Intelsat Q1 revenue down 13%, EBITDA down 22% on Media, Network declines; Government a bright spot

by Peter B. de Selding

PARIS — Satellite fleet operator Intelsat, in Chapter 11 bankruptcy proceedings since mid-May and now de-listed from the New York Stock Exchange, reported a 13% drop in revenue and a 22.7% decline in adjusted EBITDA for the three months ending March 31, 2020, compared to the previous year.

Total revenue was $458.8 million, against $528.5 million a year earlier. The EBITDA margin dropped to 64.1% of revenue from 72% a year ago.

As expected, revenue from occasional-use video services . . .

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