Flat Overall Topline But Accelerating Traction In Govt and LEO Connectivity.

Results flat. Q4 revenue was €337M (incl. €12M IRIS2 receipts), flat y/y but up sequentially on higher LEO equipment sales. Full-year FY25 revenues grew 2.5% to €1.24B. Management guided to flat FY26 revenues, with GEO headwinds (-5.6% in FY25) expected to offset LEO gains.
Fixed connectivity. Revenue declined 16% y/y to €69M due to a prior-year revenue catch-up but rose 15% sequentially on stronger LEO traction. Africa & MENA prospects should be boosted by the recent Orange LEO capacity deal along with KONNECT VHTS capacity shift.

Eutelsat (ETL): 2025 Q4 Earnings Review & Financial Analysis

SKU: QS-CE-2025-Q4-Eutelsat_(ETL)

$500.00

August 8, 2025
Financial Bundle

Pro Bundle

${description}

${ProductName}

${Sku}

${price}

Published Date

${PubDate}

Available in the Following Plans

${planList}

many-screen-monitors-with-charts-graphs (2)_edited_edited.png

Consider a Quilty space
research plan

Button

FINANCIAL
Bundle

Button

pro
Bundle

Strategic
Bundle

$3,000

$4,900

$3,600

Quilty space research plans

Research
PRoducts

Financial Model

QS team to provide the description for the financial models. Missing from excel file.

Sector Financial Analysis

A comprehensive summary of public earnings results by industry sector, with peer group analysis.

Company Earnings Review

Review of a company’s quarterly financial performance.

Initiation of Coverage Report

Detailed analysis of a company’s financials, industry position, and growth prospects, marking our research coverage debut.

Megaconstellation Monthly

Essential news roundup covering the latest on broadband, defense, IFC, maritime, and direct-to-device, along with the “Quilty QuickTake” on what it all means.

Industry Insight

Financially focused commentary and analysis on market players, trends, and the competitive landscape.

Sector Deep Dive

In-depth financial, regulatory, and tech analysis examining key trends and developments within a specific sector of the space ecosystem.

Company Insight

A focused analysis on an individual company

Free

Quilty QuickTakes

Curated short-form analysis on current events.

Market Monitor

A monthly summary of space industry capital markets activity, combined with a summary of content published by Quilty Space.

Financial Coverage

Strategic Coverage

Mouse over the Products to see detailed descriptions & sample reports.

Frequency
& Sample

Biweekly

Monthly

Quarterly

Varies

Monthly

Varies

Quarterly

Financial
Bundle

Single User Custom Bundle of all Financial Research: Best for Investors

pro
Bundle

Single User All-Access Pass Includes Unlimited Downloads of all report types

$3,000

$4,900

Strategic
Bundle

Single User Custom Bundle of all Strategic & Thematic Research: Best for Market Intelligence & Strategy

Eutelsat (ETL): 2025 Q4 Earnings Review & Financial Analysis

Published Date

Available in the Following Plans

Consider a Quilty space research plan

FINANCIAL Bundle

pro Bundle

Strategic Bundle

Quilty space research plans

Research PRoducts

Frequency & Sample

Financial Bundle

pro Bundle

$3,000

$4,900

Strategic Bundle

$3,600

Consider a Quilty space
research plan

FINANCIAL
Bundle

pro
Bundle

Strategic
Bundle

Research
PRoducts

Frequency
& Sample

Financial
Bundle

pro
Bundle

Strategic
Bundle