Eutelsat reports Q1 revenue jump as OneWeb-backed LEO growth offsets weaker US government demand; OneWeb revenue up 65%
Eutelsat says revenue for the three months ended March 31 rose 11.8% from government business, as demand for military-related capacity outpaced slack in US government spending. OneWeb revenue increased 65% in Q1, helping lift overall results, while Eutelsat’s LEO scale continues to offset declines in video-related activity.