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RTL revenues fall over 28% in Q2, sees ad market decline slowing in Q3

2020-08-13 11:24:00| Telecompaper Headlines

(Telecompaper) European broadcaster RTL Group reported a sharp fall in second-quarter revenues, hurt by the slowdown in the advertising market during the coronavirus outbreak. Sales fell 28.3 percent year-on-year to EUR 1.186 billion. The company said it was able to offset around half the sales decline with lower costs.

Tags: in market fall decline

Swisscom trims FY revenue outlook as Q2 sales fall 3%

2020-08-13 11:05:00| Telecompaper Headlines

(Telecompaper) Swisscom said its net revenues decreased by 3.3 percent in Q2 to CHF 2.02 billion. The Covid-19 pandemic led to a reduction in customer travel, resulting in lower roaming revenues of CHF 41 million, it said. EBITDA after lease expenses fell by 2.2 percent to CHF 833 million, while operating cash flow jumped by 68.9 percent to CHF 424 million.

Tags: sales fall revenue outlook

Cisco quarterly revenues fall 9%, sees continued drop in October quarter

2020-08-13 08:15:00| Telecompaper Headlines

(Telecompaper) Cisco reported a slightly bigger drop in revenues in its fiscal fourth quarter to July, down 9 percent to USD 12.2 billion compared to an 8 percent fall in the previous quarter. Revenues were near the high end of its guidance. Earnings still increased 22 percent year-on-year to USD 0.62, helped by lower taxes.

Tags: october fall continued drop