Eutelsat Q3 Revenue Down 2.3%

Eutelsat reported Q3 2026 revenue of €293 million, a 2.3% decline YoY, though like‑for‑like revenue rose 3.1%.
Video segment fell 17% to €128 million, hit by Russian sanctions (€16 million impact) and Express satellite contract terminations.
Connectivity revenue grew to €155.7 million, with LEO revenue up 65% YoY to €62.2 million, offsetting a 4.3% drop in geostationary revenue.
Company completed €1.5 billion senior notes offering, reaffirmed FY25‑26 targets and expects net debt/EBITDA ~2.7× and €900 million capex.