Charlie Ergen’s EchoStar satellite operation, despite losing subscribers on its Hughes Network Systems subsidiary, seems committed to launching its own Low Earth Orbiting fleet of satellites. EchoStar Corp CEO Hamid Akhavan has spoken in the past that Direct-To-Device connectivity from satellite to consumers is a huge opportunity. Now, in releasing the company’s full-year results, he […]

FuboTV, the sports-first live TV streaming platform, has reported its financial results for Q4 and full year ended December 3st, 2024. The company closed the full year 2024 in North America with record total revenue and paid subscribers, achieved its first quarter of positive free cash flow and improved key profitability metrics by over $100 […]

Italy-based media group MFE-MediaForEurope achieved a net profit of €251 million in 2024, up 15 per cent year-on-year and 60 per cent higher than forecast at the beginning of 2024. According to the preliminary financial results for 2024, EBIT reached €370 million, free cash flow amounted to €343 million (+23 per cent), while revenues increased […]

Warner Bros Discovery (WBD) has reported financial results for the quarter and year ended December 31st 2024. In a letter to shareholders, the company said: “Warner Bros Discovery ended the year stronger and more agile. Nowhere was that progress more prominent than in the success of our Direct-to-Consumer (DTC) segment, where we are on track […]

Paramount Global missed revenue expectations in its Q4 results as a continued decline in its cable TV unit dimmed higher-than-expected subscriber growth for its Paramount+ streaming platform. The company, which is planning to merge with Skydance Media, reported a 5 per cent revenue increase in Q4 2024, reaching $7.98 billion (€7.67bn). However, full-year revenue declined […]

Atresmedia, one of the largest TV groups in Spain and operator of six TV channels, among them Antena 3 and La Sexta, has reported it achieved a record revenue of €1.01 billion in 2024, up 4.8 per cent on the previous year. EBITDA amounted to €177.6 million, an increase of €4.5 million on 2023. The […]

TKO Group Holdings, owner of WWE and UFC, has announced financial results for its full year ended December 31st 2024 – the company’s first full year of results since forming in September 2023. Revenue for 2024 increased 67 per cent YoY to $2.804 billion (€2.6bn). The increase reflected the increase of $1.015 billion of revenue […]

Luxembourg-based satellite operator SES says its overall revenue for the 2024 full year achieved a “solid financial performance leading to revenue at the top end of the financial outlook and exceeding SES’s objectives.” Overall revenue was at €2.001bn, down 0.9 per cent YOY. The operator’s Networks division saw revenue grow +2.9 per cent YOY with […]

Deutsche Telekom has reported revenue up 3.4 per cent in 2024 to €115.8 billion. Adjusted EBITDA AL was up 6.2 per cent to €43 billion, and service revenues grew by 3.9 per cent to €96.5 billion. The German telco reports that financial targets were achieved and, in some cases, exceeded, with further growth expected. “Another […]

Zoom Communications, the AI-first work platform for human connection, has announced financial results for the fourth quarter and fiscal year ended January 31st 2025. “In FY25, Zoom AI Companion emerged as the driving force behind our transformation into an AI-first company, enabling our customers to discover enhanced productivity opportunities. As Zoom AI Companion becomes increasingly […]