Advanced Television

Results

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

SES: Owning a LEO system could be next

For the best part of 20 years, under the tenure of successive CEO’s Romain Bausch, Karim Michel Sabbagh and Steve Collar, the accepted mantra was that SES did not need a Low Earth orbiting (LEO) fleet of satellites. That position might now be very different under new CEO Adel Al-Salah who has been in post […]

March 1, 2024

Paramount+ profit surprise

Paramount Global has reported revenues down YoY in Q4, but the studio saw notable streaming gains. Paramount+ reached 67.5 million subscribers during the quarter, a net increase of 4.1 million, and recorded 69 per cent revenue growth YoY. The company said it expects to achieve profitability for the SVoD service by 2025. Subscription revenue grew […]

February 29, 2024

SES ups dividend reward for shareholders

SES is having a strong trading year. Its revenue for 2023 was €2.03 billion, and ahead of expectations despite its Video division suffering a -4.4 per cent fall in revenue to €607 million. But its Networks division is still showing solid growth – up 6.1 per cent to €1.06 billion). But the headline news is […]

February 29, 2024By Chris Forrester

Spain: Atresmedia profit up 52%

Atresmedia, owner of Antena 3 TV and La Sexta among others, hs reported a profit of €171.2 million in 2023, up 51.6 per cent.Revenues amounted to €971.4 million, up 2.2 per cent, out of which €902.8 million were from the TV division; TV ad revenues growing by 1.2 per cent to €783.8 million. EBITDA reached […]

February 29, 2024From David Del Valle in Madrid

Gogo FY revenue down, Q4 up

Business aviation connectivity specialists Gogo reported their full-year and Q4 results, saying that for the final quarter their total revenue of $97.8 million (€90.1m) represented a fall of 10 per cent year on year. However, Q4’s service revenue of $80.9 million was up 5 per cent on the previous year. “The launches of Gogo Galileo […]

February 29, 2024By Chris Forrester

MDA: “In talks over $7bn of LEO business”

Canadian satellite and space tech company MDA says it is busy working on three satellite constellations for clients, and has active discussions with potential new customers for satellite-based broadband and IoT applications worth several billions of dollars. The company, famous for its Canadarm robotic device, reported a Q4 profit of C$13.5 million (€9.1m), up from […]

February 29, 2024By Chris Forrester