, , ,

TL;DR

SES registered revenue of 509 million in Q1 2025, down 0.5 percent, and Adjusted EBITDA of 280 million, down 0.9 percent, driven by a 10.6 percent decline in Media that was offset by an 8.4 percent rise in Networks.

The company secured 360 million of new contracts, holds 3.1 billion in cash, has net leverage of 1.2×, and expects to complete its fully funded Intelsat acquisition in H2 2025.

SES Q1 2025: Blasting Off With Smoke and Mirrors

SES Satellites had a “solid start” to the year. That’s the phrase they lead with, “solid.” In the world of corporate euphemisms, “solid” usually means “we didn’t die, and we’d appreciate a round of applause for that.”

Their…

You’ve reached your monthly reading limit

Create a free account to keep reading, or subscribe for full access.

Log in Register free See plans
Used: 129 / 5 Resets: October 5, 2025 9:10 pm
Counts apply over a rolling 30-day window. Reloading this page won’t increase your count.
0

Related Posts

Restricted Content

This content is sealed tighter than a procurement meeting on Friday at 4 p.m. To get in, you’ll need clearance, ideally accompanied by a badge, a budget code, and the ability to nod through three acronyms you don’t understand.

Push the button. You know you want to.

Or don’t. We’re not here to tell you how to live.