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Telesat “pleasing progress” in 2020

Canadian satellite operator Telesat has announced its financial results for the three-month and one-year periods ended December 31st 2020 For the year, Telesat reported consolidated revenue of C$820million (€541m), a…

ProSiebenSat.1 reacts “quickly and strongly” to pandemic

ProSiebenSat.1 reacts “quickly and strongly” to pandemic

Germany mass media company ProSiebenSat.1 closed the 2020 with a strong fourth quarter: In this period, Group revenues increased by 11 per cent to €1.492 billion. All segments contributed to…

fuboTV nears 550k subs

fuboTV nears 550k subs

fuboTV, the US sports-first live TV streaming platform, has announced its financial results for the fourth quarter and full year ended December 31st 2020. The company closed its strongest fourth…

Bank: “2021 a build-back year for F1”

Bank: “2021 a build-back year for F1”

Formula 1’s revenues of $485 million (€400m) for Q4 were 7 per cent lower year-on-year, and below market expectations. A report from investment bank Berenberg says that F1’s financial numbers…

SXM-7 confirmed as a total loss

The technicians at Maxar Technologies might never know precisely what happened to SXM-7; the pay-radio operator’s satellite that was launched on December 13th and was working perfectly, yet failed a…

Analysts forecast SES C-band gains

Sami Kassab, satellite analyst at investment bank Exane/BNPP, says that Covid-19 was not helping SES achieve its target revenue numbers, but the 9 per cent tumble in SES Video was…

Euskaltel Group sees record customers & revenue

Euskaltel Group sees record customers & revenue

Spain’s Euskaltel Group – comprising the brands Euskaltel, R, Telecable and Virgin telco – has published its 2020 results, consolidating the growth recorded by the company over the last few…

SES renews Sky deal; FY revenue dips

SES renews Sky deal; FY revenue dips

Ahead of its results announcement, SES confirmed it had extended its contract with Sky UK that will result in a €90 million gain in its secured backlog. SES added: “By…

Spain: Profits fall at Mediaset and Atresmedia

Spain: Profits fall at Mediaset and Atresmedia

The pandemic crisis has taken a big toll on the financial results of Spain’s two biggest TV groups, Mediaset and Atresmedia. Both saw their profits fall in 2020 by 15.6…

Kudelski adapts to pandemic reality

Kudelski adapts to pandemic reality

The Kudelski Group, a specialist in digital security, has announced its 2020 annual results. In 2020, total revenues and other operating income decreased to $741.5 million from $827.3 million in…

MTG “regains footing” in pandemic

Modern Times Group (MTG), the digital entertainment company, has published its Q4 2020 financial results report. Net sales declined by 9 per cent to SEK 1,064 million (€105.7m) with a…

EchoStar/Hughes Jupiter 3 satellite delayed

Covid-related production problems have hurt the planned launch of EchoStar and Hughes Network’s giant Jupiter 3 satellite. It has now slipped to H2/2022 after originally being scheduled for some time…

discovery+ nears 12m paying subs

discovery+ nears 12m paying subs

Discovery, the multichannel programmer, has reported financial results for the quarter and year ended December 31st 2020. Total revenues for 2020 were $10.6 billion (€8.7bn), down 4 per cent. US…

DISH Network slows subs losses

DISH Network slows subs losses

US pay-TV broadcaster DISH Network has reported revenue totalling $4.56 billion (€3.7bn) for the quarter ending December 31st 2020, compared to $3.24 billion for the corresponding period in 2019. Net…

Roku “pleased with resilience” in FY results

Roku “pleased with resilience” in FY results

Roku, the US streaming specialist, has released fourth quarter and fiscal year 2020 results that beat analyst’s expectations. In a conference call, Roku CEO and founder Anthony Wood said: “In…

Airbus: “Most challenging crisis”

While much of the Airbus Group results released this week are focused on its aircraft business, Airbus CEO Guillaume Faury told analysts that the past year represented the most challenging…

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