TUPPER LAKE, NY — Satellite fleet operator Eutelsat said its OneWeb LEO constellation grew its revenue by 69.5% in the year ending June 30, while its broadband connectivity revenue from GEO-orbit satellites dropped 6.6%.
OneWeb is now responsible for 25% of Eutelsat’s total revenue, which was 1.236 billion euros ($1.43 billion) for the year — up 3% when stripping out currency effects and down 0.6% otherwise.
The company’s adjusted EBITDA was 51.2% of revenue, down from 54.4% a year . . .
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