FILE PHOTO: Eutelsat Group logo is pictured at their Paris headquarters in Issy-les-Moulineaux, France, April 3, 2025. REUTERS/Benoit Tessier/File Photo
(Reuters) -French satellite operator Eutelsat reported worse-than-expected first-quarter revenue on Tuesday as a decline in video sales offset strong demand for government services, notably in Ukraine.
Revenue from video, connectivity and government services fell 1.2% year-on-year on a comparable basis to 283 million euros ($330 million) in the quarter to end Sept. That was below the average 295 million euros forecast by analysts, according to data from the company.
