UK telco BT has issued a trading update for the three months to June 30th 2023, with Philip Jansen, Chief Executive, commenting: “We’ve made a strong start to the year, in what remains a very competitive market, with improved customer satisfaction, pro forma revenue growth in all of our business units and pro forma group […]
Liberty Global has announced its Q2 2023 financial results, with CEO Mike Fries stating: “We saw improved sequential Adjusted EBITDA performance in Q2, underpinning the confirmation of all full-year guidance targets across our core FMC operations. Demand for reliable high-speed connectivity remains strong and despite communicating price adjustments across our footprint, we delivered broadly stable […]
UK multiplay operator Virgin Media O2 has released its Q2 results which show that its fixed network rollout accelerated with 175,500 additional homes serviceable. Its 5G services are now available in over 2,800 towns and cities. Lutz Schüler, CEO of Virgin Media O2, said: “As we navigate a tough economic climate, we have a clear […]
Vodafone TV Germany dropped 120,000 subs it reveals in Q1 results. Vodafone said that its consumer converged customer base in Germany remained broadly stable at 2.3 million. TV subs now stand at 12.64 million, down from 12.76 million last quarter. Vodafone stands to lose even more TV subs as rules that prevent housing associations from […]
Netflix added 5.9 million new subscribers in Q2 – way above analysts’ forecasts – after its decision to clamp down on password sharing seemed to pay off. The streaming platform now has 238 million subscribers globally. Netflix reported a profit of $1.8 billion (€1.6bn) over the quarter on revenues of $8.3 billion. The company has […]
Nordic broadcasting group Viaplay, in announcing its Q2 results, revealed that it is cutting more than 25 per cent of its staff (around 450 people) and pulling its services out of the US and UK as it mulls a sale. Viaplay reported Q2 net sales of SEK4,591 million (€399m) in Q2, up from SEK3,725 million […]
TelevisaUnivision, the Spanish-language media and content company, has announced financial results for Q2 with total revenue growing 11 per cent to $1.2 billion (€1bn), driven by growth across all major revenue streams in both geographies. Advertising revenue increased 10 per cent. In the US, advertising revenue increased 1 per cent reflecting strength in national advertising […]
Nokia, the Finnish multinational telco, and consumer electronics corporation, has reported Q2 revenue declined 3 per cent to €5.7 billion in Q2 2023, with operating profit going down 12 per cent from €714 million in Q2 2022 to €626 million euro in Q2 2023. As announced on July 14th, Nokia now expects full year 2023 […]
Telenor, the Norwegian multinational telco, has reported Q2 service revenue of NOK 15.8 billion (€1.42bn), an increase of NOK 0.8 billion or (5 per cent) compared to the same period last year. On an organic basis, service revenues increased by 4 per cent. EBITDA before other items was NOK 8.8 billion and increased by 4 […]
Telia Company, the Swedish multinational telco, has reported that Q2 revenue increased 4.5 per cent to SEK 23,297 million (€2,031.9m) and like for like, revenue increased 2.2 per cent. Service revenue increased 4 per cent to SEK 19,914 million and like for like, service revenue increased 1.9 per cent. For the Telco operations, service revenue […]