Eutelsat is a leading satellite operator and the world's first integrated GEO-LEO satellite operator, formed in 2023 through the combination of Eutelsat and OneWeb. With a fleet of 34 geostationary satellites and a LEO constellation of over 600 satellites, the company provides global services for video broadcasting, broadband, data connectivity, and government communications. Eutelsat also delivers services for maritime and in-flight mobility, offering solutions like the Eutelsat Advance platform for high-end connectivity and digital platforms for broadcasters. Associated keywords include satellite communications, GEO-LEO infrastructure, and broadcast services.
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Eutelsat's total revenues for the quarter declined by 2.2% year-on-year.
Eutelsat held €2.62 billion in debt as of June 2025.
Eutelsat announced a €1.5 billion capital increase that was approved by shareholders.
Eutelsat's CFO Christophe Caudrelier stated that the company expects LEO/OneWeb revenues to grow by a further 50 percent in the current financial year.
Eutelsat's video segment fell 12% to €133.6 million for the quarter.
Eutelsat's overall revenues for Q1 were down by 2.2 percent year-over-year at €293 million.
The Video division accounted for 47 percent of Eutelsat's overall revenues, with DTH revenues amounting to €134 million, down 10.5 percent year-over-year.
Eutelsat's LEO connectivity revenue increased by 61% from the same period last year.
The merger combined Eutelsat's geostationary business with OneWeb's Starlink alternative in low Earth orbit.
Eutelsat announced its first quarter 2025–26 financial results on 21 October.
Eutelsat's OneWeb division saw a 70.7 percent rise in LEO revenues to €54.1 million.
Eutelsat expects LEO revenue growth of 50% in the upcoming year.
Eutelsat deployed 116 satellites in three launches in 2023.
Eutelsat confirmed its annual and long-term financial targets despite ending in the red for the quarter.
Eutelsat's LEO connectivity revenue grew by 99% over the 2024–25 reporting period.
Eutelsat completed a merger with OneWeb in 2023.
Eutelsat aims to reduce its debt burden as a part of its annual targets.
Eutelsat expects its Net Debt / Adjusted EBITDA ratio to fall to around 2.5x by the end of the 2025–26 financial year.
The share price drop brought Eutelsat to its lowest level since the beginning of the month.
The overall revenue growth of Eutelsat's Connectivity division was up 8.6 percent at €149.4 million.