Eutelsat Forecasts 2027 Revenue Growth as OneWeb Satellite Business Continues Rapid Expansion

French satellite operator Eutelsat expects to return to revenue growth in fiscal 2027, with the company betting on the continued expansion of its OneWeb low-Earth orbit (LEO) satellite network to offset declining income from its traditional satellite television business.

The company said its LEO business is expected to grow by more than 30%, reinforcing OneWeb's role as Eutelsat's primary growth engine.

Eutelsat Forecasts 2027 Revenue Growth as OneWeb LEO Business Accelerates — photo 1

Summary: Eutelsat expects modest revenue growth in 2027 as strong demand for OneWeb's LEO satellite services helps compensate for continued declines in its legacy TV broadcasting business.

OneWeb Becomes the Company's Main Growth Driver

OneWeb has become increasingly important to Eutelsat's business following its integration into the company.

Eutelsat Forecasts 2027 Revenue Growth as OneWeb LEO Business Accelerates — photo 2

The LEO satellite division now contributes around 25% of Eutelsat's total revenue, supported by growing demand for:

  • Broadband connectivity

  • Government communications

  • Enterprise networking

  • Aviation and maritime connectivity

  • Services for remote and underserved regions

The company expects this momentum to continue into fiscal 2027, with OneWeb's revenue projected to increase by more than 30%.

Stronger Results Despite Challenges

For the fiscal year ending June 2026, Eutelsat reported:

  • Revenue: €1.24 billion

  • Like-for-like revenue growth: 3%

  • Adjusted EBITDA: €632.4 million

  • EBITDA decline: 3.1%

  • Net loss: More than halved compared with the previous year

The reported revenue exceeded analysts' expectations of €1.20 billion, while the improvement in net loss was largely attributed to significantly lower impairment charges.

Why Is OneWeb Important?

Eutelsat owns OneWeb, currently the only operational global low-Earth orbit satellite network outside SpaceX's Starlink.

That gives the company a unique position as Europe's leading alternative in the fast-growing satellite connectivity market, particularly as governments and businesses seek more diversified communications infrastructure.

Direct Answer: OneWeb is important because it provides Europe with a global low-Earth orbit satellite network that can compete with SpaceX's Starlink in government, enterprise, and broadband connectivity services.

Can OneWeb Offset Declining TV Revenue?

While OneWeb continues to expand, Eutelsat's traditional geostationary satellite television business remains under pressure as broadcasting revenues continue to decline.

The company expects slight overall revenue growth in fiscal 2027, with management anticipating that rapid growth in satellite broadband and enterprise services will outweigh the gradual decline in legacy video operations. Eutelsat also expects its core profit margin to remain broadly in line with fiscal 2025/26 levels.

Although Starlink remains the world's largest LEO satellite constellation, Eutelsat is strengthening its position as Europe's primary competitor through OneWeb. As demand for secure satellite communications, government connectivity, and enterprise broadband continues to grow, the company is increasingly relying on its LEO network to drive future growth while reshaping its business beyond traditional satellite television.