Global Markets - Latest Developments
Asia Satellite Telecommunications Holdings Limited (AsiaSat) today announced its 2014 interim results for the six months ended June 30, 2014. 1st half 2014 revenues was HK$ 694 million, down 10% compared to the same period last year primarily due to a July 2013 agreement with a major customer which resulted in a significant extension of the contract.
IBC Content Everywhere is a new series of global events that acknowledge that IP-connected smartphones, tablets and personal computers are altering the way that we produce and consume media. The events will cover rich media production, devices, apps, digital marketing, social media, content personalisation, big data, cloud services, second screens, investment and much more. And they are truly global, the initial three events spanning Europe, MENA and LATAM, with the latter two taking place in Dubai in January 2015 and Sao Paulo later the same year.
The 2nd quarter 2014 showed about a 5% growth in set-top box revenues from a key set of major OEMs according to ABI Research. Most manufacturers saw similar sales, with ARRIS a clear winner, growing about 60% year-over-year to US$ 711 million (pro-forma based on the combined ARRIS-Motorola from the start of 2013). Cisco, however, was a clear loser, falling 30% to US$ 332 million, while Humax saw substantial revenue growth of 30%.
Gilat Satellite Networks Ltd. today reported its results for the second quarter ended June 30, 2014.Revenues for the second quarter increased to US$ 54.1 million compared to US$ 50.9 million in the first quarter of 2014.
Non-GAAP operating income was US$ 1.5 million, compared to operating income of $0.5 million in the first quarter of 2014. GAAP operating loss was $0.5 million compared to a loss of US$ 1.5 million in the first quarter of 2014
Gilat reaffirms 2014 objectives for annual revenues of $240-$245 million and EBITDA margin levels of approximately 9%
ViaSat Inc., announced its fiscal year 2015 first quarter financial results, which included revenues of US$ 319.5 million and a new Adjusted EBITDA record of US$ 60.2 million, up 14% from US$ 52.7 million recorded in the same period last year.
Telstra, one of the largest telecommunications and information services companies in the world, and Ooyala, a leader in video streaming and analytics, today announced they have reached a definitive agreement for Telstra to acquire Ooyala. The US$ 270 million investment increases Telstra's ownership in Ooyala from 23 per cent (fully diluted) to 98 per cent and is in addition to the US$61 million previously invested in Ooyala over the past two years.
For the second quarter of 2014, Machine-to-Machine communications provider ORBCOMM reported total revenues were up 30.9% year-over-year to US$ 24.3 million. Service Revenues were up 10.2% to US$ 14.9 million over the prior year. Second quarter 2014 Product Sales of US$ 9.4 million were 86.4% higher than prior year.
Adjusted EBITDA for the second quarter of 2014 was US$ 5.1 million and was up 23.8% over the prior year period. ORBCOMM’s basic EPS is $0.03 for the second quarter of 2014 compared to $0.04 for the comparable period last year.
The National Association of Broadcasters (NAB) will produce four sessions at the SET Expo in São Paulo, Brazil, August 24-25. The sessions will address topics ranging from sports production, 4K video, media management in the cloud, and producing content for multiple devices.
NAB's participation in SET is part of the NAB Show Collaborative, an initiative to support the advancement of the global broadcast, media and entertainment communities.
DISH Network Corp. today reported revenue totaling US$ 3.69 billion for the quarter ending June 30, 2014, compared to US$ 3.49 billion for the corresponding period in 2013. Subscriber-related revenue increased 5.6 percent to US$ 3.65 billion from US$ 3.45 billion in the year-ago period.
Net income attributable to DISH Network totaled US$ 213 million for the second quarter 2014, compared to a loss of US$ 11 million from the year-ago quarter.
Intelsat S.A. today reported total revenue of US$ 615.7 million and net income attributable to Intelsat S.A. of US$ 66.8 million, or $0.53 per common share on a diluted basis, for the three months ended June 30, 2014. The company reported adjusted net income per diluted common share1 of $0.76 for the quarter.
Intelsat S.A. reported EBITDA, or earnings before net interest, taxes and depreciation and amortization, of US$ 485.5 million, or 79 percent of revenue, and Adjusted EBITDA of US$ 490.4 million, or 80 percent of revenue, for the three months ended June 30, 2014.
