Eutelsat said on Friday it expects revenue ​to increase slightly next year as growth of ‌more than 30 percent in its low-Earth orbit satellite business offsets declines in its legacy video operations.

The company said in ​a trading update it expected to deliver ​slight revenue growth in 2027, compared with ⁠stable revenue in the previous year. The core ​profit margin is estimated at broadly the same level ​as 2025/26.

Eutelsat’s OneWeb constellation is the only operational global low-Earth orbit (LEO) connectivity network outside Elon Musk’s Starlink, positioning the French ​group as a potential beneficiary of European efforts ​to develop alternatives to U.S. satellite providers.

LEO services accounted for ‌about ⁠a quarter of group revenue in 2025/26, while the company’s legacy geostationary business continued to be weighed down by declining video revenue.

The company reported a ​3 percent increase in ​like-for-like full-year ⁠revenue, reaching €1.24 billion ($1.43 billion) in the year ended in June. Analysts polled by ​the company had expected revenue of €1.20 ​billion on average.

Adjusted core earnings fell 3.1 percent to €632.4 million on higher operating expenses. Net loss more than halved as ⁠Eutelsat ​recorded significantly lower impairments than ​a year earlier, when it took write-downs of about €720 million.