Cairo-based satellite operator Nilesat has reported a 2.8 per cent Q1 rise in its net profit in the three months to March 31st 2023. First-quarter net profit rose to $7.47 million (€6.9m), from $7.27 million in the same period in 2022, although this was down on the 2021 Q1 period when net income was stated […]
California-based satellite operator Viasat has reported record full-year revenues, up 6 per cent y-o-y, at $2.6 billion (€2.4bn). Revenues were helped by a strong return to business for its in-flight broadband services and the company said it expected its acquisition of London-based Inmarsat to close by the end of May subject to receiving approval from […]
London-based Inmarsat will be absorbed by Viasat of California in the near future. Meanwhile, the satellite telco has delivered its strongest revenue numbers in 44 years with improved results cross all its key divisions. Its Aviation segment jumping by more than one-third in Q1 and its Maritime division saw its ninth consecutive quarter-year of growth. […]
BT has delivered on its outlook for FY23, according to the telco’s Chief Executive, Philip Jansen. Commenting on the results that BT had grown both pro forma revenue and EBITDA for the first time in six years while navigating an “extraordinary” macro-economic backdrop. “Over the last four years we have stuck firmly to our strategy […]
French telco Iliad has reported that its performance in Q1 2023 was is in line with its full-year 2022 outlook, with a strong commercial showing and an increase in revenues. Despite a much more unfavourable economic context than in first-quarter 2022 as well as higher growth capex in France, operating free cash flow generation remained […]
Vodafone Spain saw its revenues fall by 3.7 per cent to €875 million in the fourth fiscal quarter (January to March), which was still an improvement on the previous quarter when there was an 8.7 per cent decline. For the whole year, Vodafone posted a 5.7 per cent drop in revenues on the previosu year […]
The Walt Disney Company, amidst its 100th anniversary, has reported its Q2 2023 earnings. Revenues were at $21.81 billion (€19.94bn), an increase of 13 per cent on the same period last year. Disney+ lost 4 million subscribers (now at 157.8 million), mostly via its Hotstar service in Asia, after losing 2.4 million in the previous […]
ITV has published its Q1 trading update for the 3 months to March 31st. Total external revenue was down 7 per cent to £776 million (€893.3 million). Carolyn McCall, ITV Chief Executive, commented: “ITV continued to make significant strategic progress in the quarter and all parts of the business performed in line with expectations. ITVX […]
Eutelsat continues to suffer a downturn in its Broadcast division revenues. Its Q3 numbers, released on May 11th, reported an overall decline in revenues of 7 per cent with its Broadcast division falling back (y-o-y) of 9.3 per cent as reported. Government Services also fell back 9.3 per cent (and a worrying 13.4 per cent […]
Spanish telco Telefónica saw its profit fall by 57 per cent to €298 million even though revenues grew by 6.7 per cent to €10.04 billion in the first quarter of the year – with Brazil, Germany and UK being the best performing markets in terms of revenues with a growth of 17.5 per cent, 8 […]