Eutelsat Posts In-Line Q3 Revenue as LEO Growth Offsets Video Decline
Updated
Updated · Reuters · May 12
Eutelsat Posts In-Line Q3 Revenue as LEO Growth Offsets Video Decline
3 articles · Updated · Reuters · May 12
Summary
Eutelsat reported third-quarter revenue broadly in line with market expectations, avoiding a miss despite continued pressure in its legacy video business.
LEO internet growth was the key offset, with demand in the low Earth orbit segment helping balance weaker video revenue.
The result highlights Eutelsat's ongoing shift away from declining broadcast services toward connectivity businesses, where it competes more directly with Starlink.