MTG reports continuing operations growth, despite eSports losses

MTG reported 83% profit growth for continuing operations in Q3, despite wider losses for its eSports operations. The Nordic company reported higher profits and margins for Nordic Entertainment, International Entertainment and MTG Studios. Meanwhile, its digital arm MTGx recorded lower losses on a sequential and year on year basis, thanks to the contribution from Innogames […]

Netflix adds record Q3 subs, plans US$8bn content spend in 2018

Netflix added a record number of Q3 subscribers in its most recent quarter and announced that it now plans to spend up to US$8 billion on content in 2018. The SVOD giant said in its latest earnings report that it added 5.3 million members globally in the third quarter of 2017, up 49% year-on-year and […]

Sky profits hit by Premier League costs

Sky saw its operating profit fall by 11% to £1.013 billion (€1.211 billion) in the first nine months of its current financial year as the increased cost of Premier League rights took its toll. The pay TV giant nevertheless saw revenue grow by 11% to £9.6 billion in the same period. Operationally, Sky grew its […]

Altice lifted by stronger SFR showing and solid US results

Altice has seen a solid improvement in the performance of its French SFR business, which together with a strong showing from Altice USA contributed to better than expected Q3 results for the international cable and telecom group. SFR improved its fixed-line performance and reduced churn, which it attributed to the introduction of new converged packages […]

Facebook to expand dedicated video efforts

Facebook is due to roll out its dedicated Video Home section widely across the service and could consider launching it as a standalone app in the future. Speaking on the company’s third quarter earnings call, CEO Mark Zuckerberg said that while there are no current plans for a standalone video service, other Facebook services have […]

WWE Network reports 24% increase in subscribers

Subscribers to over-the-top wrestling service WWE Network increased 24% year-on-year to 1.46 million in the third quarter. Announcing its results last week for the three months ended September 30, World Wrestling Entertainment said that WWE Network subscription revenue increased 18% to US$42.8 million from US$36.4 million in the prior year quarter. However, overall revenues from the company’s media division decreased […]

CME posts strong Q3 results

CME’s underlying profits more than doubled year-on-year in Q3, with the broadcast group reporting a rise this year in ad revenues, subscriptions and carriage fees. Announcing its third quarter results, Central European Media Enterprises said that operating income before depreciation and amortisation (OIBDA) came in at US$18.0 million, compared to US$8.35 million a year earlier. […]

Technicolor boosted by connected home, entertainment gains

Technicolor reported a 30% year-on-year increase in Q3 profits as its Connected Home and Entertainment Services divisions continued to drive growth. Announcing its third quarter revenues, Technicolor said they were up 29.8% at constant and 29.3% at current currency, coming in at €1.135 billion – reflecting “solid organic performance” and “further benefits from last year […]

Ericsson Q3 results to be ‘significantly lower then expectations’

Ericsson has warned that its third quarter results will be “significantly lower than company expectations”, a week after it said it would cut 3,000 jobs in Sweden. Announcing its preliminary Q3 results, Ericsson said that negative industry trends from the first half 2016 have “further accelerated”. It noted weaker demand for mobile broadband – especially […]

Sky reports strong results despite increase in churn

Sky reported increased profit and revenue in its latest quarterly results, despite increased churn across all of its markets. Announcing figures for the nine months ended March 31, the European pay TV operator said that churn for the quarter – or the proportion of customers leaving Sky – in the UK and Ireland was 10.7%, […]