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Tag: revenues
Telecom Italia revenues down 8% in Q1, confirms FY core profit forecast
2020-05-19 08:58:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) confirmed its full-year core profit guidance in spite of an 8.4 percent year-on-year decline in first-quarter revenues to EUR 3.96 billion, attributed to a sharp fall in domestic sales resulting from lower customer numbers in stores and reduced roaming traffic during the coronavirus lockdown. The company's EBITDA was down 7.5 percent year on year on organic terms to EUR 1.77 billion in the first 3 months of 2020 thanks to cost savings and a 1.6 percent rise in revenues at TIM Brasil that partially offset the lower domestic revenues.
Tags: italia
core
profit
telecom
Global OTT revenues to reach $167 billion in 2025
2020-05-18 04:45:07| Digital TV News
According to Digital TV Research, global online TV episode and movie revenues will reach $167 billion in 2025; double the $83 billion recorded in 2019. About $16 billion will be added in 2020. SVODs share of OTT revenues will stay at around 58%.
Tags: global
reach
billion
revenues
Cisco quarterly revenues fall 8%, sees bigger drop in July quarter
2020-05-14 08:17:00| Telecompaper Headlines
(Telecompaper) Cisco's revenues turned lower in its fiscal third quarter to April, down 8 percent year-on-year to USD 12.0 billion, and net earnings fell 6 percent to USD 0.65 per share. The company said it expects a further decline in the July quarter, with revenues down 8.5-11.5 percent annually and EPS of USD 0.57-0.62.
Tencent lifts revenues in Q1 but profit growth slows amid pandemic
2020-05-13 14:45:00| Telecompaper Headlines
(Telecompaper) Tencent reported higher revenues for the first quarter, but also a slower profit growth as it faced headwinds caused by the coronavirus pandemic. The company said it allocated CNY 2 billion worth of donations to covid-19 relief initiatives in China and globally. Looking ahead, the company expects in-game consumption activities to normalise as people return to work. It also sees some headwinds in the online advertising industry.
Tags: growth
profit
revenues
amid
Fashion revenues likely to contract 27-30% in 2020
2020-05-07 18:18:00| Daily apparel & textile news and comment - from just-style.com
Revenues for the global fashion industry can be expected to contract by 27-30% in 2020 and businesses must start gearing up for trading in an entirely different environment compared to the one pre-Covid, according to a new report from global consulting firm McKinsey & Company.
Tags: fashion
contract
revenues
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