SES has released its final financial report before the inclusion of Intelsat's data. In the first half of 2025, the Luxembourg-based satellite company reported revenues of €978 million and Adjusted EBITDA of €521 million, consistent with the same period in 2024. Adel Al-Saleh, CEO of SES, stated that the company is on target to meet its financial projections. “The completion of the Intelsat acquisition on 17 July marked a defining milestone for SES, creating a stronger, truly global multi-orbit operator built for the future. We are now uniquely positioned to compete with end-to-end solutions across high-growth segments.”
Media revenue, totaling €398 million (40% of total revenue), decreased by 12.1% year-over-year, primarily due to lower revenue in established markets resulting from capacity optimization and the impact of SD channel closures. During H1 2025, the company secured over €175 million in renewed and new contracts.