Eutelsat Reports Growth in Connectivity Despite Video Decline

Eutelsat Communications ( (EUTLF) ) has released its Q2 earnings. Here is a breakdown of the information Eutelsat Communications presented to its investors.

Eutelsat Communications, a leading satellite communications company, operates in both geostationary and low Earth orbit segments, offering connectivity and broadcast services worldwide. The company recently released its earnings report for the first half of the 2024-25 fiscal year. Eutelsat reported revenues of €606.2 million, a 5.9% increase from the previous year, driven by growth in connectivity services, despite a continued decline in video revenues. The adjusted EBITDA margin stood at 55.2%, with the company confirming its full-year financial objectives and reducing its capex estimate by approximately €200 million. Eutelsat highlighted its strategic advancements in building out its low Earth orbit (LEO) capabilities, notably through the IRIS2 multi-orbit constellation project. Looking forward, Eutelsat remains committed to its strategic roadmap, focusing on expanding its LEO infrastructure and maintaining financial discipline to achieve its medium-term leverage goals.