Netgem revenues continue to rise
French-based home entertainment technology specialists Netgem impressed the market with further steady gains in revenues for its Q3 trading. The company has seen steady gains in total revenue over the course of the year rising from €18.4 million in Q1 to €19.8 million in Q2 and €20.1 million in Q3. The previous quarter also saw a rise in domestic revenue increasing to €6.9 million from €6.4 million in Q2, international revenue remains steady at €13.2 million as compared to €13.3 million in the previous quarter.
Netgem reported successful new business gains during Q3, from MTG-backed Viaplay in Sweden and Denmark’s YouSee. The company’s Board confirmed that its related companies PlugnSurf (and its Wobe mobile connectivity business) and IPTV audience measurement firm DigiTime would be fully incorporated into Netgem effective December 31st.