)
Edge6 Mar 2026
Upvoted: The Story of Reddit
How Reddit built a unique platform around communities and conversation, turning human insight and intent into a distinctive business model.
SES
SES (SESGL) investor relations material
SES Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary2 Mar, 2026
Executive summary
Completed full consolidation of Intelsat from July 2025, driving a step-change in scale and integration progress across all business segments.
Achieved FY2025 revenue of €2,627 million, up 33.9% year-over-year, and Adjusted EBITDA of €1,196 million, up 19.1%, with a margin of 45.4%.
Delivered positive adjusted free cash flow of €229 million and secured €1.8 billion in renewals and new contracts, with a gross backlog exceeding €6.6 billion.
Fast-tracked synergy realization, achieving €370 million annual run rate synergies and €2.4 billion NPV, with a new operating model and OpEx/CapEx savings ahead of plan.
Positioned as a leader in multi-orbit space solutions, with defense and government as key growth verticals.
Financial highlights
FY2025 revenue: €2,627 million (+33.9% year-over-year); like-for-like revenue down 1.6%.
Adjusted EBITDA: €1,196 million (+19.1% year-over-year); like-for-like Adjusted EBITDA down 12.1%.
CapEx: €559 million (reported), below guidance, with €707 million on a like-for-like basis.
Adjusted net debt to Adjusted EBITDA ratio: 3.9x at year-end 2025; cash and cash equivalents: €674 million.
Interim 2025 dividend paid; final dividend proposed for April 2026.
Outlook and guidance
2026 revenue and Adjusted EBITDA expected to be stable year-over-year on a like-for-like and constant FX basis.
2026 CapEx guidance at €700 million, including IRIS² and meoSphere, about €100 million lower than prior guidance.
Continued focus on deleveraging to reach net leverage target of 3.0x or below and maintain investment grade metrics.
Midterm guidance to be provided at Capital Markets Day later in the year.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Next SES earnings date
Q1 202612 May, 2026
SES
Next SES earnings date
Q1 202612 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
SES S.A. is a global satellite operator that provides a range of communication services via its extensive fleet of geostationary and medium Earth orbit satellites. The company offers satellite-based data transmission, video broadcasting, and broadband services to various sectors, including telecommunications, government, maritime, and aviation. SES S.A. also supports critical infrastructure for broadcasting, enabling content delivery to television, radio, and internet streaming platforms across the world. Additionally, the company provides managed services for complex network operations and satellite-enabled cloud services. The company is headquartered in Betzdorf, Luxembourg, and its shares are listed on the Luxembourg Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage