Eutelsat, helped by initial revenues from its OneWeb constellation, is returning to top-line growth, says CEO Eva Berneke. However, its Video division is still under pressure and suffered a 9.5 per cent decline for the half-year to December 31st 2023. But revenues for its Mobile division showed further impressive growth (up 27.2 per cent). Total […]
Iridium Communications, which provides satellite telephony and data services to the planet’s hard-to-reach areas as well as emergency services, says it is adding 5 years to its current orbital constellation, and has direct-to-smartphone firmly in its sights. Iridium’s existing mega-constellation of 66 satellites were initially given life-spans of 12.5 years when launched in 2017 or […]
Abu Dhabi-based satellite operator YahSat enjoyed a 6 per cent uplift in revenues for its 2023 trading year according to preliminary accounts. The extra cash came in particular from its Thuraya Telecom subsidiary. However, overall operating profit fell 15 per cent because of write downs on the accelerated depreciation of its Al Yah 3 satellite […]
In Q4 2023, German broadcasting group ProSiebenSat.1 recorded what it called “a significant increase” in the adjusted EBITDA of 11 per cent compared to the previous year quarter to around €335 million based on preliminary figures (Q4 2022: €303 million). Thereby, the Group exceeded its previous earnings expectations for this quarter. Most recently, the Group […]
Lionsgate has reported Q3 (quarter ended December 31st 2023) revenue of $975.1 million (€905m), down 2.5 per cent on the same period last year – largely attributed to the Hollywood strikes – and an operating loss of $43.5 million. “We’re pleased to report another strong financial quarter in which the performance of our diversified businesses […]
California-based satellite operator Viasat reported its Q3 numbers after the market closed on February 6th. Chairman and CEO Mark Dankberg said revenues grew 8 per cent to $1.1 billion (€1.02bn) which was up an impressive 73 per cent y-o-y improvement of 2023’s $651 million. However, the company’s net loss rose to $124 million (a loss […]
San Francisco-based audio technology company Dolby Labs has reported revenue of $315.6 million (€293.4m) in its Q1 trading period – down from $334.9 million in the previous year. Despite the drop, the company still topped Wall Street expectations. Dolby repurchased 968,000 shares of its common stock and ended the quarter with approximately $132 million of […]
BT has issued a trading update for the nine months to December 31st 2023. Allison Kirkby, Chief Executive, commenting on the telco’s Q4, said: “BT Group has delivered another quarter of revenue and EBITDA growth, while rapidly building and upgrading customers to our full-fibre broadband and 5G networks, and we continue to be on track […]
Amazon has reported that net sales increased 12 per cent to $574.8 billion in 2023, compared with $514 billion in 2022. Excluding the $0.1 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the year, net sales increased 12% compared with 2022. North America segment sales increased 12 per cent year-over-year to $352.8 […]
Pay-radio broadcaster SiriusXM’s Q4 profits were at $352 million (€323.1m), just down on the same period in 2022 which were $365 million. Revenues were slightly ahead of expectations at $2.29 billion ($2.28 billion the previous year). Earnings per share were up 1 cent at $0.09 and better than analyst’s expectations. SiriusXM also reported that ARPU […]