SES jumps after quarterly results beat expectations

By Reuters News

** European satellite operator SES rises 13% after reporting quarterly revenues and earnings ahead of analyst expectations

** Its adjusted EBITDA comes in at €413 million on revenue of €870 million, above the consensus of €367 million and €832 million respectively

** JPMorgan notes that Q3 results were boosted by a favourable aviation contract restructuring worth €54 million

** The broker adds that SES' Media segment revenues also beat forecasts despite weakness at rival Eutelsat ETL.PA

** Up to the previous session's close, shares were down 23.7%​ YTD

** Shares head for their best day since April 2025 if gains hold

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