SES has reported revenues of €509 million (down -0.5% year-on year and Adjusted EBITDA of €280 million (-0.9%) in the first three months of 2025.
It follows the trend of an increase in Networks revenue (8.4%) while Media continued its decline (10.6%) in line with expectations. Media suffered from a decline in standard definition contracts and the bankruptcy of Brazilian media company Oi.
Adel Al-Saleh, CEO of SES, commented: “We delivered good Q1 performance which continues to underscore that our evolved strategy is yielding positive operational and financial results, leading to a solid start to the year. We continue to deliver commercial momentum across the business reaffirming our FY 2025 financial outlook.”
The company confirmed its financial outlook to be on track with stable revenues and broadly stable EBITDA.
