TAIPEI — Satellite fleet operator SES reported the expected double-digit increase in revenue and adjusted EBITDA for the nine months ending Sept. 30, which includes 10 weeks of contributions from the purchase of Intelsat, which closed in July.
Without the Intelsat contribution, SES’s revenue was down 1.8% from a year ago and EBITDA was down 10%. EBITDA was particularly affected by a large amount of equipment sales, which are at low margin.
Takeaways from SES’s Nov. 6 financial results
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