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The company’s streaming platform Joyn continued its upward trajectory, with AVOD revenues jumping 25% and total viewing time surging 38%. Also, the entertainment segment saw a 3% rise in Q2 external revenues to €612 million, while the commerce and ventures segment posted a 17% increase to €197 million.

The company announced its financial results for the third quarter of 2024, reflecting a 4% increase in revenue.

Strong Adjusted OIBDA growth continues in C&W Panama and the Caribbean, while post-migration impacts in Puerto Rico are expected to improve in H2. Additionally, the company has agreed to merge with Tigo in Costa Rica and has spent over $300 million on share repurchases and convertible redemption in 2024.

The company announced its financial results for the fourth quarter of fiscal 2024, where the net income, however, fell to $320 million from $369 million in Q4 2023.

The company reported a 23.5% fall in revenue compared to Q2 2023. However, the final weeks of the quarter reignited the company’s revenue and set the path for the upcoming quarters.