Interactive TV specialist OpenTV reported reduced revenues, net income and EBITDA for the first quarter as the impact of the recession continues to bite.
The company posted revenues of US$29.4m (22m), down 13% on the same period last year. Net income fell by US$5.1m to US$1.2m, while EBITDA before exceptional items dropped by US$3.5m to US$4.1m. More positively, OpenTVÂs cash position improved quarter-on-quarter to US$114.2m, while deferred revenue amounted to US$36.3m, also up quarter-on-quarter.
CEO Ben Bennett said the results showed that the company was sustaining profitability and operational improvements in a difficult economic environment.Â
ICYMI: Mediaset becomes MFE-MediaForEurope digitaltveurope.com/2021/11/26/med… https://t.co/KHUh0mlQTR
26 November 2021 @ 19:30:00 UTC
Ocilion wins two more network operator deals in Germany digitaltveurope.com/2021/11/26/oci… https://t.co/Dpkx2tc7kN
26 November 2021 @ 18:30:00 UTC