Chris Licht, CEO of CNN, is out at the news network. The NYT reports he met with WBD chief David Zaslav, who then told staff that Licht was departing immediately. Licht had been handpicked a year ago by Zaslav to steer CNN after the departure of its long-time chief Jeff Zucker. However Licht’s tenure was […]

Entertainment provider Viaplay has announced a downgrade of its short-term outlook for 2023 following an accelerated deterioration in the operating environment and longer than expected realisation of its cost savings programme. The Group has also withdrawn its long term operational and financial guidance. An update on the medium term outlook is expected to be provided […]

The Covid pandemic was a once in a lifetime stress test for many sectors. No customers on the streets represents the darkest of times for hospitality, retail and live entertainment. For streamers, though, ‘Happy Days’. Time on everyone’s hands and nothing else to spend their money on. The bump to their subscriber numbers and revenues […]

Cairo-based satellite operator Nilesat has reported a 2.8 per cent Q1 rise in its net profit in the three months to March 31st 2023. First-quarter net profit rose to $7.47 million (€6.9m), from $7.27 million in the same period in 2022, although this was down on the 2021 Q1 period when net income was stated […]

California-based satellite operator Viasat has reported record full-year revenues, up 6 per cent y-o-y, at $2.6 billion (€2.4bn). Revenues were helped by a strong return to business for its in-flight broadband services and the company said it expected its acquisition of London-based Inmarsat to close by the end of May subject to receiving approval from […]

London-based Inmarsat will be absorbed by Viasat of California in the near future. Meanwhile, the satellite telco has delivered its strongest revenue numbers in 44 years with improved results cross all its key divisions. Its Aviation segment jumping by more than one-third in Q1 and its Maritime division saw its ninth consecutive quarter-year of growth. […]

BT has delivered on its outlook for FY23, according to the telco’s Chief Executive, Philip Jansen. Commenting on the results that BT had grown both pro forma revenue and EBITDA for the first time in six years while navigating an “extraordinary” macro-economic backdrop. “Over the last four years we have stuck firmly to our strategy […]

French telco Iliad has reported that its performance in Q1 2023 was is in line with its full-year 2022 outlook, with a strong commercial showing and an increase in revenues. Despite a much more unfavourable economic context than in first-quarter 2022 as well as higher growth capex in France, operating free cash flow generation remained […]

Vodafone Spain saw its revenues fall by 3.7 per cent to €875 million in the fourth fiscal quarter (January to March), which was still an improvement on the previous quarter when there was an 8.7 per cent decline. For the whole year, Vodafone posted a 5.7 per cent drop in revenues on the previosu year […]

The Walt Disney Company, amidst its 100th anniversary, has reported its Q2 2023 earnings. Revenues were at $21.81 billion (€19.94bn), an increase of 13 per cent on the same period last year. Disney+ lost 4 million subscribers (now at 157.8 million), mostly via its Hotstar service in Asia, after losing 2.4 million in the previous […]