Industry Updates

'SAMENA Daily' - News

Eutelsat releases third quarter and nine-month 2023-24 revenues

Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) reports revenues for the Third Quarter and Nine Months ended 31 March 2024.


  • Third Quarter and Nine-month revenues in line with expectations.
  • Video in line with overall market trend of mid-single digit decline; base effect of non­renewal of Digitürk contract and Russian sanctions washed through from Q3.
  • Double-digit growth in Connectivity (Government Services: +22.1%; Mobile Connectivity: +48.0%; and Fixed Connectivity: +24.2%), driven by incremental GEO capacity and LEO.
  • All Full Year 2023-24 financial objectives confirmed.
  • Successful launch of EUTELSAT 36D satellite, assuring service continuity with optimised performance for video customers at the 36° East orbital position.
  • Major $500m commercial deal with Intelsat for capacity on OneWeb LEO constellation.
  • OneWeb ground network roll-out on track.
  • Refinancing of November 2025 bond completed.