Karen noted that Vodafone’s earnings growth last year was boosted by unusually favourable currency movements and a one-off gain. She added that the company would struggle to obtain its 1-4 per cent growth target next year “with their cash cow, Germany, struggling as it is."
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On 12 May 2022, Enders Analysis co-hosted the annual Media and Telecoms 2022 & Beyond Conference with Deloitte, sponsored by Barclays, Financial Times, Meta, and Deloitte Legal
With up to 500 attendees and over 40 speakers from the TMT sector, including leading executives, policy leaders, and industry experts, the conference focused on regulation, infrastructure, and how new technologies will impact the future of the industry
These are edited transcripts of Sessions 1-3 covering: regulation and legislation, PSB renewal, and clarity in the age of non-linear transmission. Videos of the presentations are also available on the conference website
Sky continued to grow its UK revenue thanks to price rises, mobile customer additions, and a rebound from lost hospitality business in early 2021, but this was still outweighed by the recent reset of its Italian operation
Aggregation remains a core focus, with Paramount+, and Magenta Sport in Germany, added to Sky’s bundles, while fibre rollout will intensify with the launch of Sky Stream puck as a standalone device later this year
Declining buying power raises uncertainty over consumer behaviour: in previous recessions, pay-TV performed well, but today subscribers have more video options than ever before
Abi said "The results represent the first quarter as a fully combined company and present significant red flags for the firm moving forward."
She said that the declining users on Facebook are likely to have battered the click-through rates for Buzzfeed sites, as well as those all important ad eyeballs and added that although Buzzfeed posted hikes in both advertising and content revenue, she said this was likely attributed to the recent acquisition of Complex, which is a leader in engagement with 18-24 year old men. Watson said she was “uncertain” this could continue into next year once it becomes fully combined into the group.
The UK's ongoing status as a cultural powerhouse
18 May 2022The UK's cultural industries remain the strongest in Europe and digital distribution is a strong vector for the globalisation of British culture
The international reach and reputation of UK news providers is unparalleled, with the BBC, the largest news provider globally, reaching half a billion users weekly
Independent commissioning drives a dynamic ecosystem of TV exports with global clout—worth an estimated £3.4 billion—that remains stable despite Brexit
Virgin Media O2: Brakes on just temporarily
16 May 2022While VMO2’s Q1 results were strong, its subscriber additions were weak, particularly on the broadband side, with a seemingly somewhat deliberate go-slow as the year began, but cost-of-living crisis and fibre overbuild may also be factors.
We see considerable scope to ramp up commercial aggression from here given the sizeable tailwinds from price increases, synergy benefits and the migration of the Virgin Mobile MVNO from Vodafone.
We remain sceptical of VMO2’s further network extension ambitions and hope that no news on securing a financial partner is good news, increasing the odds of it pursuing the less risky strategy of expanding its footprint through wholesale.
Karen Egan was quoted in The Times on "Abu Dhabi giant Etisalat in £3.3 billion raid on Vodafone"
16 May 2022Karen said “However at pains they are to insist they are supportive, it’s yet another sizeable shareholder lining up to pressure Read to deliver.”
Karen Egan was quoted in The Telegraph on "UAE rival launches shock $4.4bn raid on Vodafone"
16 May 2022Karen said Etisalat’s unexpected move came at “a crucial time” for Mr Read and the UAE company would not have swooped unless bosses believed “they can have a lot of influence."