{"id":91548,"date":"2026-11-01T19:29:37","date_gmt":"2026-11-01T11:29:37","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/eutelsat-q1-leo-revenue-rises-30-to-e70-9m-as-oneweb-offsets-video-decline\/"},"modified":"2026-11-01T19:29:37","modified_gmt":"2026-11-01T11:29:37","slug":"eutelsat-q1-leo-revenue-rises-30-to-e70-9m-as-oneweb-offsets-video-decline","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/eutelsat-q1-leo-revenue-rises-30-to-e70-9m-as-oneweb-offsets-video-decline\/","title":{"rendered":"Eutelsat Q1 LEO Revenue Rises 30% to \u20ac70.9M as OneWeb Offsets Video Decline"},"content":{"rendered":"<p class=\"wp-block-paragraph\">PARIS \u2014 <strong>Eutelsat Group reported total first-quarter revenues of \u20ac286 million following the close of market trading on Oct. 29, 2026, driven by expanding low Earth orbit (LEO) operations that helped cushion ongoing declines across its legacy geostationary orbit (GEO) video business. <\/strong><\/p>\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"540\" src=\"https:\/\/satnews.com\/wp-content\/uploads\/2026\/10\/eutelsat-oneweb-leo-broadband-2026.jpg\" alt=\"\" class=\"wp-image-127541\" style=\"width:763px;height:auto\" srcset=\"https:\/\/satnews.com\/wp-content\/uploads\/2026\/10\/eutelsat-oneweb-leo-broadband-2026.jpg 960w, https:\/\/satnews.com\/wp-content\/uploads\/2026\/10\/eutelsat-oneweb-leo-broadband-2026-300x169.jpg 300w, https:\/\/satnews.com\/wp-content\/uploads\/2026\/10\/eutelsat-oneweb-leo-broadband-2026-768x432.jpg 768w\" sizes=\"(max-width: 960px) 100vw, 960px\"><\/figure>\n<p class=\"wp-block-paragraph\">Total top-line turnover slipped 0.9% year-over-year on a like-for-like basis, while revenues across the operator\u2019s four core Operating Verticals stood at \u20ac278 million, marking a 2.1% like-for-like decrease.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Video Contraction and Accelerated LEO Demand<\/strong><\/p>\n<p class=\"wp-block-paragraph\">The operator\u2019s video division generated 40% of total revenue but contracted 17.8% year-over-year. The downturn reflected secular broadcast erosion alongside the termination of direct-to-home (DTH) capacity contracts on the Russian Express AT1 and AT2 satellites under international sanctions. To counter GEO attrition, Eutelsat expanded its Mobile Connectivity segment, which rose 38.1% year-over-year behind commercial aviation installations and maritime adoption.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Q1 Performance Breakdown and Backlog Composition<\/strong><\/p>\n<p class=\"wp-block-paragraph\">Overall Connectivity revenues rose 11.9% like-for-like to \u20ac168.3 million during the quarter:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>LEO Operations:<\/strong> Delivered \u20ac70.9 million, reflecting a 30.1% increase year-over-year across all enterprise verticals.<\/li>\n<li><strong>GEO Connectivity:<\/strong> Rose 1.6% to \u20ac97.4 million, reflecting steady high-throughput enterprise demand.<\/li>\n<li><strong>Contract Backlog:<\/strong> Totaled \u20ac12.1 billion, buoyed by \u20ac8.9 billion in execution-phase commitments for the European Union\u2019s sovereign IRIS\u00b2 multi-orbit constellation. Excluding IRIS\u00b2, commercial backlogs stood at \u20ac1.9 billion for Connectivity and \u20ac1.2 billion for Video.<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\"><strong>Capital Allocation and Multi-Orbit Constellation Roadmap<\/strong><\/p>\n<p class=\"wp-block-paragraph\">Eutelsat reconfirmed its full-year financial guidance, projecting LEO revenues to expand by more than 30% to offset GEO contraction, supported by gross capital expenditures of approximately \u20ac1.2 billion. Between 2027 and 2034, the company plans to invest \u20ac2.23 billion in shared infrastructure alongside \u20ac1.16 billion in dedicated commercial assets to advance its OneWeb fleet roadmap. Launches of initial Ka-band spacecraft are scheduled to begin in 2029, leading to full commercial operation of the upgraded Ku-band LEO network by mid-2032.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PARIS \u2014 Eutelsat Group reported total first-quarter revenues of \u20ac286 million following the close of market trading on Oct. 29, 2026, driven by expanding low Earth orbit (LEO) operations that helped cushion ongoing declines across its legacy geostationary orbit (GEO) video business. Total top-line turnover slipped 0.9% year-over-year on a like-for-like basis, while revenues across [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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-91548","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/91548"}],"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=91548"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/91548\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=91548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=91548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=91548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}