After much delay, troubled streaming service Viaplay has posted its Q3 results revealing that operating income for the quarter dropped by SEK -321 million (€28.1m). Further quarterly highlights included: 7 per cent Group organic sales growth with reported net sales of SEK 4,536 million 17 per cent Viaplay organic sales growth and Viaplay now represents […]
Investment bank Jefferies, in a report for clients, says that Nordic streaming results Viaplay’s current equity value is “essentially written down to nil” and with the current equity “wiped out” it has rated Viaplay as “Underperform”. “The execution risk of the plan is low. Management’s tone on the 7am (December 1st) UK call [on the […]
Digi has reached a preliminary agreement with Orange-MásMóvil to acquire the so-called remedies, the surplus assets from the merger. This move may pave the way for the EU approval of the merger, still under the EC scrutiny and valued at over €18 billion. If acquired, Digi says it will invest around €2 billion over the […]
Struggling international streamer Viaplay has again pushed back the release of its Q3 results as it continues restructuring negotiations. The board decided to push back the publication of its Q3 2023 numbers to after close of trading on NASDAQ Stockholm on November 30th, as intense discussions continue with its largest shareholders, lenders and bondholders on […]
Italian TV tower company Rai Way has reported a 24 per cent increase in net profit for the first nine months of 2023, to €69.8 million, as a result of higher revenue and lower costs. Core revenues were up 10.7 per cent on an annual basis to €204.1 million, of which €172.6 million attributable to […]
Romanian telco Digi is performing well in Spain. significantly increasing its number of customers and revenues. The company has announced that it now has 6.1 customers after gaining 337,000 in the third quarter, making it the fourth largest telco in the country. Year-on-year Digi’s customer basis has grown by 32 per cent, over 1.5 million, […]
Satellite builder Terran Orbital reported that its revenues for 2023 would be almost half original expectations because key client Rivada Space Networks has yet to make an agreed milestone payment. The original expectation for 2023 was for $250 million (€230.3m) in revenue. Now Terran says it will be “in excess” of $130 million, some 48 […]
ProSiebenSat.1, the German mass media company, has reported that revenues have stabilised after what it described as “a difficult first half of the year”. Group revenues in the third quarter of 2023 were 3 per cent below the previous year at €888 million (previous year: €911 million). Organic revenue growth was almost stable. By contrast, […]
The Walt Disney Company has reported earnings for its fourth quarter and full year ended September 30th 2023. Financial Results for the Quarter and Full Year. Revenues for the quarter and year grew 5 per cent to $21.24 billion (€19.8bn) and 7 per cent compared to the prior-year quarter and prior year, respectively. Disney+ added […]
Viasat of California, which also now owns London-based Inmarsat, made some bif announcements at its Q2 financial report; one satellite has been cancelled and 800 staff laid off. Viasat stated that its results showcased “resilient growth and momentum” but was making key decisions on capital expenditure that will strengthen the focus on its mobility and […]