News Broadcasting
PanAmSat Q2 results boosted by football world cup coverage
MUMBAI:PanAmSat, the global video and data broadcasting services provider has reported revenues of $209.2 million for the second quarter of 2002, in financial results declared last week.
The slight increase in revenues over corresponding figures last year (total revenues for Q2 2002 were $209.2 million, compared to revenues of $208.2 million for Q2 2001) was facilitated by the company’s world cup soccer coverage, claims PanAmSat. The successful completion of the company’s largest single event ever for broadcast services, consisting of more than 23,000 hours of 2002 FIFA World Cup coverage to over 24 countries around the globe, was concluded this quarter.
The company has also declared EBITDA of $150.8 million, earnings before interest and taxes (EBIT) of $61.0 million and earnings per share (EPS) of $0.13 during the quarter ended June 30, 2002. The companys EBITDA margin was 72 per cent of revenues for Q2 2002, a seven per centage point increase over the same period last year, says the company.
Other business highlights of PanAmSat’s Q2 2002 results include:
# The culmination of the companys $2.0 billion, 30-month, seven-satellite modernisation programme with the successful launch of the Galaxy IIIC satellite on 15 June, giving PanAmSat the youngest, most modern fleet in the FSS industry.
# Quarterly EBITDA increased $16.3 million or 12 per cent as compared to the same period in 2001, despite relatively flat revenues for PanAmSat and the satellite industry as a whole.
PanAmSat president and CEO Joseph R. Wright says the company began to reduce its cost base relative to the revenues realistically expected for this year after last summer’s performance. “Our operating costs are now over 20 per cent below this time last year. We also refocused our company away from the expensive development of new products for the Internet and back to completing our seven satellite fleet modernization program to create the youngest, most reliable FSS operation in the industry. ”
The company expects total revenues for the third quarter of 2002 to be in the range of $190 million to $200 million, with no new sales or sales-type leases.
News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
