Nokia has reported that net sales declined 21 per cent y-o-y in constant currency (-23 per cent reported) in Q4 as macroeconomic uncertainty continues to pressure operator spending. Full year net sales declined 8 per cent y-o-y in constant currency (-11 per cent reported). The company said that the environment remained challenging in Q4, however […]

Netflix added a better-than-expected 13.1 million subscribers in Q4 2023 as it comfortably maintained its status as the world’s leading streaming service. At year end, Netflix reported 260.28 million total subscribers globally. Revenue in the quarter grew 12 per cent year on year to $8.83 billion (€8.1bn). In a letter to shareholders, the company said: […]

Ericsson has reported its Q4 and full-year results for 2023. Fourth quarter highlights include: Sales declined organically by -17 per cent YoY, driven by a -23 per cent decline in Networks. Reported sales were down by -16 per cent to SEK 71.9 billion (€6.3bn). Gross income excluding restructuring charges decreased to SEK 29.6 (35.7) billion. […]

Multichannel programmer UKTV has achieved record growth in 2023 for the network and its free streaming service UKTV Play. UKTV’s SOCI (Share of Commercial Impacts) reached 8.81 per cent, the highest ever for the seven channel network. The broadcaster also grew share by 5 per cent to a record 4.92 per cent, up from 4.70 […]

Dubai-based (but Bermuda registered) ABS has revealed its full year results (to September 30th 2023). The operator says that its financial turnaround is underway under its new ownership. However, a recently hired CEO is stepping down “with immediate effect”. ABS was previously owned by private equity firm Permira. It now has a strategic alliance with […]

Social media platform TikTok registered a €44.3 million turnover in France in 2022, and a 49.7 per cent growth over one year. In 2020, the company posted just €2.5 million revenues. According to French press reports, TikTok, just three years after its launch in the country, is now competing with established DTT media groups such […]

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 […]