Spanish telco Telefónica saw its profit fall by 57 per cent to €298 million even though revenues grew by 6.7 per cent to €10.04 billion in the first quarter of the year – with Brazil, Germany and UK being the best performing markets in terms of revenues with a growth of 17.5 per cent, 8 […]

A growing loss in trading is hardly surprising given that Virgin Galactic, the sub-orbital tourist rocket scheme, has been stuck on the ground these past two years. But that is about to change with a sub-orbital flight scheduled for late June (and a non-commercial flight due later in May) and following on from a successful […]

Al Yah Satellite Communications Company (Yahsat), the UAE satellite solutions provider listed on the Abu Dhabi Securities Exchange, has announced its consolidated financial results for the quarter ending March 31st 2023. Yahsat continued to deliver year-on-year growth in revenue, EBITDA and Net Income, which increased 2 per cent, 4 per cent and 35 per cent […]

Liberty Global earnings were negative in Q1, posting a loss of $713.5 million (€650.3m) from continuing operations. Adjusted EBITDA was down by 6 per cent to $624.5 million. The company says it suffered from was a combination of subscriber losses and rising energy and labour costs in the quarter. Meanwhile, Liberty revealed it plans to […]

Israel-based satellite technology connectivity company Gilat Satellite Networks reported revenue up 15 per cent for its Q1 trading period (at $59 million (€53.8m), compared to $51.4 million in the same period last year). Gilat raised its GAAP operating income guidance to between $16 to $20 million for the full year, representing year-over-year growth of 81 […]

Harmonic’s Nasdaq stock price jumped nearly 20 per cent after it revealed to investors big gains in its cable-net virtualisation software in Q1. CableOS now reckons to control around 10 per cent of modems connected to DOCSIS 3.1 networks worldwide, about 18.4 million total. CableOS replaces expensive cable modem termination system (CMTS) hardware in networks […]

Fox Corporation has reported financial results for the three months ended March 31st 2023. The company posted total quarterly revenues of $4.08 billion (€3.7bn), an 18 per cent increase from the $3.46 billion reported in the prior year quarter. Advertising revenues increased 43 per cent, primarily reflecting the impact of Super Bowl LVII, a higher volume […]

Pay-TV operator DISH Network has suffered a major fall in subscribers according to its Q1 financials. Dish TV and its OTT sister service Sling TV, lost an overall 552,000 subscribers during the first quarter of the year. The same period in 2022 saw losses of 462,000 net subscribers (and 268,000 in Q4/2022). The Charlie Ergen-backed […]

Tougher competition in the market had a negative impact on MásMóvil in the first quarter. The Spanish telco reported €57 million losses versus €40 million in the same period last year. Competition from local and regional operators such as Digi, Avatel and Finetwork affected MásMóvil, whose revenues only grew by 1 per cent to €740 […]

AMC Networks has reported lower Q1 earnings as ad revenues dropped, and it lost 300,000 streaming subscribers. Net income fell to $103.6 million (€94.5m), or from $104.2 million a year ago. The company had negative cash flow of $144 million. Revenues rose 0.7 per cent to $717.4 million. Streaming revenue increased 29 per cent because […]