Intelsat announces Q2 2017 results

Intelsat S.A. (NYSE: I), operator of the world´s first Globalized Network and provider of integrated satellite communications, has announced financial results for the three months ended June 30, 2017, the company said.

Intelsat reported total revenue of USD 533.2 million and a net loss attributable to Intelsat S.A. of USD 23.8 million for the three months ended June 30, 2017.

Intelsat reported EBITDA1, or earnings before net interest, loss/(gain) on early extinguishment of debt, taxes and depreciation and amortization, of USD 407.3 million and Adjusted EBITDA1 of USD 417.9 million, or 78 percent of revenue, for the three months ended June 30, 2017.

Network services revenue was USD 214.9 million (or 40 percent of Intelsat´s total revenue) for the three months ended June 30, 2017; a decrease of 6 percent compared to the three months ended June 30, 2016.

Media revenue was USD 222.2 million (or 42 percent of Intelsat´s total revenue) for the three months ended June 30, 2017; an increase of 5 percent compared to the three months ended June 30, 2016.

Government revenue was USD 86.0 million (or 16 percent of Intelsat´s total revenue) for the three months ended June 30, 2017; a decline of 8 percent compared to the three months ended June 30, 2016.

The company´s last anticipated satellite launch for 2017 is Intelsat 37e. This satellite, which will replace Intelsat 901 in the Atlantic Ocean region, is planned for launch in the third quarter of 2017 on an Arianespace, Ariane 5 rocket.

Intelsat operates the world´s first Globalized Network, delivering high-quality, cost-effective video and broadband services anywhere in the world. Intelsat´s Globalized Network combines the world´s largest satellite backbone with terrestrial infrastructure, managed services and an open, interoperable architecture to enable customers to drive revenue and reach through a new generation of network services.