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Facebook ad revenue up 67%

Facebook has reported financial results for the quarter ended June 30th 2014. Revenue for the second quarter of 2014 totaled $2.91 billion, an increase of 61 per cent, compared with $1.81 billion in the second quarter of 2013. Excluding the impact of year-over-year changes in foreign exchange rates, revenue would have increased by 59 per […]

July 24, 2014

TalkTalk hits 1.1m pay-TV subs

TalkTalk has reported 1.1 million customers for its budget pay-TV service, adding 185,000 in the most recent quarter. The telco, which relaunched its TV offering with a YouView box last year is now the fastest-growing pay-TV provider, increased revenues by more than 3 per cent to £434 million in the June quarter, compared with the […]

July 23, 2014

Apple profits up 12%

Apple posted quarterly revenue of $37.4 billion and quarterly net profit of $7.7 billion. These results compare to revenue of $35.3 billion and net profit of $6.9 billion in the year-ago quarter. Gross margin was 39.4 per cent compared to 36.9 per cent in the year-ago quarter. International sales accounted for 59 per cent of […]

July 23, 2014

Netflix: “We’ll invest in French content”

Reed Hastings, CEO of online entertainment service Netflix, has confirmed the company will invest in local content when it enters the French market in September. Speaking on Netflix’s Q2 earnings call, Hastings said the company was not seeking to dodge any obligations to fund local productions or pay relevant taxes. “We’re not really trying to […]

July 22, 2014By Colin Mann

Comcast Q2 income up 15%

Comcast Q2 income rose 15 per cent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated. High-speed Internet customers increased by 203,000 – the best Q2 net additions in six years, The largest cable provider in the US reported that net […]

July 22, 2014

Dish TV India adds 332,000 subs in Q1

Dish TV India added 332,000 net subscribers during the quarter ended June 30th 2014, giving a total subscriber base of 11.7 million net subscribers at the end of the period. Asia Pacific’s largest DTH broadcaster reported first quarter fiscal 2015 standalone subscription revenues and total operating revenues of Rs. 5,886 million and Rs. 6,407 million […]

July 22, 2014

BBC Worldwide: Strong performance despite currency challenges

BBC Worldwide – the commercial arm of the Corporation – has published its 2013/14 Annual Review, revealing a year of solid underlying growth, and increased returns to the BBC. Headline profit increased 0.7 per cent to £157.4 million (2012/13: £156.3m), and was up 11.6 per cent at constant currency. Headline profit margin increased from 14 […]

July 21, 2014

Pro7Sat.1 forecasts trimmed

Investment banker Berenberg has cut back on its expectations for German broadcasting giant Pro7Sat.1. In terms of the broadcaster’s share price the bank says its 12-month target is cut by €2 from €29.60 to €27.60. The reasons are the broadcaster’s “material underperformance” over the past year, although stressing that the bank’s view is some 5 […]

July 18, 2014

MTG delivers highest ever quarterly sales

Modern Times Group (MTG), the international entertainment broadcasting group, has reported Q2 operating income (EBIT) up to SEK 472 million (from SEK 465 million) when excluding non-recurring items of SEK -155 million and associated company income of SEK 117 million. Net sales up 13 per cent at constant FX and up 3 per cent on […]

July 17, 2014

Com Hem Q2 boosted by TiVo

Swedish cable television operator Com Hem has posted a 3.5 per cent rise in Q2 core profit and predicted mid-single digit sales growth in 2014. Com Hem said profit before interest, tax, depreciation, amortisation, writedowns, one-off costs and currency swings rose to 566 million crowns ($83 million) from 547 million a year ago, helped by […]

July 15, 2014