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SES posts 2% drop in underlying revenues for Q3, shelves separation of Networks business

Thursday 5 November 2020 | 11:51 CET | News
Satellite operator SES generated underlying revenues of EUR 462 million for the three months to September, down 2.1 percent year-on-year at constant currency (-2.6% in Q2). As in previous quarters, the negative revenue trend continued to reflect the contraction reported by the Video Distribution and Video Services divisions (-7.1% and -11.7% respectively), with underlying revenues dropping to EUR 273 million across the two. This was only partially offset by ongoing growth at the Networks business line (+8.4% from +6.5% in Q2), where all three revenue segments (Government, Fixed Data, and

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Categories: Broadcast & Satellite
Companies: SES
Countries: World
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