ENXTPA:ETLMedia
Eutelsat (ENXTPA:ETL) Stock Grapples With Losses As LEO Spending Builds
Eutelsat Communications came into these results as a bruised stock, down roughly 28% over three months and closing at €2.04 on the day of the release. Expectations were low. The headline from the earnings print is not the top line; it is the size and persistence of losses alongside a costly shift to low Earth orbit capacity that now defines the story.
Revenue for the year sat at about €1.236b, yet Eutelsat still reported a loss of €457m and an adjusted EBITDA margin of 51.2%. The market now...