SES announced its financial results for the 12 months ended 31 December 2022.

The satellite operator reported revenues of €1.944 billion, an increase of 9.1% on the previous year, although video continues its long-term decline.

Video revenue of €1.02 billion represents a reduction of 5.5% year-on-year, including the planned impact of lower US wholesale revenue and periodic revenue of €10 million in Q1 2022. Excluding these two items, Video was 4.4% lower than 2021 as lower volumes in mature markets were partially offset by growth in Sports & Events and HD+.

Source: SES grows 2022 revenues despite video decline