But CEO Rodolphe Belmer said the underlying performance of its five key areas remained “broadly in line with expectations”.
First quarter revenues of €334 million fell by 1.8% on a like-for-like basis.
Video, which represents 65% of the Paris-based company’s revenues came in at 217.2 million. The 1.7% fall was attributed to a particularly high-single-digit decline in Professional Video.
As of 30 September 2018, the total number of channels broadcast by Eutelsat satellites stood at 6,999, up 3.6% year-on-year. The number of HD channels stood at 1,419 versus 1,210 a year earlier, up by 17% and represented 20.3% of channels compared to 17.9% a year earlier.
Core Broadcast revenues remained stable, while Mobile Connectivity saw further double-digit growth.
In Government Services Eutelsat experienced a one-off contract loss previously held with the US government.