{"id":51277,"date":"2024-05-15T18:13:01","date_gmt":"2024-05-15T10:13:01","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/connectivity-revenue-increase-boosts-eutelsat-in-q3\/"},"modified":"2024-05-15T18:13:01","modified_gmt":"2024-05-15T10:13:01","slug":"connectivity-revenue-increase-boosts-eutelsat-in-q3","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/connectivity-revenue-increase-boosts-eutelsat-in-q3\/","title":{"rendered":"Connectivity Revenue Increase Boosts Eutelsat in Q3"},"content":{"rendered":"<\/p>\n<figure id=\"attachment_319145\" aria-describedby=\"caption-attachment-319145\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-319145\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2020\/11\/New-Eutelsat-HQ_REA.jpg\" alt=\"Eutelsat's headquarters in Paris. Photo: Eutelsat\" width=\"800\" height=\"533\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2020\/11\/New-Eutelsat-HQ_REA.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2020\/11\/New-Eutelsat-HQ_REA-300x200.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2020\/11\/New-Eutelsat-HQ_REA-1000x667.jpg 1000w\" sizes=\"(max-width: 800px) 100vw, 800px\"><figcaption id=\"caption-attachment-319145\" class=\"wp-caption-text\">Eutelsat\u2019s headquarters in Paris. Photo: Eutelsat<\/figcaption><\/figure>\n<\/p>\n<p><strong>Eutelsat Group<\/strong>\u2019s operating vertical revenue in the third quarter increased 8.5% year-over-year, fueled by double-digit growth in fixed and mobile connectivity and government services. Eutelsat issued its third quarter 2023-24 results on May 14.<\/p>\n<p>Eutelsat achieved overall revenues of 300 million euros ($326 million) in the third quarter that ended March 31, an increase of 10% compared to the same stage last year. The company said the double-digit increases were driven by incremental GEO capacity and LEO.<\/p>\n<p>Mobile Connectivity and Government services saw the most growth in Eutelsat\u2019s latest results. In the third quarter, Mobile Connectivity revenues reached 39 million euros ($42 million), an increase of over 45% compared to the same stage last year. Government service revenues reached 43.6 million euros ($47 million) in Q3, an increase of over 38% compared to the same stage last year.<\/p>\n<p>Fixed Connectivity reported 57.4 million euros ($62 million) in revenue in Q3, up 30% compared to the same time last year.<\/p>\n<p>Eutelsat\u2019s legacy Video business however continues to decline. Video achieved revenues of 160 million euros ($174 million) in the third quarter, down 5% compared the same stage last year. Video still makes up for 53% of Eutelsat\u2019s overall revenues. Government services is now up at 14.5%. Fixed connectivity and mobile connectivity services combined have now reached 32% of the operator\u2019s overall revenues.<\/p>\n<p>Eutelsat confirmed its guidance for the 2023-24 of operating vertical revenues of between 1.25 billion to 1.30 billion euros and adjusted EBITDA in the range of 650 million to 680 million euros.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eutelsat\u2019s headquarters in Paris. Photo: Eutelsat Eutelsat Group\u2019s operating vertical revenue in the third quarter increased 8.5% year-over-year, fueled by double-digit growth in fixed and mobile connectivity and government services. Eutelsat issued its third quarter 2023-24 results on May 14. Eutelsat achieved overall revenues of 300 million euros ($326 million) in the third quarter that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51278,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-51277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/51277"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=51277"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/51277\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/51278"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=51277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=51277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=51277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}