Kleos Space has reported a modest revenue injection from a successful contract for its ‘Vigilance Mission’ but also warned the market that the business is at risk of “underperforming” financially. Kleos is a space-powered defence and intelligence technology company. The cautionary statement appeared in the Kleos annual report, and in a note from auditors Ernst […]

Pan-European broadcaster RTL has reported full-year Group revenue up 8.8 per cent to a record level of €7.2 billion, up 1.6 per cent organically despite decreasing advertising markets in Germany and France. Paying subscribers for RTL Group’s streaming services in Germany, the Netherlands and Hungary up 44.3 per cent to 5.5 million. Market consolidation remains […]

Redge Technologies has reported significant revenue growth in the financial year 2022. The company achieved a 58 per cent increase in revenue and a 72 per cent increase in EBITDA. The solid financial results pave the way for the company’s global development. In 2022, Redge Technologies achieved record results, with revenues of  €11.93 million and […]

South African pay-TV giant MultiChoice has warned that its future trading, and in particular its DStv bouquet of pay-channels, are under financial threat from South Africa’s dire business and trading environment. The warning sent MultiChoice’s shares into free-fall on the Johannesburg stock exchange. They fell almost 14 percent on March 14, for example, although having […]

Spain’s fourth largest operator multiplay operator MásMóvil has increased its profit by 134 per cent to €444 million in 2022, mainly as a result of the sale of Euskaltel’s broadband network to Basque investors for €850 million. EBITDA stood at €1.19 billion, up 26 per cent. Revenues amounted to €2.89 billion, up 17 per cent, […]

TV and film industry group Gaumont has posted a downgraded 2022 consolidated revenue of €217.9 million, down 18 per cent year-on-year, highlighted by a €12.3 million loss compared with a €1 million profit the previous year. The group reported film and TV production and distribution revenues down 23 per cent over one year to €34 […]

French media giant Vivendi has reported a $1.07 billion (€1.01 bn) loss for its 2022 trading year, which it blamed in part on its deconsolidation of its stake in Telecom Italia. The loss compares with its profits of $25.9 billion (€24.6bn) in 2021 and that influenced by it spinning off its 60 per cent stake […]

Sir Richard Branson’s Virgin Galactic business has reported a significant trading loss for 2022. The company said it remained “on track” to start carrying paying passengers in its space tourism business despite racking up $500 million in losses last year. The losses, specifically at Virgin Galactic Holdings, amount to $500 million compared to a loss […]

ITV has reported total external revenue was up 8 per cent at £3.72 billion (€4.17bn) in 2022, and total group revenue up 7 per cent at £4.34 billion. Total ITV Studios revenue were up 19 per cent at £2.09 billion with growth across the business. Media & Entertainment (M&E) revenue was down 1 per cent at […]

Business aviation in-flight broadband company Gogo has reported record Q4 and 2022 results, and raised its guidance for 2023’s business prospects. For 2023 trading Gogo says its total revenues will be in the $440 million (€412.7m) – $455 million range. Gogo now serves 6,935 business aircraft. It reported record Q4 revenue of $108.2 million, up […]