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Solid SES keeps revenues tight

November 3, 2022 12.29 Europe/London By Julian Clover

SES has described its contribution to the Q3 results season as a “solid ongoing execution across the business”.

The Luxembourg-based satellite operator reported revenue of €1,400 million in the year to date, an increase of 6.1%, as it benefitted from interest in the US C-Band market.

Video revenues of €763 million represented a reduction of 5.6% year-on-year, though including an anticipated impact of US wholesale revenue and periodic revenue of €10 million in Q1 2022. When this is stripped out video revenue was 3.3% lower than the equivalent period in 2021. Lower volumes in mature markets were partially offset by growth in HD+ and Sports & Events.

As of 30 September 2022, SES was carrying around 8,000 total TV channels to 366 million TV homes around the world, including around 3,100 High Definition TV channels. 73% of total TV channels are broadcast in MPEG-4 with an additional 6% broadcast in HEVC.

Adjusted Net Profit improved by 23% year-on-year to €277 million

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Filed Under: Newsline, Satellite Tagged With: SES Edited: 3 November 2022 12:29

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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