SES Beats Q3 Earnings Estimates
European satellite operator SES reported third-quarter earnings and revenue above expectations driven by defence and mobility demand. The company confirmed its annual forecast.
SES posted third-quarter adjusted EBITDA of €413 million ($465 million) on Thursday morning, topping analyst estimates of €367 million. Revenue reached €870 million, beating the €832 million consensus.
The Luxembourg-based satellite operator benefited from strong demand across its defence and mobility business units during the quarter. The company confirmed its full-year financial guidance for stable growth in both revenue and core profit.
