TVN revenues increased year-on-year by 2.5 per cent in the first quarter and reached PLN 352 million on the back of a recovering TV advertising market and the strong results of its Premium TV brokerage operation and the non-linear content initiative. Advertising and sponsoring revenues in the period were up by PLN 7 million, or […]
London-based satellite operator Avanti Communications has reported a loss for its 9-month trading (to March 31st). Avanti says its revenues for the 9 months were just $39 million, and blamed the poor performance on continued delays in client capacity bookings. The poor revenue picture means that Avanti’s EBITDA position has worsened from a positive $1 […]
InnoWave, a Portuguese IT Company with strong international focus, has just announced its financial results for 2013 and outlook for 2014. In 2013, the company achieved a turnover of €4.5 million (€450.000 from the Belgian office), a 45 per cent increase over the €3.1 million in previous year. The Consulting area represented 74 per cent […]
Telefonica’s first-quarter net profit fell 23 per cent to €692 million with revenues falling 14 per cent to €12.2 billion, despite the company increasing its pay-TV subscribers. To improve its results in Spain, Telefonica is relying on the expansion of its fibre optic network and has almost doubled the number of subscribers with the premium […]
Satellite operator SES reported Q1 revenues of €465.6 million (€440.9m) for the three months to March 31st, up 8 per cent at constant foreign exchange rates, which translates into 9.3 per cent improvement in EBITDA. Profits are €150.2 million, and a forward contract backlog of €7.4 million. New CEO Karim Michel Sabbagh said: “Video remains […]
Belgacom has reported that while profit declined in the first quarter, it is on track to meet full-year guidance. Net profit at the company was €149 million for the first quarter of 2014, down from €171 million in the first quarter of 2013. EBITDA was €412 million, or 6.6 per cent lower than during the […]
In releasing its Q4 and Full Year 2013/14 results, BT has revealed it has around 3 million direct BT Sport customers and that including its wholesale deals, the service is in around 5 million homes. The telco also said its fibre roll-out was ahead of schedule, passing more than 19 million premises, around two thirds […]
Spain’s largest cable company ONO saw its losses increase by 4.3 per cent in the first quarter of the year to €24 million, with an EBITDA falling by 7.7 per cent to €165 million. Nevertheless, the company, now under control of Vodafone, increased revenues by 2.8 per cent to €410 million and added 33,000 new […]
Dish Network, the second-largest US DTH company, reported a better-than-expected 6 per cent growth in quarterly revenue due to higher net subscriber additions. The company added a net 40,000 subscribers in the quarter ended March 31st. Subscriber additions improved as the rate of cancellations fell to 1.42 per cent from 1.47 per cent a year […]
AOL’s stock dropped more than 20 per cent after the company reported that, while revenue was up 8 per cent in the first quarter, net income fell 64 per cent because of restructuring and other charges. AOL said that its profit dropped to $9.3 million, from $25.9 million a year earlier. Tim Armstrong, the chief […]