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Bank: SES Q2 decline expected

Investment bank Exane/BNPP, in a note to clients, expects satellite operator SES to report a 3 per cent fall in revenues for its Q2 trading period. SES will unveil it numbers on August 3rd. Sami Kassab, an equity analyst at the bank, suggests that SES will report overall revenues of €487 million. The operator’s important […]

August 2, 2023

TF1 suffers ad decline

TF1 Group consolidated revenue for H1 2023 was €1.038 billion down €106.6 million compared to H1 2022. Group advertising revenue was €746.4 million down by €48.3 million (-6.1%) in H1, with a -5.4% change in Q2 2023. Revenue from Newen (programme distribution) totalled €133.7 million, down €24.7 million year-on-year. Current operating profit amounted to €152.3 […]

July 28, 2023

Atresmedia bumps profit 4.2 %

Spanish TV group Atresmedia is doing it well. Innthe first half of the year, the company, owner of Antena 3 TV and La Sexta, among others, reported a €59.8 million profit, up 4.2 per cent. Net revenues amounted to €472.9 million, up 2.8 per cent, with TV representing €439.4 million, up 2.4 per cent. Advertising […]

July 28, 2023From David del Valle in Madrid

Eutelsat Video revenues tumble 8.3%

Eutelsat’s full year results – to June 30th – were mixed, with its Broadcast Video division (62 per cent of income) falling y-o-y by 8.3 per cent (like-for-like, or 6.3 per cent as reported). But on the more positive side its fast-growing Mobile Connectivity segment grew 26.8 per cent (like-for-like, or 37.9 percent as reported). […]

July 28, 2023By Chris Forrester

Vivendi H1: ‘Solid operating results’

For the first half of 2023, Vivendi’s revenues were €4.698 billion, an increase of 3.7 per cent (+3.2 per cent at constant currency and perimeter), mainly as a result of revenue growth at Canal+ Group (+€86 million) and Havas (+€61 million), as well as the performance of Gameloft (+€19 million). Arnaud de Puyfontaine, Chief Executive […]

July 28, 2023

IMAX profits helped by blockbusters

Giant cinema specialist IMAX reported Q2 revenues of $98 million (€89.4m), up 38 per cent from the same period last year and $87 million from its Q1 numbers. Profits were $8.4 million (compared to a $2.9 million loss a year ago) and up on the $2.5 million profit registered in Q1. The IMAX numbers were […]

July 28, 2023By Chris Forrester

Hispasat reports $600m backlog for Nexus

Madrid-based Hispasat reported a 22 per cent increase in revenues for the half-year to June 30th, helped by the operator’s acquisition of services provider Axess Networks. However, the company reported that a major contract in Brazil had come to an end. Hispasat’s owner Redeia valued the loss at about $30 million (€27.6m) a year, but […]

July 28, 2023By Chris Forrester

Comcast up but cord cutting continues

Comcast’s quarterly revenue beat estimates helped by higher theme park attendance and the big theatrical releases of The Super Mario Bros Movie and Fast X. Shares were up 3.5 per cent in premarket trading. But cord cutting continued and Peacock losses widened. Total revenue rose 1.7 per cent to $30.51 billion (€27.39bn) in the quarter. […]

July 27, 2023

ITV H1: Digital revenue up 24%

UK commercial broadcaster ITV has released half-year results that show ITV Studios revenues up 8 per cent and digital revenue up 24 per cent, offsetting a decline in linear advertising revenues. “The continued momentum behind ITV’s strategic transformation delivered strong growth in Studios and Digital revenues in the first half of the year, largely offsetting […]

July 27, 2023By Colin Mann

Telefónica: Movistar subs down

Movistar lost 60,000 subscribers in the second quarter with convergent subscriptions also going down, 1,000 versus June last year. ARPU, though, grew by 1.5 per cent year-on-year to €91.5 whereas churn rate has improved, standing at 0.9 per cent. As a whole, Telefónica increased its profit by 44.5 per cent in the second quarter although […]

July 27, 2023From David del Valle in Madrid