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TV18 Broadcast
TV18 Broadcast Ltd on Tuesday reported a consolidated net loss of Rs 55.83 crore for the third quarter that ended on December 31, due to investments made on the sports and digital segment. The company had posted a net profit of Rs 37.81 crore in the October-December period of the preceding fiscal, TV18 Broadcast said in a regulatory filing. Its consolidated revenue from operations was also down 5.17 per cent to Rs 1,676.19 crore, compared to Rs 1,767.71 crore in the corresponding quarter a year ago. "Consolidated revenue for the quarter declined 5 per cent YoY to Rs 1,676 crore, primarily due to lower Movie Studio revenue," said an earning statement from TV18 Broadcast. TV18 Broadcast's total expenses were up 5.2 per cent to Rs 1,907.28 crore in the December quarter. However, its total income, which also includes other income, in the December quarter was marginally up at Rs 1,841.32 crore. "News network maintained strong market positions across genres and continued to deliver ...
TV18 Broadcast Ltd on Tuesday reported a 51.94 per cent increase in its consolidated net profit at Rs 91.20 crore in the April-June quarter, led by a phenomenal performance by its OTT platform JioCinema during IPL cricket league. The company had posted a net profit of Rs 60.02 crore in the April-June period of the preceding fiscal, TV18 Broadcast said in a regulatory filing. Its consolidated revenue from operations was up over two folds to Rs 3,176.03 crore compared to Rs 1,265.05 crore in the corresponding quarter a year ago. "Consolidated revenue for the quarter grew 151 per cent YoY, driven by the performance of IPL on JioCinema," said TV18 Broadcast in its earnings statement. Its OTT streaming platform JioCinema has set new benchmarks of scale and engagement with the first season of IPL, marking an "inflection point" for both viewers and advertisers. However, it also added advertising environment for its other business continues to be 'soft with improvement' in some pockets.
Media firm TV18 Broadcast Ltd on Monday reported a 91.09 per cent decline in its consolidated net profit at Rs 19.66 crore in the fourth quarter ended on March 31, 2023, on account of a fall in advertising revenue. The company had posted a net profit of Rs 220.85 crore in the January-March period of the preceding fiscal, TV18 Broadcast said in a regulatory filing. Its consolidated revenue from operations was down 6.03 per cent to Rs 1,405.90 crore compared to Rs 1,496.22 crore in the corresponding quarter a year ago. TV18 Broadcast's total expenses were at Rs 1,413.49 crore, up 10.48 per cent in the March quarter of 2022-23 compared to the year-ago period. TV18 Broadcast, a subsidiary of Network 18 Group, owns and operates several news and current affairs channels, which include CNN News18 and a host of general entertainment channels like MTV, VH1, Nickelodeon and Colors. During the quarter, its associate Viacom18 completed the transaction for strategic partnership with Reliance,
Media firm TV18 Broadcast Ltd on Tuesday reported a 95.55 per cent decline in its consolidated net profit to Rs 10.28 crore for the second quarter ended September 30, 2022. The company had posted a net profit of Rs 231.40 crore for the July-September period of the previous fiscal, TV18 Broadcast said in a regulatory filing. However, its consolidated revenue from operations rose by 12.65 per cent to Rs 1,473.43 crore compared to Rs 1,307.90 crore in the corresponding quarter a year ago. TV18 Broadcast's total expenses were at Rs 1,485.95 crore, up 34.59 per cent from Rs 1,104 crore earlier. According to the company, economic sentiment remained weak during the quarter with high inflation posing a challenge for companies, especially in the FMCG sector. During the quarter, brands held back advertising spends on new product launches and sustenance campaigns due to these headwinds. Advertising spends by startups and e-commerce players also declined due to the difficult fund-raising ...