Advanced Television


Bank: Viaplay de-risked for Q4

In December 2022, pay-TV operator Viaplay and rival Telia entered into a partnership in Sweden. Further news emerged on January 18th with Viaplay and Bell Media’s Crave streaming service agreeing a distribution agreement for Viaplay Select in Canada. Ahead of the Canadian deal, a report from investment bank Berenberg, said the Telia news “was a […]

January 19, 2023

Bank upgrades SES

SES’s share price is currently at about €6.60, itself an improvement on typical prices of nearer €6.18. But a report from analysts at Berenberg Bank recommends clients ‘BUY’ SES and gives a target share price of €9.20. Good as this sounds (for investors) the new target price is lower than the bank’s previous guidance (which […]

January 16, 2023

Bank: “ITV audience demographics to worsen”

Investment bank Berenberg is maintaining its ‘SELL’ advice on UK commercial broadcaster ITV to clients. Moreover, the bank is also cutting its advertising revenue estimates for the broadcaster saying that demand has dropped “quite sharply” for Q4/2022. The bank suggests that ITV is not alone, noting: “Across Europe, the advertising environment is deteriorating, and it […]

November 7, 2022

Bank: “Viaplay down but not out”

Investment bank Berenberg says that Viaplay, the fast-expanding Nordic – and wider European – pay-TV and streaming operator is suffering from its Q3 financials. Indeed, says the bank, there is still “significant uncertainty” over the broadcaster’s Q4 performance. Nevertheless, Berenberg delivers ‘BUY’ advice to clients on Viaplay Group’s shares despite “the failure of strong direct-to-consumer […]

November 7, 2022

Bank: Concerns for ProSiebenSat.1

German commercial free-to-air broadcaster ProSiebenSat.1 Media issued reduced guidance for its Full Year revenues and financials on October 28th. The news prompted analysts at investment bank Berenberg to review its own position and advice. The bank also suggested that ProSiebenSat.1’s conversations with MediaForEurope (MFE) might “now accelerate”. Berenberg maintains its “HOLD” advice. “While the magnitude […]

November 1, 2022

Are Eutelsat’s problems just beginning?

Eve Berneke, CEO at Eutelsat, cannot be blamed for attempting to look forward as she seeks to re-establish the satellite operator into a new beast which will offer both geostationary and low Earth orbit connectivity once its merger with OneWeb happens. But the market clearly doesn’t yet totally share her view that ‘jam tomorrow’ is […]

October 18, 2022

Bank: Firm ‘BUY’ SES advice

Satellite operator SES has seen its share price not only perform miserably (by any measure the shares are ‘in the toilet’ currently) but continuing to be under pressure. The deterioration has prompted a report from investment bank Berenberg. The bank issued very firm ‘BUY’ advice to clients, and giving a price target of €11.20. Currently […]

October 17, 2022

Bank: “Video game market remains soft”

A report on the video games sector from investment bank Berenberg says that q-o-q that there has been some improvements in sales and revenues but that the “market remains soft”. “While global video game sales declined slightly y-o-y in Q3 2022, sales grew q-o-q, helping stem the double-digit declines seen earlier in 2022. PC and […]

October 6, 2022

Bank trims ProSiebenSat.1 guidance

A report from analysts at investment bank Berenberg says that advertising revenues at German broadcasting giant ProSiebenSat.1 Media are softer and weaker than anticipated. Indeed, the report says that advertising assumptions for the Germany, Austria and Switzerland markets might be too optimistic. “While the guidance from March 2022 reflected an assumption of DACH advertising revenues […]

August 17, 2022

Bank: “LADbible outperforming the market”

LADbible’s social media brands have an audience of around 1 billion, with 262 million followers globally and claims 28 billion content views every year. Investment bank Berenberg has compared and contrasted the progress of LADbible, part of LBG Media, against some heavyweight peers including Google, Amazon, Criteo, Snap and ITV, and importantly, online and video […]

August 9, 2022