Ericsson has reported that group organic sales in Q2 declined by -9 per cent YoY. Segment Networks sales declined by -13 per cent, while segment Enterprise sales grew by 20 per cent. Reported sales was SEK 64.4 (€5.6bn). The sharp decline in sales in North America was partly offset by strong sales development in India. […]

Channel 4 has published its 2022 Annual Report which it says shows “strong and resilient results, with solid building blocks for future growth in place”. 2022 performance highlights include: All-time record £713 million (€835.2m) invested in British content Ended year with £1.14 billion revenues, topping £1 billion for second consecutive year Digital revenues increased 14 […]

BBC Studios, the BBC’s commercial global subsidiary, has published a record set of results as part of a summary of its strategic and financial performance for the year 2022/23. Sales were at £2.09 billion (€2.46bn), up from £1.63 billion in 2021/22, a 28 per cent increase on the previous year. This increase was driven by […]

South Korea’s electronics giant Samsung has issued its latest financial guidance ahead of its formal Q2 results, and the numbers are troubling. Samsung says it expects a drastic decline in profits. The consolidated figures show an operating profit of KRW0.5-0.7 billion (about €413.3 million), which is more than 95 per cent down on the same […]

Spanish TV group Mediapro has reported an 18 per cent rise in profit in 2022 to €189 million, improving its forecast by €50 million This strong result has been achieved in spite of flat revenues standing at €1.2 billion. Historic debt has also been reduced to €435 million. Large audiences for the Qatar football World […]

South Africa-based Naspers has reported a 78 per cent collapse in profits. Naspers has been badly hurt by the much lower contribution from China’s Tencent which is responsible for the bulk of earnings and revenues for Naspers. Naspers, which has its global investment business housed in Amsterdam-listed Prosus, draws over two-thirds of its revenue from […]

SES issued a somewhat cryptic statement on June 22nd following the collapse of its hoped-for merger with arch-rival Intelsat. The SES statement read: “There are always two parties in a negotiation. It has become clear that a path to an agreement which would be acceptable to SES and Intelsat cannot be found, and so both […]

South African broadcasting giant MultiChoice Group has reported its annual profit rose 2 per cent in its financial year to March 31st. It said it had enjoyed strong overall subscriber growth and profit elsewhere in Africa which helped offset poor market conditions in South Africa itself. For the year to March 31st, core headline earnings […]

The Covid pandemic was a once in a lifetime stress test for many sectors. No customers on the streets represents the darkest of times for hospitality, retail and live entertainment. For streamers, though, ‘Happy Days’. Time on everyone’s hands and nothing else to spend their money on. The bump to their subscriber numbers and revenues […]

Chris Licht, CEO of CNN, is out at the news network. The NYT reports he met with WBD chief David Zaslav, who then told staff that Licht was departing immediately. Licht had been handpicked a year ago by Zaslav to steer CNN after the departure of its long-time chief Jeff Zucker. However Licht’s tenure was […]