Shares in Facebook have hit record highs after its latest financial results smashed expectations, with profits rising threefold. The first quarter numbers beat analysts’ forecasts with the social network, also the owner Instagram, reporting net profits of $1.5 billion compared to over $500 million in the same period last year. Total revenue rose to $5.4 billion […]
Satellite communications giant Intelsat reported that its Q1 revenues topped $552.6 million ($602 million same period last year) in the three months to March 31st, and a slight improvement on market expectations. Intelsat said that its contracted backlog now stands at $9.3 billion (down from $9.4 billion as at December 31st). President/CEO Steven Spengler said […]
Time Warner Cable reported an increase of 21,000 basic video subscribers in the first quarter ahead of its$78.7 billion merger with Charter Communications. Revenue increased 7.2 per cent (the best Q1 in eight years) and cash flow increased 8.2 per cent (best in six years). High-speed data customer additions were 314,000 and phone subscribers increased […]
The weakest performer in the US media sector and embroiled in a lawsuit that challenges the competency of main owner Sumner Redstone, Viacom managed to report a March quarter profit on lower revenues. Viacom’s net earnings were $303 million in the second quarter, compared to a loss of $53 million a year ago, when the […]
Kuwait’s KIPCO conglomerate, which amongst other investments owns a major (60.5 million) stake in Dubai’s pay-TV operator OSN, saw its Q1 profits jump 13 per cent, with a net profit of $44.7 million ($40 million same period last year). KIPCO’s published quarterly statements do not break out its divisional performances, but its 2015 Annual Report, […]
Orange Spain has reversed 27-months of declining revenues and has significantly increased its subscribers. In the first quarter of the year, the company managed gained 1.8 per cent in revenues to €1.189 billion. By comparison, in the last quarter of 2015, Orange had a 0.7 per cent decline in revenues and a fall of 1.7 […]
On April 28th, satellite operator Intelsat will unveil its Q1 results, and there’s little doubt that change is in the air. The past few quarters has seen altogether too much doom and gloom associated with Intelsat, and now there are clear signs that as this year rolls out the businesses prospects look much healthier. Indeed, […]
Releasing its Q3 numbers, Sky has reported strong demand from new customers, with existing customers continuing to take more from the broadcaster. 177,000 new customers joined during the quarter, with 686,000 more products in Sky homes. Group revenue rose 5 per cent to £8.715 billion (€11bn), with a 12 per cent increase in operating profit […]
DISH Network has reported revenue totaling $3.79 billion (€3.33bn) for the quarter ending March 31st 2016, compared to $3.72 billion for the corresponding period in 2015. Subscriber-related revenue for the US satellite pay-TV broadcaster increased to $3.78 billion from $3.7 billion in the year-ago period. In the first quarter, DISH activated approximately 657,000 gross new […]
Netflix has unveiled its Q1, saying it had added a global net increase of 6.47 million subscribers during the quarter. This was better than its previous ‘best ever’ quarter (Q2/2015) when it added 5.59 million net new subs. US growth was 2.23 million, and helping Netflix’s overall global subs base to 81.5 million. Most of […]