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SES scheduled the first O3b mPOWER launch for 15 2022-12-01 with additional launches planned in 2023-01-01.
Four of the six O3b mPower broadband satellites that SES planned to launch in 2022 will not be ready until early 2023.
SES acquired DRS GES on 1 August 2022.
SES is ahead of schedule to meet the Federal Communications Commission's 2023-12-05 C-band clearing deadline in the United States.
SES expects revenue contribution from the DRS GES acquisition of $85–90 million for the period 1 August 2022 to 31 December 2022.
SES-17 entered service from geostationary orbit in June 2022.
SES issued a full-year standalone outlook of €1,750–1,810 million in revenue and €1,030–1,070 million in Adjusted EBITDA for 2022.
SES' video business revenue fell 5.6% to €763 million for the first three quarters of 2022.
SES reported a gross backlog of $955,000,000 for SES-17 and O3b mPOWER combined, up 22% year-on-year.
SES’s leverage reached 4x following the DRS GES acquisition and growth investment, and SES expects leverage to reduce to around 3.5x by the end of 2022.
SES' networks unit revenue climbed 2.7% to €636 million for the first three quarters of 2022 compared with the same period in 2021 when adjusted for foreign exchange and excluding Leonardo DRS Global Enterprise Solutions.
SES recorded revenue of €1,400 million for the nine months ended 30 September 2022, a 6.1% year-on-year increase.
SES stated that US C-band Phase 2 clearing delivers a clear line of sight to $3,000,000,000 in pre-tax proceeds.
SES has a private C-band clearing deal with Verizon that will deliver an additional $170,000,000 of proceeds before the end of 2022.
SES' overall group revenue 2022-12-02.1% to €1.4 billion for the first three quarters of 2022 when adjusted for foreign exchange and excluding DRS GES.
Recent satellite launches give SES a clear line of sight to receiving $3,000,000,000 in proceeds from the Federal Communications Commission by meeting the FCC's 2023-12-05 deadline.
SES recorded Adjusted Net Profit of €277 million for the nine months ended 30 September 2022, a 23.2% year-on-year increase.
SES reported that SES-17 is in service and contributing to growth across the Americas with 13 new deals signed in eight different geographies.
SpaceX had initially been slated to start launching the 11-satellite O3b mPower constellation in 2021.
SES expects to launch the next two O3b mPower satellites in the first half of January 2023 and to conduct a third launch of two satellites probably in February 2023.