Ericsson has reported second quarter results for 2024. Börje Ekholm, President and CEO, commented: “In Q2, we maintained our leading market position, returned to growth in North America, and delivered strong gross margin expansion and free cash flow. We remained focused on matters in our control, to optimise our business amid a challenging market environment, […]
Samsung Electronics expects profits for Q2 2024 to jump 15-fold compared to the same period last year, attributed largely to the AI boom which has transformed the prices of advanced chips. The South Korean firm is the world’s largest maker of memory chips, smartphones and televisions. The news pushed Samsung shares up more than 2 […]
Airbus Space & Defence has problems. Unlike its major rival Boeing, there’s nothing wrong with its A320 aircraft production, but Airbus’s troubled space division has implemented a €900 million write down in charges – effectively losses against its Q2 2024 revenues – and Airbus CEO Guillaume Faury said a thorough review has led to a […]
Viasat’s shares tumbled 11 per cent following its Q4 and end-of-year financial results in after-hours trading on May 21st. Viasat, which now owns London-based Inmarsat, said that its net loss has grown to $90 million (€82.9m) – up from $62 million in the same period last year. But there was one major shining light in […]
Bitmovin, a provider of video infrastructure solutions, has reported that its Q1 2024 was the biggest quarter in annual recurring revenue (ARR) bookings for the company since Q4 2020, a time when the industry invested in better experiences to keep people entertained across the globe during the pandemic. Looking at this quarter on quarter, total […]
BT Group has reported its FY numbers. Revenue stood at £20.8 billion (€24.2bn), up 1 per cent YoY, and adjusted revenue at £20.8 billion, up 2 per cent on a pro forma basis attributed to price increases and fibre-enabled product sales in Openreach, increased service revenue in Consumer with annual contractual price rises being aided […]
Terran Orbital has released its Q1 numbers, and reported that it has received a major order from Lockheed Martin for “18 space vehicles for the US Space Development Agency” – taking its Q2 portfolio of orders received to beyond $100 million. However, there has been no interim payment during the quarter-year from its major client, […]
ProSiebenSat.1 reports that it has continued positive trends in Q1 and has confirmed its full-year outlook. The German broadcasting group had a strong start to the year; while Group revenues increased by 6 per cent to €867 million in the first quarter of 2024, adjusted EBITDA grew by 35 per cent to €72 million despite […]
Ottawa-based geostationary satellite operator Telesat reported an underwhelming set of Q1 numbers. Every key metric showed a decline in revenues. Overall revenue was down a worrying 17 per cent year-on-year to C$152 million (€103.1m) for the three months to March 31st. “The decrease was primarily due to a reduction of services and lower rate on […]
AMC Networks has reported Q1 net revenues of $596 million (€552.3m), down 17 per cent from the prior year. Excluding nonrecurring revenues related to Apple TV+ series Silo and the sale of digital agency 25/7 Media, net revenues decreased 6 per cent. Streaming revenues stood at $145 million, an increase of 3 per cent on […]