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LG Display: Q3 profits up 191%

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South Korea’s LG Display reported record revenues (up 9 per cent y-o-y) which translated into a 191 per cent increase in operating profits, and with an EBITDA margin of 20 percent. A healthy trading quarter meant LG Display’s cashflow was also in positive territory, starting the quarter at Korean Won 2.2 trillion, and ending at 2.4 trillion Won. Hee Yeon […]

MTG Q3 boosted by pay-TV

Sweden’s MTG has posted a higher than expected Q3 core profit and said it still expected higher sales and operating margin for its Nordic pay-TV business this year. Operating profit excluding associated companies and non-recurring items rose to 215 million Swedish crowns ($29.5 million) from a 162 million a year ago. In a statement, the company said: “This was another […]

Comcast broadband subs near TV customers

Comcast added 315,000 subs to its high-speed internet service as its reported earnings came in slightly ahead of expectations. The increase lifts the number of Comcast broadband subscribers to 21.6 million and suggests it could soon eclipse the number of subscribers to the company’s cable television service. Comcast has 22.4 million cable video subscribers, a number that is shrinking as […]

Freesat in 1.9m homes

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Freesat, the subscription free satellite TV service, has maintained its 2014 momentum by adding 8,000 new TV homes in the three months to the end of September. In all, Freesat has added 32,000 new households in the first nine months of 2014; it is now available in 1.9 million households and watched by more than four million viewers every week. […]

BSkyB “pressure cooker” period

BSkyB’s results were better than most analysts expected, but this didn’t make life any easier for Sarah Simon, a senior analyst at Berenberg Bank, who continued her negative advice to clients, and marking down the bank’s price target for BSkyB shares from 800p to 780p. October 16th saw BSkyB’s share price fell back a few pence from 859p to 850p. […]

Netflix net adds down

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Despite adding over 3 million members in Q3, ending the period with 53.1 million global members and $1.22 billion in revenue, Internet entertainment streaming service Netflix says net additions were lower than forecast, particularly for the US. It also said it planned substantial further expansion internationally. In its Letter to Shareholders, Netflix said it added about a million new members […]

Sky Go boosts BSkyB Q1

BSkyB has posted results for the three months to the end of September showing a record 309,000 users signing up to its Sky Go Extra service, which allows subscribers to watch programmes on portable devices when away from home. The number of On Demand downloads has more than trebled to almost 257 million in the quarter. Sky Go now reaches […]

Netflix: “We’re feeling incredible about international”

Speaking during a Q3 Earnings Call following a period in which Netflix reported net additions were lower than forecast, particularly for the US, CEO Reed Hastings has reaffirmed the company’s faith in its international expansion plans following its late summer launch in new Western European markets. “We’ve done numerous launches now starting in Canada four years ago, so we’re getting […]

Ziggo TV subs down 20%

Dutch cable operator Ziggo saw core profit rise by 3.4 per cent in the third quarter. The group, which last week received EU clearance to be bought by US cable group Liberty Global, said broadband subscribers grew by 6.2 per cent from the same period last year. The number of digital TV subscribers increased by 5,000 to 2,324 million in […]

Netgem Q3 revenue slump

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French set-top box maker Netgem saw revenues fall 15 per cent in its Q3 period (to €20.5 million, from €24.2 million in the previous year), and reflecting a 14 per cent fall off in sales. Netgem reported that supplies of its boxes to Australia during this year had fallen back and that it did not expect sales in Australia to […]

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