Nilesat, the Egyptian satellite company, has reported a 3.2 percent year-on-year rise in net profits after tax during the first half of 2023, recording net-profit of $19.304 million, compared to $18.706 million, according to the financial income statement filed to the Egyptian Exchange. Nilesat’s operating revenue climbed by 2.09 per cent year-on-year in the six-month […]
Satellite builder Terran Orbital now has contracts in hand to produce more than 370 satellites. Recent orders from the likes of Rivada Space Networks has pushed its contracted backlog to $2.6 billion (€2.38bn) – a 1,400 per cent increase since December 31st 2022 Terran’s Q2 numbers (to June 30th) show that revenues grew for Q2 […]
News Corporation has recorded a 75 per cent drop in full-year profit. The US-listed media posted $187 million (€170.5m) in net profit for the financial year, down from the previous year’s $760 million record. The numbers were hit by lower print and digital advertising in Australia and lower print advertising at in UK. For the […]
The Walt Disney Company has reported Q3 earnings with revenues at $22.3 billion (€20.2bn) – a 4 per cent growth from the previous year. Although SVoD service Disney+ managed to significantly trim losses (down to $512 million from $1.06 billion a year earlier) subscriber numbers still saw a steep decline, falling from 157.8 million worldwide […]
Lionsgate has reported Q1 revenue of $908.6 million (€824m), operating loss of $16.8 million and net loss attributable to Lionsgate shareholders of $70.7 million. “I’m pleased to report a strong financial quarter with another record library performance,” said Lionsgate CEO Jon Feltheimer. “We continued to execute our strategic agenda culminating in our signing a definitive agreement with Hasbro last week […]
Viasat had an impressive Q1 and reported revenue of $780 million (€707.6m) – up 36 per cent on the same period last year. Chairman Mark Dankberg said that the company was working with its antenna supplier (Northrop Grumman) and was looking to remedy the problems with its ViaSat 3 Americas satellite. If its ViaSat 3 […]
Abu Dhabi-based satellite operator Al Yah Satellite Communications (Yahsat) has reported revenue of $205 million (€186m) for the first-half of 2023. As of June 30th, the group’s contracted future backlog revenue remained strong at $1.9 billion, equivalent to around 4.4 times last-twelve-month revenue. Net profit, however, was flat at $45.306 million ($45.361 million same period […]
In-flight connectivity specialists Gogo has reported Q2 revenue growth of 6 per cent at $103.2 million (€94m). The business airline-focussed company expects total revenues this year to be in the range of $410 million-$420 million. “We are in a two-year investment cycle to take advantage of new technologies like 5G, LEO satellite and LTE to […]
Paramount Global reported Q2 revenue of $7.62 billion (€6.96bn), slightly above analyst estimates. The company reported a direct-to-consumer loss of $424 million in Q2 compared to a loss of $445 million in the prior-year period and a loss of $511 million in Q1. The company says it expects streaming losses to peak this year after […]
RTL Group has reported H1 revenue was down 5.1 per cent to €3.1 billion mainly due to significantly lower TV advertising revenue. Group revenue was down 4.3 per cent organically. RTL Group’s TV advertising revenue decreased 12.5 per cent to €1.18 billion, in particular in Germany. Compared to the first half of 2019 (pre-Covid), RTL Group’s TV […]