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Intelsat posts net loss of USD 148 mln, confirms FY guidance

Tuesday 29 October 2019 | 19:18 CET | News
Satellite operator Intelsat left its full-year guidance unchanged as it reported a third-quarter net loss of USD 148.3 million. This compares to a net loss of USD 374.6 million in the year-earlier period, when the company incurred a USD 204 million charge on early extinguishment of debt. Adjusted EBITDA decreased to USD 356.1 million, representing a drop of USD 60.2 million compared to Q3 2018, while the adjusted EBITDA margin contracted by 8 percentage points to 70 percent of revenue.

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Categories: Broadcast & Satellite
Companies: Intelsat
Countries: World
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