Berenberg


NENT Group ‘set for bigger losses’ in near term, but international prospects look good

Nordic Entertainment (NENT Group) is set to incur increased cumulative losses as it spends more on content to feed its international growth ambitions for streaming service Viaplay, but the company’s big international bet is likely to be justified, according to analysts at Berenberg. Following NENT Group’s announcement that it was doubling its international subscriber outlook […]

Berenberg: Viaplay set for stellar international growth

Nordic Entertainment’s (NENT Group) foray into international streaming video markets including the Netherlands and Poland is likely to deliver faster subscriber growth than predicted by the company’s own management, according to analysts from Berenberg. According to the analysts, NENT Group’s Viaplay platform is likely to deliver 452,000 Nordic and 348,000 international subscribers this year, up […]

Berenberg: NENT stands apart as European SVOD ‘champion’ as other broadcasters look to AVOD

Nordic Entertainment Group (NENT) stands apart as a ‘traditional’ broadcaster that has successfully captured a large share of the digital market in an environment where the COVID-19 pandemic has accelerated a permanent shift to digital video consumption, according to an analysis by Berenberg. Assessing the overall video distribution market, Berenberg believes that “the shift away […]

Berenberg bullish on Viaplay launch plans for Baltic and Poland

Nordic Entertainment Group’s (NENT Group) prospects for success in the Baltic states and Poland have received a thumbs up from analysts at Berenberg. According to the analysts, NENT’s prospects for its forthcoming streaming launch in the Baltics, where it plans to roll out its Viaplay service in Q1 2021, are good. They cited the success […]

Eutelsat and SES: a tale of contrasting fortunes

Satellite operators Eutelsat and SES will experience contrasting fortunes in the near term, with Eutelsat positioned to fare better than its Luxembourg-based rival, according to analysts at Berenberg. According to Berenberg, Eutelsat and SES have diverged strategically over the last few years, with the Paris based operator focusing on generating free cash flow and cultivating […]

NENT Group ‘stands apart’ among broadcasters taking on streaming giants

Nordic Entertainment Group (NENT Group) stands on its own as an example of a broadcaster successfully making the transition to online media and competing with SVOD giants thanks to its strong content assets and – in particular – its “high-quality sports right portfolio”, according to analysts at Berenberg. Berenberg is highly positive about the prospects […]

Mediaset benefits from Italian ad recovery

Mediaset has benefited from a strong recovery in the Italian advertising market in the third quarter, with the broadcaster’s ad sales in the country bouncing back with 4.7% growth. Overall, Mediaset posted revenues for the first nine months of the year of €1.723 billion, down from €2.03 billion last year. Revenues in Italy were down […]

ProSiebenSat.1 sees strong recovery as ad market and e-commerce deliver

German broadcaster ProSiebenSat.1 saw a strong recovery in the third quarter, with revenues almost on par with 2019 thanks to a recovery in the ad market and a strong showing from online beauty and dating properties. The group posted revenues of €921 million, down from €926 million in 2019, with EBITDA up 13% to €149 […]

Eutelsat better placed than SES, says Berenberg

Satellite operator Eutelsat is a better bet for investors than rival player SES, according to analysts at Berenberg, who argue that the Paris-based operator’s video business and cash flow, bolstered by its recent contract renewal with anchor customer Sky Italia, place it in a stronger position than its Luxembourg-based competitor. Berenberg says that the Sky […]

Eutelsat delivers ‘robust’ results as broadcast business holds up

Satellite operator Eutelsat has turned in what CEO Rodolphe Belmer described as a “robust” set of full-year results that saw broadcast revenues fall by only 1.2% on a like-for-like basis year-on-year, while overall revenue dropped by 5%. Eutelsat posted total revenue of €1.278 billion for the year, with broadcast revenues accounting for €785 million, the […]

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