{"id":92504,"date":"2025-10-21T17:21:07","date_gmt":"2025-10-21T17:21:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/92504\/"},"modified":"2025-10-21T17:21:07","modified_gmt":"2025-10-21T17:21:07","slug":"starlink-rival-eutelsats-first-quarter-hit-by-weak-video-sales-tradingview-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/92504\/","title":{"rendered":"Starlink rival Eutelsat&#8217;s first quarter hit by weak video sales \u2014 TradingView News"},"content":{"rendered":"<p class=\"\">French satellite operator Eutelsat <a href=\"https:\/\/www.tradingview.com\/symbols\/EURONEXT-ETL\/\" class=\"container-ekXxv5Y5 symbolTag-cwMMKgmm tag-zVPYJd3B xsmall-zVPYJd3B interactive-zVPYJd3B apply-overflow-tooltip apply-overflow-tooltip--allow-text apply-overflow-tooltip--check-children\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" class=\"logo-PsAlMQQF xxxsmall-PsAlMQQF wrapper-TJ9ObuLF skeleton-PsAlMQQF\" crossorigin=\"\" src=\"https:\/\/s3-symbol-logo.tradingview.com\/eutelsat-communic.svg\" alt=\"\"\/>ETL<\/a> reported worse-than-expected first quarter revenues on Tuesday as a decline in sales at its video business offset strong demand for government services, notably in Ukraine.<\/p>\n<p class=\"\">Revenue from video, connectivity and government services fell 1.2% year-on-year on a comparable basis to 283 million euros ($330 million) in the quarter to end Sept. That was below the average 295 million euros forecast by analysts, according to data from the company.<\/p>\n<p class=\"\">The video business, which provides satellite broadcasting services to over a billion viewers globally and accounts for around half of Eutelsat&#8217;s total revenue, recorded a 10.5% fall in revenue on a comparable basis year-on-year.<\/p>\n<p class=\"\">That reflected both a long-term decline in the video market and a negative impact from sanctions imposed on Russian channels, the group said in statement.  <\/p>\n<p class=\"\">Sanctions are expected to have an impact of around 16 million euros this year, the company said.<\/p>\n<p class=\"\">Eutelsat owns and operates a constellation of over 600 Low Earth Orbit (LEO) satellites providing broadband internet via its London-based subsidiary OneWeb. <\/p>\n<p class=\"\">These satellites, currently the only other LEO constellation available besides Elon Musk&#8217;s Starlink, have gained momentum as European governments seek home-grown alternatives for satellite services.<\/p>\n<p class=\"\">But the firm is still grappling with sluggish sales growth, weighed down by its declining legacy video business. <\/p>\n<p class=\"\">Government services was the fastest-growing segment again this quarter, with revenues rising 18.5% from a year ago to 52.4 million euros, in line with estimates.<\/p>\n<p class=\"\">Eutelsat confirmed its annual and long-term financial targets.<\/p>\n<p class=\"\">($1 = 0.8575 euros)<\/p>\n","protected":false},"excerpt":{"rendered":"French satellite operator Eutelsat ETL reported worse-than-expected first quarter revenues on Tuesday as a decline in sales at&hellip;\n","protected":false},"author":2,"featured_media":84644,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[111,139,69,147,392],"class_list":["post-92504","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-new-zealand","tag-newzealand","tag-nz","tag-science","tag-space"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/92504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=92504"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/92504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/84644"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=92504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=92504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=92504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}