Advanced Television

Results

RTL profits hit by weak ad market

German multimedia group RTL has reported what it describes as a “strong” H2 2023. The group says its results came in in line with the guidance for the full-year 2023: On a pro-forma basis, Group revenue of €6.9 billion and Adjusted EBITA of €927 million, the latter including streaming start-up losses of €179 million. In […]

March 14, 2024

Thuraya’s mobility revenues up 23%

Thuraya, part of Yahsat, is in the process of merging with Bayanat into new business Space42. But while Yahsat reported a respectable 6 per cent rise in 2023 revenues, it was its Thuraya division which generated an impressive 23 per cent increase. Yahsat bought Thuraya in 2018. Thuraya operates large satellites using L-band for mobility-based […]

March 11, 2024By Chris Forrester

Arabsat’s revenues top $200m in 2023

Arabsat’s CEO Alhamedi Alanezi says the satellite operator’s revenues for last year exceeded $200 million (€182.9m). Alanezi said that the company’s expansion plans could be funded from its own resources without the need to raise debt. Arabsat also announced that it has signed a MoU with Canada-based Telesat. The partnership aims to leverage Arabsat’s expertise […]

March 8, 2024By Chris Forrester

ITV slumps in bad ad market

ITV has reported an overall 2023 profit decline of 61 per cent YoY, to £193 million (€225.8m). The UK commercial broadcaster attributed the figure to the the downturn in the linear ad market and its ongoing investment in streaming service ITVX. Total group revenues declined by 2 per cent to £4.3 billion, with total external […]

March 7, 2024

ProSiebenSat.1 expects 2024 revenue growth

Germany’s ProSiebenSat.1 Group reports that it saw a positive development in many areas of the portfolio at the end of 2023 and thus achieved its most recently specified targets for the year. At €3.85 billion, Group revenues declined by 7 per cent or €311 million on the previous year; adjusted for currency effects and portfolio […]

March 7, 2024

Globalstar gaining from Apple deal

Satellite operator Globalstar is doing well as a result of its relationship with Apple and its iPhones. Globalstar’s revenues in the main come from its mobile satellite services division but very much is looking to a future from satellite-based links with terrestrial services. Its revenues are up a useful 17 per cent in its commercial […]

March 6, 2024By Chris Forrester

Loss-making GB News receives further funding

Operating losses at troubled right-leaning news channel GB News grew 38 per cent to £42.4 million (€49.6m) in the year to May 2023, the business has revealed in accounts filed to Annual Companies House. The accounts for GB News Limited show 80 per cent year-on-year growth in revenue to £6.7 million, but also a 63 […]

March 5, 2024

Thales to cut 1,300 jobs

Aerospace giant Thales has reported that it achieved sales of €18.4 billion in 2023, up 4.9 per cent, and with net income up 14 per cent to €1.77 billion. However, its consolidated net income fell 9 per cent (to €1.02 billion because of an “exceptional expense related to pension obligations in the UK”. Its Aerospace […]

March 5, 2024By Chris Forrester

Echostar $2bn+ loss on pay-TV decline

Net pay-TV subscribers fell by 314,000 to 8.53 million as Echostar posted a $2.03 billion (€1.87bn) loss for Q4. The company said the loss was primarily attributable to a non-cash goodwill impairment charge of $758 million, and an adjustment to the carrying value of the 800 MHz purchase option totalling approximately $1.6 billion. Revenue fell […]

March 1, 2024

FuboTV exceeds guidance

FuboTV, the sports-first live TV streaming platform, has reported its financial results for Q4 and full year ended December 31st 2023. The Company exceeded guidance across key financial and operating metrics in North America, posting double digit YoY revenue and subscriber growth during Q4. Fubo ended the quarter with 1.62 million paid subscribers, up 12 […]

March 1, 2024