Starlink rival Eutelsat beats estimates on Ukraine boost, government demand

Eutelsat's Financial Performance: Eutelsat reported better-than-expected annual earnings of 1.23 billion euros, driven by increased demand for satellite internet services from government and corporate clients, despite a significant loss of 1.1 billion euros due to impairments in its geostationary assets.

Strategic Focus and Growth Areas: The company aims to expand in the satellite internet market without directly competing with major players like Starlink, focusing instead on government services, in-flight connectivity, and maritime services, while anticipating a 50% growth in revenues from low Earth orbit satellites next year.