The group posted revenues of €37.7 million, up 12%, with a net loss of €0.6 million, compared with a profit of €3.7 million last year. Operating income dropped from €4.1 million to zero.
The company continued to invest in its hardware and software platforms as well as the Videofutur service. Netgem TV, its services arm, posted revenues of 217.9 million, up 19%, while the NetBox arm saw a 7% revenue increase to €19.8 million. The company said that more of its software value was now coming from mobile and cloud activities.
The company merged its VideoFutur brand into a new pan-European Netgem TV unit, offering a fully managed and shared TV platform as a service in the cloud.
DTVE: the week in view – The future of American SVOD lies outside of the US digitaltveurope.com/comment/the-fu… https://t.co/pE0SQPovaf
24 October 2021 @ 19:00:01 UTC
ICYMI: Intelsat CEO Spengler to retire digitaltveurope.com/2021/10/22/int… https://t.co/gj3qF5u0Rx
24 October 2021 @ 18:00:01 UTC
Do you wonder if the set-top box will still be the industry's workhorse despite the shift to app-based experiences… twitter.com/i/web/status/1…
24 October 2021 @ 14:08:00 UTC