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 […]
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 […]