Netflix seriously disappointed the market with its Q2 numbers released after the market had closed on July 18th. In after-hours trading its stock price crashed down 15 per cent. Investors had been expecting net new subscriber numbers of 2.5 million, but Netflix CEO Reed Hastings reported that the OTT company had managed to add only […]
Ericsson reported a further slow in sales in the second quarter, with revenues down 11 per cent year-on-year to SEK 54.1 billion (€5.7bn). The economic weakness in areas such as Brazil, Russia and the Middle East hit sales, while the company’s growth markets, China and North America, posted flat sales. Ericsson said it expects the sales […]
Modern Times Group (MTG) has reported Q2 sales of SEK 4,328 million, up from SEK 4,155 in the last quarter, and operating income of SEK 472 million. The Scandinavian broadcaster reported total net income of SEK -674 million and total basic earnings per share of SEK -10.70, including net income from discontinued operations of SEK […]
BBC Worldwide has announced its 2015/16 financial results claiming returns to the BBC above the £200 million (€237m) level and ‘continued transformation of the company and further investment in both the company and the wider UK creative industries.’ The results include the impact of the first full year without 100 per cent ownership of BBC […]
Eutelsat is restructuring its business, cutting capital expenditure and re-assuring the market that it will quickly return to its top-line targets as a result of the fresh strategy. The news emerged from a special ‘Investor Day’ held in Paris early on June 27th. Eutelsat has suffered these past weeks with a collapse in its share […]
Madrid-based satellite operator Hispasat reported a growth in revenue of 8.7 per cent at €219.6 million, and its General Shareholder Meeting on June 22nd decided to pay out €12.5 million in shareholder dividends. “After another business year, Hispasat’s financial soundness and high profitability have once again been demonstrated, while at the same time confirming plans […]
Amino Technologies, a UK-based provider of digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, has published a trading update for the six months ending May 31st 2016. Trading for the period was in line with market expectations for revenue, and profit before tax and exceptional items. Net cash of £3.1 million as […]
TiVo claimed 7.1 million subscriptions for the first quarter ending April 30, 28 per cent up on the 6.1 million a year earlier and including 312,000 net additions. TiVo’s directly controlled susbs rose to 974,000 with gross additions up by 8 per cent year-on-year despite cutting 19 per cent from sub acquistion spend. TiVo also […]
Indian DTH is still generating solid growth. Videocon d2h added a net 590,000 new subscribers during its Q4 (gross subs grew 790,000). The growth takes Videocon d2h’s total to 11.86 million subscribers. Monthly churn is also down, to 0.58 per cent (from 0.73 per cent in the previous quarter). Q3 revenues grew 22 per cent, […]
Israel-based RR Media, now in the process of being acquired by satellite operator SES, report record revenues in the first quarter of 2106 of $35.6 million (€31.7m), up 17 per cent on the same period last year. The SES purchase is expected to close mid-2016 when it will merge with SES subsidiary SES Platform Services. […]