SES had total YTD revenues of €1,410 million as of September 30, down -2.9% on the same period last year.
Its adjusted EBITDA was €883 million (-2.3%) and net profit €154 million (-38.3%). YTD video distribution revenues were €628 million (-7.6%) and those for video services €832 million (-10.3%).
Video accounted for 59% of group revenues, as opposed to 62% in 2019 YTD.
As of September 30, SES carried a total of 8,157 TV channels to viewers around the world, including 2,964 in HD and Ultra HD (up 1% year-on-year). Of the total TV channels, 69% were broadcast in MPEG-4, with an additional 4% in HEVC.
SES notes that the decision to reduce exposure to low margin services activities, and postponement or cancellation of sports and events in H1 2020 due to Covid-19, led to lower year-on-year revenue. HD+ revenue was lower (year-on-year) due to reduced hardware sales as part of the ongoing shift to software solutions in partnership with TV set manufacturers and a modest reduction in the number of paying subscribers compared with Q3 2019, although the number of paying HD+ subscribers improved over the first nine months of the year.
