Intelsat S.A. (NYSE: I; formerly Intelsat Global Holdings S.A.), the world’s leading provider of satellite services, today reported financial results for the three months ended March 31, 2013.
IntelsatS.A.reported revenue of $655.1 million and a net loss of $7.8 million, or $0.09 per share, for the three months ended March 31, 2013. The company also reported EBITDA1, or earnings before net interest, taxes and depreciation and amortization, of $496.8 million, and Adjusted EBITDA1 of $505.8 million, or 77 percent of revenue, for the three months ended March 31, 2013. Contracted backlog at March 31, 2013, was $10.4 billion.
Intelsat CEO Dave McGlade said, “Intelsat provides critical communications infrastructure on a global basis for customers in the media, network services, and government sectors. By offering solutions for global media distribution, broadband infrastructure for fixed and mobile applications, and innovative, end-to-end government services, Intelsat is positioned to benefit from the rapidly expanding global consumption of content and data.”
“Total revenue grew 2% in the first quarter of 2013, as compared to the year-earlier quarter. On-network revenue grew 4% in the period, reflecting solid demand for transponder services and the benefit of refreshed video neighborhood capacity and mobility capacity provided by our 2012 launch campaign,” McGlade continued. “In addition, managed services revenue increased, reflecting demand for our global hybrid infrastructure of terrestrial and satellite capacity, particularly for mobility applications for network services customers. New customer and renewal activity remains steady, and our backlog, at $10.4 billion, offers visibility into future revenue trends.”
“I am pleased to welcome common and preferred stockholders following our IPO in April 2013. We are using the funds raised in our stock offerings, combined with the interest savings from our recent debt re-financings, to begin a positive cycle of de-leveraging that we believe will enhance the equity value we create for our stakeholders.”
About Intelsat
Intelsat (NYSE: I) is the leading provider of satellite services worldwide. For almost 50 years, Intelsat has been delivering information and entertainment for many of the world’s leading media and network companies, multinational corporations, Internet Service Providers and governmental agencies. Intelsat’s satellite, teleport and fiber infrastructure is unmatched in the industry, setting the standard for transmissions of video, data and voice services. From the globalization of content and the proliferation of HD, to the expansion of cellular networks and broadband access, with Intelsat, advanced communications anywhere in the world are closer, by far.