Americas Markets - Latest Developments
Satellite imaging company DigitalGlobe, Inc. reported today fourth quarter 2013 revenues of US $169.7 million, a 35% increase compared with the same period last year. Net income for the fourth quarter was US$ 15.1 million, with net income available to common shareholders of US$ 13.6 million, or $0.18 per diluted share.
Fourth quarter 2013 EBITDA was US$ 73.5 million, driving an EBITDA margin of 43%. Excluding US$ 9.2 million of restructuring and integration costs related to the combination with GeoEye yields Adjusted EBITDA of US$ 82.7 million, a margin of 49%.
The Walt Disney Company announced that they are acquiring Maker Studios, the leading network of online video content on YouTube. Maker Studios shareholders will receive total consideration of US$ 500 million, and a performance-linked earn-out of up to US$450 million if the strong performance targets are met, according to the company.
With more than 55,000 channels, 380 million subscribers and 5.5 billion views per month on YouTube, Maker is one of the top online video networks for Millennials.
For the year ended December 31, 2013, Telesat reported consolidated revenues of CDN$ 897 million, an increase of approximately 6% (CDN$ 51 million) compared to 2012. When adjusted for foreign exchange rate changes, revenue increased by 5% (CDN$ 43 million) compared to 2012. The increase was mainly due to revenue earned on the Nimiq 6 and Anik G1 satellites which entered into commercial service in June 2012 and May 2013, respectively. The increase was partially offset by a decrease in revenue earned on Nimiq 1 and Nimiq 2.
EchoStar Corporation today reported total revenue of US$ 808 million for the quarter ended December 31, 2013 compared to US$ 786 million for the corresponding period in 2012. Total revenue for the fiscal year ending December 31, 2013 was US $3.282 billion compared to US $3.122 billion for the corresponding period in 2012.
Airbus Defence and Space (formerly Astrium) has won a contract with SES for the design and construction of the latest addition to its fleet, the SES-10 satellite which will be covering the Americas. The new satellite will be based on the Eurostar E3000 platform and will be equipped with a dual chemical and electrical propulsion system.
DIRECTV today reported that fourth quarter 2013 revenues increased 7% to US$ 8.59 billion, operating profit before depreciation and amortization (OPBDA) increased 6% to US$ 2.04 billion and operating profit increased 3% to US$1.33 billion compared to last year's fourth quarter. DIRECTV reported that fourth quarter net income declined to and diluted earnings per share decreased to $1.53 compared with the same period last year.
Intelsat S.A. today reported total revenue of US$ 642.8 million and net income attributable to Intelsat S.A. of US$ 72.6 million, or $0.62 per share on a diluted basis, for the three months ended December 31, 2013. The company reported adjusted diluted net income per common share of $0.84 for the three months ended December 31, 2013.
Orbital Sciences Corporation completed today the first of eight CygnusTM operational cargo logistics spacecraft missions to the International Space Station (ISS) as part of the company’s US$ 1.9 billion Commercial Resupply Services (CRS) contract with NASA. The Cygnus spacecraft unberthed from the ISS yesterday morning at 6:41 a.m. (EST), completing a 37-day stay at the orbiting laboratory. Today, Cygnus reentered Earth’s atmosphere over the Pacific Ocean east of New Zealand at approximately 1:20 p.m. (EST).
Federal Communications Commission (FCC) Chairman Tom Wheeler will provide the “FCC Keynote” at the 2014 NAB Show in Las Vegas, the National Association of Broadcasters (NAB) announced today. The address, which will be held Tuesday, April 8, 9:00-10:00 a.m., is expected to provide insight into the Chairman’s views on broadcasting and what his expectations are on the regulatory front in the coming years.
Aireon LLC, the developer of the world's first space-based global air traffic surveillance system, announced today that it has closed the previously announced investment transaction with three new investors and major Air Navigation Service Providers (ANSPs): ENAV (Italy), the Irish Aviation Authority (IAA), and Naviair (Denmark), and has received their first tranche investment totaling US$ 50 million.
