SES’ video performance declined seven per cent on the quarter, despite the signatures on €120 million of renewals and new business.
The Luxembourg satellite company’s revenues were stable at €978 million, while EBITDA stood at €525 million. It says it remains on track for 2024 Adjusted EBITDA out of €950 – 1,000 million.
Adel Al-Saleh, CEO of SES, said: “With the launch of ASTRA 1P to 19.2E in June, we are leveraging the latest technological innovation to sustain our most important cash-generative media neighbourhood for the long-term, while simultaneously capturing significant CapEx efficiencies.”
Video, which still represents 46% of the company’s business, represented a reduction of -6.7% compared with H1 2023, mainly driven by lower revenue in mature markets which were partially offset by double-digit year on year growth in Sports & Events revenue.
