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Naspers issues profits warning

South African multi-national Naspers, which backs the Netherlands-based Prosus media/broadcasting entities and the Media24 media group, has issued a profits warning, saying that it expects a “major decline” in its half-year position. Naspers warned investors that headline earnings per share for its continuing operations would decline by between 100 per cent and 108 per cent […]

November 23, 2022By Chris Forrester

Seraphim Space: Portfolio valuation rises

UK-based Seraphim Space reported its Q1 numbers on November 17th, saying that its portfolio valuation had increased by £21 million to £207 million helped by foreign exchange gains (worth £13.8 million) and investments made during the quarter to September 30th. Seraphim had made three new investments during the quarter-year and four other follow-on transactions totalling […]

November 18, 2022

ProSiebenSat.1 Q3 revenue down 13%

In the third quarter of 2022, ProSiebenSat.1 Group generated Group revenues of €921 million, down 13 per cent (previous year: €1.055 billion), in what is called a “challenging market environment”. Adjusted for currency effects and excluding the revenue contributions of portfolio companies recently disposed, such as the US production business of Red Arrow Studios as […]

November 15, 2022

Yahsat planning 2 new satellites

Abu Dhabi-based Yahsat has issued RFPs for two new satellites (Al Yah 4 and Al Yah 5) with launch targets of 2026-2027. The news came as part of the operator’s financial results for the nine months to September 30th. Yahsat says almost all of its divisions reported growth with improved revenues and that the company […]

November 15, 2022By Chris Forrester

NileSat revenues improve

NileSat has not enjoyed the best of times this past few years, with revenues and profits under pressure. But this year is proving to be significantly better. The satellite operator has reported 48.90 per cent higher profits during the first nine months of 2022 to $30.24 million, compared to $20.30 million in the corresponding period […]

November 14, 2022By Chris Forrester

MDA boosted by Apple contract

Canada-based space technology business MDA reported “strong top-line” growth for Q3 2022, with revenues at C$172 million (€125.6m), up 55 per cent y-o-y. Profitability was solid with EBITDA of C$38.8 million (up 22 per cent y-o-y). Perhaps even more importantly, the company’s backlog is up a very healthy 70 per cent to C$1.4 billion, an […]

November 14, 2022By Chris Forrester

Deutsche Telekom raises FY guidance again

Deutsche Telekom continues its stable growth course. Net revenue at the German telco increased by 8.8 per cent year-on-year in the third quarter of 2022 to €29 billion. Even higher was the growth in service revenues, which increased by 12.5 per cent to €23.6 billion. Adjusted EBITDA AL increased by 8.5 per cent in the […]

November 10, 2022

Disney+ adds 12m subs; spend weighs on profit

The Walt Disney Company has reported earnings for its fourth quarter and fiscal year ended October 1st 2022. The Disney+ streaming service now has 164.2 million global subscribers, an increase of 12.1 million on Q3. However, Disney warned executives in a conference call that growth is expected to slow in the fiscal first quarter. Across […]

November 9, 2022

ITV “mindful of uncertainty” as revenues rise 6%

ITV, the UK’s largest commercial broadcater, recorded revenues of £2.52 billion (€2.8bn) for the first nine months of 2022, a year-on-year increase of 6 per cent. Advertising revenues saw a 14 per cent drop in Q3, but with the World Cup on the horizon, ITV said it expected ad revenue to ease by 1-1.5 per […]

November 9, 2022

Viaplay reaffirms targets; Pickbox NOW deal

Viaplay Group has reaffirmed its strategic targets and full year 2022 guidance as it reported its Q3 results announcement. The Group says its international operations are performing ahead of plan, while short-term challenges are being addressed in the Nordic markets. The Group’s 2023 outlook is for Group sales to grow by 24-26 per cent on […]

November 9, 2022