Eutelsat has reported its revenues for the First Quarter ended 30 September 2024, which shows total revenues for the quarter standing at €300 million, up 9.4% on a reported basis, and by 5.9% like-for-like. First Quarter Video revenues amounted to €152 million, down 7.3% year-on-year, reflecting the secular market decline in this application. Professional Video revenues, which account for under 10% of the Video vertical, also decreased, reflecting lower occasional use. On a quarter-on-quarter basis, revenues were down by 4.5%.
On the commercial front, Eutelsat secured a number of contracts, notably with the renewal of its agreements with key customers including Al-Jazeera for broadcast in the Middle East, Cable Color for Latin America. Elsewhere, Eutelsat secured a new partnership with TVPlus for coverage of Australia and New Zealand, confirming Eutelsat 172B as one of the new go-to positions for broadcasters in the region.