Eutelsat Low Earth Orbit Revenue Rises 30 Percent in First Quarter

Eutelsat Group announced its first-quarter financial results on October 29, 2026, reporting total revenues of 286 million euros. SatNews reported that the company experienced a 30 percent increase in low Earth orbit revenues to 70.9 million euros. SatNews and Satellite Today both report that revenue growth from the OneWeb constellation reached 30 percent year-over-year, which helped offset ongoing declines in the legacy geostationary video business. [1][2]

Overall turnover slipped 0.9 percent year-over-year on a like-for-like basis, according to SatNews. Revenues across four core operating verticals stood at 278 million euros, representing a 2.1 percent like-for-like decrease. Satellite Today reported that growth in OneWeb constellation revenues occurred despite lower user terminal sales during the quarter. [1][2]

The operator reported that its video division generated 40 percent of total revenue but contracted 17.8 percent year-over-year, SatNews reported. The decrease in broadcast operations was driven by market trends and the termination of direct-to-home capacity contracts. [1]

As FTMQ Space reported earlier, Airbus Defence and Space completed manufacturing 32 replacement satellites for the OneWeb constellation in Toulouse, France, on October 5, 2026. Those spacecraft are slated for launch by SpaceX into low Earth orbit as part of a larger order for 669 satellites to refresh the fleet. [6]

Looking ahead, Chief Executive Officer Jean-Francois Fallacher discussed future plans for low Earth orbit infrastructure, Satellite Today reported. He told investors that the proposed IRIS constellation will form part of the next generation of satellite services for the operator. [2]