SES has announced its financial performance for the first quarter of 2025, reporting revenues of €509 million. While this represents a slight decrease of 0.5% year-on-year, the company's Adjusted EBITDA reached €280 million, a minor decrease of 0.9%. This performance reflects contrasting trends within the business.
The Networks segment demonstrated significant growth, with an 8.4% increase in revenue. This positive performance contrasts sharply with the Media segment, which experienced a 10.6% decline. This downturn aligns with expectations and is attributed to a reduction in standard definition contracts and the impact of the Brazilian media company Oi's bankruptcy.
Commenting on the results, SES CEO Adel Al-Saleh stated: “We delivered good Q1 performance which continues to underscore that our evolved strategy is yielding positive operational and financial results, leading to a solid start to the year. We continue to deliver commercial momentum across the business reaffirming our FY 2025 financial outlook.” The company confirmed its full-year financial outlook remains on track, projecting stable revenues and broadly stable EBITDA.