SES slows down decline in video revenue

SES saw its decline in video revenues slow down in the second quarter. The company’s video revenues declined by 1.9% in the quarter, compared with 4.2% year-on-year in the first quarter. SES said that the outlook for video was now stable. Video represents two thirds of group revenue at €700 million. SES nearly doubled reported […]

Vodafone sees TV subscribers dip but convergent base grows

Vodafone saw its TV base hit by losses in Spain in the quarter to June, but the group claimed success from its marketing of fixed-mobile convergent offerings. Vodafone overall had 9.6 million TV homes in Europe at the end of June, or 13.5 million including the VodafoneZiggo joint venture in the Netherlands. The company said […]

Discovery financials hit by currency fluctuations and Eurosport costs

Revenues and profit have taken a hit at Discovery Communications’ international business, with the US-listed channel operator blaming exchange rates and increased costs at its Eurosport operation. Discovery’s international revenues had started to eclipse those from the US, but the domestic business is once again generating more than the global operation. Currency fluctuations were one […]

Intelsat looks to new growth as headwinds hit revenues

Multiple headwinds including price competition reflecting over-supply of wide-beam capacity, compounded with currency challenges contributed to a 9% drop in second quarter revenue for Intelsat to US$542 million, and a decline in EBITDA of 13% to US$411 million. Intelsat said that downward trend would continue ahead of the entry into service of four new satellites […]

Envivio makes ‘significant progress towards profitability’

Encoding specialist Envivio reported a “significant progress towards profitability” in its most recent quarter after cutting its net loss to US$0.6 million. The company said that revenue of US$11.7 million, which was up slightly year-on-year, was driven by “several large tier-one customer wins.” “We continue to balance our progress toward profitability with investing in our […]

MTG says quarterly earnings put it back on track

Modern Times Group has reported increased in quarterly and nine month and said the growth puts its investment plan back on track. The company, which has free and pay TV operations throughout Europe and is moving into Africa, reported quarterly sales of SEK3.2 billion (€365 million) for the three months to end-September, up 9% year-on-year, […]

Sky profits hit by football, connected service costs

Sky reported strong customer growth in the three months ending September 30, but operating profits slipped by 8% due to an increase in Premier League football costs and investments related to customer take up of connected services. In the quarter, Sky reported an increase of 800,000 paid-for subscription products, up 50% year-on-year. The firm added […]