Europe’s best hope of a homegrown Starlink is starting to point up again. After a flat spell, Eutelsat expects its revenue to grow in 2027 as its low-orbit satellite business gathers pace, and the full-year numbers help explain the confidence.
The operator reported revenue of about €1.24bn for 2025/26, a 3% like-for-like rise, and management is guiding to slight growth next year against a stable 2026.
It is a modest outlook on paper, yet for a company that has spent recent years absorbing losses and doubts, even a promise of growth counts as a turning point.
The engine of that optimism is OneWeb. The low-Earth-orbit constellation now accounts for roughly a quarter of group revenue and is growing at more than 30%, which is enough to offset decline elsewhere and to give the group a clear direction of travel.
Its selling point is genuinely rare, too, because OneWeb is the only operational global low-orbit connectivity network outside Elon Musk’s Starlink, and that gives Eutelsat a real claim to being the alternative rather than merely aspiring to it.
