Eutelsat Misses Forecasts as Weak Video Sales Offset Growth in Government Services
Eutelsat (ETL.PA), the French satellite operator and rival to Elon Musk’s Starlink, reported disappointing first-quarter results on Tuesday as a sharp drop in its video broadcasting division overshadowed solid growth in government contracts, particularly in Ukraine. Revenue for the quarter ending in September fell 1.2% year-on-year to €283 million ($330 million) on a comparable basis, […]
