Eutelsat Q3 Revenue Decline 2.3%

Eutelsat Q3 2026 revenue fell 2.3% to €293 million, with video segment down 17% to €128 million due to Russian sanctions and contract terminations.
Connectivity revenue rose to €155.7 million, driven by 65% LEO growth to €62.2 million, while geostationary revenue fell 4.3% in the quarter.
Company completed €1.5 billion senior notes offering, expects net debt/EBITDA ~2.7× by FY25‑26 and reaffirmed FY25‑26 targets and FY28‑29 outlook.
Contract backlog stands at €3.4 billion (2.8× FY24‑25 revenue) with connectivity representing 58% of total as of March 31, 2026, underscoring demand.