Finance

Video isn’t going away. We love to watch the likes of dramas, movies, sports, and that is unlikely to change. But, what is changing for satellite operators is that they can no longer rely on broadcast to fuel future growth. This has been evident in the latest set of results from a number of the...

Ever since he founded and pioneered O3b Networks, Greg Wyler has been one of the most talked about figures in the satellite industry. His latest brainchild, OneWeb, continues to be one of the most talked about, and even one of the most polarizing, companies in the sector. Last year’s interview with Wyler interview took on...

The satellite industry has seen significant consolidation this year. In the Middle East, the most eye-catching deal was Yahsat acquiring Thuraya — adding an interesting piece to the puzzle. We decide to take a closer look behind one of the biggest deals of the year, thus far. Yahsat’s deal to acquire Thuraya is further evidence...

Relativity Space, a 3D printing rocket startup, recently made a notable executive hire. Brandon Pearse, who previously held roles at Virgin Galactic and SpaceX, is now Relativity Space’s Vice President (VP) of avionics and integrated software. According to Relativity Space Chief Executive Officer (CEO) Tim Ellis, Brandon Pearce has impressive avionics development and flight experience....

Gilat Satellite Networks reported its results for the third quarter (Q3) ended Sept. 30. Revenues took a slight dip, as they were $62.8 million for Q3 2018, compared with $69.9 million in Q3 2017. Yet, profitability remained strong is several key areas. Generally Accepted Accounting Principals (GAAP) operating income for Q3 2018 increased to $6 million, up 79.6 percent from Q3...

A report in USA Today, cable and satellite TV providers lost about 1.1 million subscribers during the July to September period, the largest quarterly loss ever. It is also the first time the industry lost more than 1 million subscribers in a quarter, according to media and telecommunications research firm MoffettNathanson. After Dish Network reported its...

EchoStar reported its financial results for both the three and nine months ended Sept. 30. Total revenue for Q3 2018 was $533 million, an increase of $51.7 million from the same period in 2017. Most of Echostar’s revenue growth was from its Hughes business, as Hughes Q3 2018 revenues were $444.7 million, compared to $380...

Inmarsat released its results for third quarter (Q3) 2018, and nine months ending Sept. 30 2018. During Q3 2018, overall group revenue (ex. Ligado) was $336.4 million, an increase of $12.6 million from the same period in 2017. Group Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA), ex. Ligado, increased by $12.7 million to $173.6...

Dish Network saw a small fall in its revenue for Q3, the quarter ending Sept. 30. The company reported revenue totaling $3.4 billion, compared with $3.58 billion for the corresponding period in 2017. Subscriber-related revenue for the quarter also took a small fall as it totaled $3.35 billion, compared with the $3.55 billion of subscriber-related revenue...

Gogo generated revenues of $217.3 million in the three months to the end of September, an increase of 26 percent compared to the same quarter last year.  Service revenue also increased to $160.4 million, up 5 percent from Q3 2017. Equipment revenue increased to $56.9 million, up from $19.5 million in Q3 2017, due to the post-adoption...