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Comcast: Our future is streaming

Comcast: Our future is streaming

Comcast expects to be able to make more money from streaming than any other company in the world, so says Steve Burke, chairman of Comcast’s NBCUniversal unit. Speaking at Comcast’s…

Peacock’s feathers will be bright – but expensive

Comcast unveiled its Q4 numbers on January 23rd, and reported earnings rising an extremely healthy overall 26 per cent helped by broadband growth. The downside drag was its entertainment unit…

Netflix subs growth slows as competition rises

Netflix subs growth slows as competition rises

Netflix added 8.76 million paid global subscribers in the three months to December 31st 2019 – its first quarter up against the Disney+ streaming service. Net income rose to $587…

Bank foresees “weak” Q1 from Netflix

Comments from media analysts at investment bank Exane/BNPP suggest that Q4 results from Netflix were very much in line with expectations, and certainly few could complain at paid subscriptions growing…

Nilesat profits drop; signs with SpaceX

Cairo-based satellite operator Nilesat suffered a 20.45 per cent fall in profits last year in unaudited accounts. Meanwhile Nilesat has also contracted with SpaceX to launch its Nilesat-301 craft in…

SiriusXM tops own expectations

Pay-radio service SiriusXM says that 2019 delivered almost 1 million subscribers over and above its 34 million subs-target for last year. Consequently, the radio broadcaster is raising its own guidance…

India’s Antrix expects 2020 boom

India’s Space Research Organisation (ISRO) and its commercial arm, Antrix, have had a tough few years with legal actions, and allegations of fraud and malpractice which resulted in criminal convictions…

IMAX tops $1bn during 2019

IMAX tops $1bn during 2019

With two trading weeks of the year still to be accounted for, giant cinema screen business IMAX says it has already achieved $1.035 billion in box office receipts. The revenues…

Avanti trading “continues as expected”

London-based speciality satellite operator Avanti Communications has issued an update for its third quarter’s trading. Overall revenues were $17.1 million (€15.4m) for the 3 months (or $5.7 per month), of…

Bigblu reports FY “strong performance”

Bigblu Broadband (BBB), a provider of alternative fast broadband services, has provided a trading update for the 12-month period ended November 30th 2019. Trading for the year was in line…

Naspers revenue up 20%, but profits hurt

South Africa conglomerate Naspers has reported half-year revenues up 20 per cent to $10.2 billion (€9.2bn). The company, which is one of the largest technology investors in the world, told…

Sonos reports record 11% revenue growth

Wireless speaker specialists Sonos reported revenues up 11 per cent to a record $1.26 billion (€1.14bn) for the year – the third-successive it has exceeded its own financial goals. Sonos…

Inmarsat sale to wrap on Nov 29

The Inmarsat $6 billion (€5.4bn) sale to a private equity-led consortium will close next week following a routine Court hearing on November 29th. Inmarsat is being acquired by Connect Bidco…

Altice Europe Q3 lifted by France business

Altice Europe, the telco and cable group controlled by Franco-Israeli tycoon Patrick Drahi, reported better-than-expected Q3 results, driven by the turnaround of its French subsidiary. Group revenue over the period…

MultiChoice ARPU down 5%

MultiChoice ARPU down 5%

MultiChoice and its DStv services are doing well in terms of subscribers, up some 600,000 (7 per cent) active pay-TV homes in South Africa, for example. But ARPU in South…

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