Advanced Television

Netgem reports 15,000+ LaBox subs

January 17, 2014

netgemFor the quarter ended on December 31st 2013, French technology specialists Netgem has reported consolidated revenues of € 23.5 million – 2 per cent up on a year earlier – bringing its consolidated revenue throughout 2013 to € 81.3 million, of which 77 per cent was generated abroad.

Netgems’s Q4 international revenues came to €19.4 million, 11 per cent up year on year, while for 2013 as a whole revenues came to €63 million – 19 per cenr more than in 2012. Revenues in France for Q4 were €4.1 million – 25 per cent down on a year earlier.

In France, the LaBox OTT service had reached more than 15.000 subscribers by year-end, just a few months after its launch. Distribution via operators (Virgin Mobile, Citiplay and Ozone at this stage) will contribute to see growth in 2014.

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