Advanced Television

Results

Netflix up 9.3m subs, focus switch to profit

Netflix added 9.3 million subscribers in Q1 2024, hugely surpassing analyst estimates, and now has 269.6 million subscribers globally, further asserting the company as the world’s leading streaming service. Netflix reported revenue of $9.4 billion (€8.8bn), up 15 per cent YoY, and operating income of $2.6 billion. The company advised that it will stop reporting […]

April 19, 2024

Italy: Rai breaks even in 2023

Italian public broadcaster Rai achieved a balanced net profit for 2023, according to financial statements approved by its Board of Directors. Net debt improved to €568 million compared to the previous year, indicating a sustainable financial position. Despite missing revenue from major sporting events and facing advertising restrictions, overall advertising income grew by more than […]

April 18, 2024From Branislav Pekic in Rome

Nokia Q1 sales down 19%

Nokia has reported a slow start to 2024 with net sales declining 19 per cent year-on-year, in constant currency (-20 per cent reported) in Q1. The company noted that the environment is still challenging, but order trends continue to improve year-on-year, particularly in Network Infrastructure. Nokia’s full year 2024 outlook is unchanged. The company currently […]

April 18, 2024

ProSiebenSat.1 Q1 recovery; MFE readies bid?

German broadcaster ProSiebenSat.1 has reported what it has described as “a very good start to the year”, and achieved profitable growth in many areas of the portfolio in Q1. This is the result of an analysis of preliminary figures. The Group increased its revenues in the first quarter by 6 per cent to €867 million […]

April 16, 2024

Ericsson Q1: Profits grow despite sales drop

Ericsson has reported that sales declined organically by 14 per cent YoY in Q1, attributed to a 19 per cent decline in Networks. Reported sales decreased to SEK 53.3 billion (€4.59bn). Gross income excluding restructuring charges decreased to SEK 22.8 billion as lower sales were partly offset by an improvement in gross margin. Reported gross […]

April 16, 2024

Iger wins Disney board battle

Walt Disney has secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz’s hedge fund Trian Fund Management. Enough votes had been to put Disney’s board directors safely ahead of Trian’s two challengers, Peltz and former Disney chief financial officer Jay Rasulo, sources told reuters. Blackwells Capital, another hedge fund […]

April 3, 2024

AST SpaceMobile hit by delays

AST SpaceMobile is being rebranded to AST Networks. That was the one positive slice of news to emerge from its end-of-year results. The company’s overall news didn’t help confidence with investors and its share price crashed 13.6 per cent on April 1st and another 24 per cent on April 2nd. AST undoubtedly has a great […]

April 3, 2024By Chris Forrester

Telesat suffers from declining DTH

Ottawa-based satellite operator Telesat has reported it is under further pressure from its declining DTH video business but maintained its formal guidance for this year’s revenue and profit targets. However, the disappointing results sent its share price tumbling 11 per cent despite some optimism for the company’s transition to a LEO operator. April 1st brought […]

April 2, 2024By Chris Forrester

Nilesat FY profits up 12%

Cairo-based Nilesat reported a 12 per cent increase in profits for the year ended December 31st 2023. The company’s profits reached $43.754 million, compared to $38.967 million in 2022. Revenues from operations also increased by 2 per cent to $101.825 million, compared to $99.859 million in 2022. The announcement was made during the company’s general […]

April 2, 2024By Chris Forrester

Netgem CEO: “We’re profitable and debt-free”

The Netgem Board of Directors has approved the accounts of the 2023 financial year. The Group says its 2023 show “the acceleration of all profitability indicators”. The Board specifies its outlook for 2024: Positioning refocused in the market for video entertainment technological services and solutions (‘Entertainment Tech’), Balance sheet able to finance its strategy of […]

April 2, 2024