operating profit increased by 42.9 per cent to €1.5 billion, primarily driven by a €0.7 billion gain on the disposal of an 18 per cent stake in Indus Towers, leaving Vodafone with a 3.1 per cent shareholding Total […]

ITV has reported total Q2 revenue was down 3 per cent at £1.9 billion (€2.26), with growth in total advertising revenue (TAR) offset by the expected decline in ITV Studios revenue. Total external revenue was down 2 per cent at £1.59 billion in the period to June 30th. Group adjusted EBITA was up 40 per […]

BT has reported adjusted Q1 revenue of £5.1 billion (€6bn), down 2 per cent on Q1 FY24 attributed to legacy managed contract declines, reduced low margin sales activity and contraction in the portfolio unit within Business, and the continued shift to mobile SIM only and a lower CPI benefit in a competitive market in Consumer. […]

LG Electronics has announced second-quarter 2024 consolidated revenue of KRW 21.69 trillion and (€14.4bn) operating profit of KRW 1.20 trillion, reflecting an 8.5 per cent year-over-year increase in revenue and a 61.2 per cent surge in operating profit. These figures mark new records for the highest second-quarter revenue and operating profit in the company’s history. […]

Orange group has reported that Q2 2024 revenues rose 0.9 per cent compared with the Q2 2023 (+€85 million) thanks to growth in retail services (+2.4 per cent or +€182 million) and a smaller decline in wholesale services (-7.9 per cent or -€128 million), mainly related to higher unbundling and civil engineering rates in France […]

Comcast has reported second-quarter revenue that disappointed analysts as it was weighed down by poor movie box office and its theme parks. Revenue dipped 2.7 per cent to $29.7 billion (€27.3bn), missing the $30 billion average of analyst projections. Revenue from studios fell 27 per cent while sales at theme parks fell 11 per cent. […]

Netflix has reported that its advertising-supported memberships grew 34 per cent during the second quarter compared to the year-earlier period. The SVoD operator’s paid memberships rose 16.5 per cent year over year to 278 million. This marks one of the last updates Netflix will release regarding its membership numbers. The streamer said its ad-supported memberships […]

Ericsson has reported second quarter results for 2024. Börje Ekholm, President and CEO, commented: “In Q2, we maintained our leading market position, returned to growth in North America, and delivered strong gross margin expansion and free cash flow. We remained focused on matters in our control, to optimise our business amid a challenging market environment, […]

Samsung Electronics expects profits for Q2 2024 to jump 15-fold compared to the same period last year, attributed largely to the AI boom which has transformed the prices of advanced chips. The South Korean firm is the world’s largest maker of memory chips, smartphones and televisions. The news pushed Samsung shares up more than 2 […]

Airbus Space & Defence has problems. Unlike its major rival Boeing, there’s nothing wrong with its A320 aircraft production, but Airbus’s troubled space division has implemented a €900 million write down in charges – effectively losses against its Q2 2024 revenues – and Airbus CEO Guillaume Faury said a thorough review has led to a […]