×

Brazilian Sky provider NetSat loses $50 mil

Company reaches 555,000 subs, revs up to $47.5 mil

RIO DE JANEIRO — NetSat, provider of the Sky satellite service in Brazil, suffered a second-quarter loss due mainly to its policy of subsidizing decoder sales.

NetSat did consolidate its satellite market leadership by reaching a subscriber count of 555,000 in June, up 9% from March and 54% from June 1999. DirecTV provider Galaxy Brasil, NetSat’s major competitor, had 412,000 subs in March.

NetSat’s net revenue was up to $47.5 million in the second quarter, from $44.8 million in the first quarter and $33.9 million in the second quarter of 1999.

But the operator’s net loss reached $49.9 million in the second quarter, up from a loss of $19.5 million in the first quarter and a loss of $16.9 million in the second quarter of 1999.

“We sell decoders for 399 reais ($221) a piece, while its cost amounts to almost twice as much,” NetSat chief financial officer Ricardo Miranda explained.

More Biz

  • President Donald Trump talks with Gov.-elect

    Trump Says He'll Work With California to Aid Wildfire Relief

    RIO DE JANEIRO — NetSat, provider of the Sky satellite service in Brazil, suffered a second-quarter loss due mainly to its policy of subsidizing decoder sales. NetSat did consolidate its satellite market leadership by reaching a subscriber count of 555,000 in June, up 9% from March and 54% from June 1999. DirecTV provider Galaxy Brasil, […]

  • church set Westworld Paramount Ranch Western

    Park Service Aims to Rebuild Western Town at Paramount Ranch in Two Years

    RIO DE JANEIRO — NetSat, provider of the Sky satellite service in Brazil, suffered a second-quarter loss due mainly to its policy of subsidizing decoder sales. NetSat did consolidate its satellite market leadership by reaching a subscriber count of 555,000 in June, up 9% from March and 54% from June 1999. DirecTV provider Galaxy Brasil, […]

  • Jim Acosta Microphone Moment

    First They Came For Acosta. Why We Sued Trump Before He Acts Again (Opinion)

    RIO DE JANEIRO — NetSat, provider of the Sky satellite service in Brazil, suffered a second-quarter loss due mainly to its policy of subsidizing decoder sales. NetSat did consolidate its satellite market leadership by reaching a subscriber count of 555,000 in June, up 9% from March and 54% from June 1999. DirecTV provider Galaxy Brasil, […]

  • Daniel GlassUJA-Federation of New York's Music

    Glassnote Music Strikes Strategic Partnership With Kobalt’s AWAL

    RIO DE JANEIRO — NetSat, provider of the Sky satellite service in Brazil, suffered a second-quarter loss due mainly to its policy of subsidizing decoder sales. NetSat did consolidate its satellite market leadership by reaching a subscriber count of 555,000 in June, up 9% from March and 54% from June 1999. DirecTV provider Galaxy Brasil, […]

  • Movie Theater

    Studios Expected to Push for Early Home Release in 2019 (EXCLUSIVE)

    RIO DE JANEIRO — NetSat, provider of the Sky satellite service in Brazil, suffered a second-quarter loss due mainly to its policy of subsidizing decoder sales. NetSat did consolidate its satellite market leadership by reaching a subscriber count of 555,000 in June, up 9% from March and 54% from June 1999. DirecTV provider Galaxy Brasil, […]

  • NetEase Discusses Importance of Chinese Gaming

    NetEase Discusses Importance of Chinese Gaming Regulation, Anti-Addiction Measures

    RIO DE JANEIRO — NetSat, provider of the Sky satellite service in Brazil, suffered a second-quarter loss due mainly to its policy of subsidizing decoder sales. NetSat did consolidate its satellite market leadership by reaching a subscriber count of 555,000 in June, up 9% from March and 54% from June 1999. DirecTV provider Galaxy Brasil, […]

  • Iggy Azalea at Hits 97.3, Fort

    Iggy Azalea Says She’s Signed a $2.7 Million Deal

    RIO DE JANEIRO — NetSat, provider of the Sky satellite service in Brazil, suffered a second-quarter loss due mainly to its policy of subsidizing decoder sales. NetSat did consolidate its satellite market leadership by reaching a subscriber count of 555,000 in June, up 9% from March and 54% from June 1999. DirecTV provider Galaxy Brasil, […]

More From Our Brands

Access exclusive content