SES has reported a robust start to 2026, with growth in Networks and Media and its full-year outlook unchanged.
Networks revenue increased 106% year-on-year, supported by strong growth in Mobility, up 207.8%, and Government, up 50.7%. Media revenue rose 42.9%, in line with expectations.
The satellite operator signed €306 million in new business and contract renewals during the quarter, including close to €100 million from Media.
CEO Adel Al-Saleh said Q1 marked “a solid start to the year” for SES as a combined company, with execution across Networks and Media supporting confidence in its 2026 strategy.
SES said Networks now accounts for around two thirds of total revenue, with aviation benefiting from nearly 600 aircraft flying with its multi-orbit inflight connectivity system.
The company also highlighted progress in Government, including its role in IRIS2 and an extension of the EGNOS GEO-1 satellite service agreement with EUSPA through 2030.
O3b mPOWER satellites 9 and 10 entered service in February, increasing network capacity and resilience. Satellites 11, 12 and 13 are due to launch in the second half of 2026.
SES also recently announced meoSphere, its next-generation MEO network, targeted for operation by 2030.
The company reiterated its 2026 outlook, expecting revenue and adjusted EBITDA to remain stable year-on-year on a like-for-like and constant currency basis.
