Analysts at Berenberg Bank have praised Nordic Entertainment Group’s (NENT) Q2 results, saying the broadcaster’s subscription numbers “which stole the show”. While the company’s Q2/2021 sales of SEK3,072 million was in line with consensus, it was the subscriber numbers which impressed. Berenberg said: “The international subscriber outlook for 2021 increased to 500,000 from 250,000 as […]
A report from equity analysts at Berenberg Bank suggests an unclear future for the ITV/BBC BritBox streaming joint-venture. The bank says that Britbox is a “distraction that will not succeed”. The bank’s report makes blunt reading for the BritBox venture. “BritBox trends look weak: While the near-term picture on advertising looks clearly more positive, the […]
A report from equity analysts at investment bank Berenberg on the games and gaming sector, and covering such high-profile businesses as Ubisoft, Electronic Arts, Activision and others, says that while some observers were forecasting a collapse of the sector as the world comes out of Covid, the bank suggests otherwise. Berenberg says that after more […]
Analysts at investment bank Berenberg have issued ‘BUY’ advice on Nordic Entertainment Group (NENT) on the back of its news that its Viaplay platform will launch early in 2022 in the Netherlands. “We are optimistic regarding the prospects for Viaplay in the Netherlands, particularly as NENT has already secured two key sports rights, most notably […]
Investment bank Berenberg has issued a report on the state of play at satellite operator SES. The bank says that with SES no longer separating its revenue splits between services and distribution (“which have notably different margin profiles”) they do not know what drove the operator’s Q1 results. The bank gives its forecasts on future […]
NENT’s Q1 results were above consensus expectations, apart from its Viaplay OTT service. According to investment bank Berenberg, the Nordic Entertainment Group’s operating margin of 7 per cent was also materially above expectations, leading to a significant outperformance at the EBIT level. The miss on Viaplay net sales was due to average revenue per user […]
Analysts at Berenberg Bank have compared and contrasted Europe’s two satellite giants SES and Eutelsat in a detailed report. SES has a balance sheet that is in good shape says Berenberg but, despite its larger size, will generate much less cash flow than Eutelsat in 2021 and 2022, and, given uncertainty about the long-term future […]
Sports broadcaster ‘fuboTV’, a now major multichannel video programming distributor (MVPD), and which streams its live content to a fast-growing portfolio of countries and devices, has prompted a major examination by investment bank Berenberg, and an upgrade to ‘Buy’. The bank admits that fuboTV is “easily the most controversial stock we cover, but we remain […]
Formula 1’s revenues of $485 million (€400m) for Q4 were 7 per cent lower year-on-year, and below market expectations. A report from investment bank Berenberg says that F1’s financial numbers were not a “miss” so much as a reflection of the opacity of Formula 1’s fundamentals during the pandemic. The bank says: “2021 looks set […]
NENT Group has received another strong endorsement from an investment bank. Analysts at Berenberg say that the OTT broadcaster’s Q4 results were solid despite its core numbers falling slightly below forecasts. On February 10th NENT confirmed its intention to raise equity. NENT said it would be aiming to raise SEK4 billion (€04,bn) through an accelerated […]