ARRIS Group has announced preliminary and unaudited financial results for the third quarter 2015. “Our third quarter results were in line with our expectations and are lower than the third quarter of last year when we were launching an unprecedented number of new products. We continue to encounter headwinds, in particular, those related to telco […]
Twitter stock dropped by more than 10 per cent on Tuesday after the social media outfit revealed it had failed to add any new users in the US for the second quarter in a row. In order to halt the slowdown Twitter is turning to old media, it will start airing TV ads during the […]
London Live, the London TV channel launched by Evgeny Lebedev’s media company, has reduced its losses to £6 million (€8.3m) and is now targeting breakeven in 2017. The TV business, which has gone through a major restructuring and content shift, is understood to have made an operating loss of about £6m in the year to […]
Altice confirmed its annual profit target despite slowing Q3 sales at its French cable and mobile operator. Operating profit at the group rose by 13 per cent from the same quarter last year to €1.53 billion on a “pro forma” basis, which smooths out the impact of acquisitions on the group’s results. Sales slid 2.9 […]
Telenor’s satellite broadcasting division saw improved Q3 numbers, and improved revenues for its first 9 months of the year, according to data from the company. Telenor operates a fleet of satellites from the 1 degree West orbital position. TSBc enjoyed an increase of NOK 21 million (€2.2m) taking quarterly revenues to NOK 259 million (NOK […]
Shares in Eros International Media, the Bollywood studio and provider of the self-styled “Netflix of India”, crashed 20 per cent on fears over accounting policies and growth rates in its streaming business. Eros was backed by investors hopeful that India’s largest film studio by revenue could transform itself into a Netflix-style media platform, tapping a […]
Orange Spain is doing better in terms of revenues and clients. In the third quarter of the year, the company managed to slow its decline in revenues, from falls of 2.5 and 5 per cent in the previous quarters to a 1.7 per cent decline to €1.22 billion. Since the acquisition of Jazztel in July, […]
US pay-radio operator SiriusXM reported record Q3 revenues of $1.17 billion (up 11 per cent) on October 22nd, and raised its guidance once again for its full-year numbers to reflect a growing appetite for its multi-channel radio services. Subscriber numbers are up, as is revenue and EBITDA. “With subscribers at an all-time high of nearly […]
MTG’s recent restructuring has cost it SEK700 million (€74.2 million) int has reported in its Q3 results. The TV group has undertaken a company-wide restructure, announcing 300 job cuts in August as part of a programme of cuts across its operations in the UK Sweden, Norway and Denmark. Over half of the restructuring charges relate […]
Orange posted higher Q3 sales and core profit for the first time since 2009 helped by stronger results in its key market of France, prompting it to raise its annual profit target. Europe’s fourth largest telco said restated earnings before interest, tax, depreciation and amortisation (EBITDA) would reach at least €12.3 billion this year, compared […]