International Sales Boost Netgem Revenues in 1H 2013
Neuilly-sur-Seine, France, October 3, 2013 — Netgem announced consolidated revenues of €24.1 million (US$32.84 million) for the third quarter of 2013 taking its nine-month consolidated revenue to €57.9 million (US$78.9 million).
Netgem said sales of the new T-Box in Australia and client subscriber growth in Europe and Latin America increased its international business by 75 percent as French revenues continued to slip during the quarter ending September 30, 2013.
Netgem, a technology provider of innovative video solutions for the connected home entertainment market, recently showcased its latest innovations on its two product lines, which allow multi-service operators to extend, and increase the value of their subscribers base: DuoTV (end-to-end low-cost connected TV offer) and TotalTV (premium multi-screens offer).
Netgem also announced the launch of the French version of DuoTV under the brand “La Box Videofutur.” For €10 (US$13.63) per month, La Box Videofutur enables access to an enriched connected TV and SVOD offering, whatever the access provider and internet speed.
This offering is already being distributed in Videofutur shops and on the website. The service will also be distributed from mid-November onwards through partner networks such as the Virgin Mobile national network or local operators such as Ozone and Cityplay.
This original and competitive end-to-end offer, from the terminal to the content, is made available by Netgem to operator partners in a “TV as a service” mode, improving recurring business.
Netgem said it continues to develop profitably and benefits from a high investment capacity which allows to maintain a strong effort in innovation on the connected TV value chain and to finance the growth of activity.
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