Starlink rival Eutelsat beats estimates on Ukraine boost, government demand
Eutelsat gained the spotlight this year as European governments sought home-grown solutions for satellite services, aiming to reduce their reliance on US providers such as Elon Musk's Starlink.
Revenues from video, connectivity and government services reached €1.23bn (R25.59bn) in the year ended June 30, up 0.8% from a year earlier.
Financial analysts had expected the revenues to total €1.21bn (R25.18bn), according to a consensus poll provided by Eutelsat.
The Paris-based group hopes to offset declining income from its video business by gaining a foothold in the satellite internet market, where Starlink dominates.
However, CEO Jean-François Fallacher told reporters the company 'won't compete head-to-head with Starlink or Amazon's Kuiper in consumer markets', focusing instead on segments that make it competitive.
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