The subscription revenues for the quarter was up by 18 per cent to Rs 411.85 crore from Rs 349.60 crore for the corresponding quarter ended December 31, 2018
Investors should await ad revenue growth revival before tuning in
Sun NXT to parnter with major telecom company and is consider another OTT player's offer to buy content
Additionally, the company's advertisement revenue came in at Rs 337 crore, down 1.5 per cent YoY, impacted by a weak economic environment.
Stock recommendation by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
Expects market slowdown to impact advertisement revenue
The company's total income stood at Rs 1,158.07 crore during the quarter
The monthly subscription revenue from the app is around Rs 5 crore at present, which means a revenue of Rs 60 crore a year
Company targeting 10% market share in Bengali general entertainment channel space with launch of regional channel
Force Motors, Deepak Fertilisers, Sun Pharma and Jamana Auto were among eight stocks from the S&P BSE 500 index hit their respective 52-week lows on the BSE on Friday.
With 8,000 movie titles in its kitty, the company is now looking at improving this business and is expected to finalise plans to put exclusive content in the app
Even as the advertisement revenue during the second quarter of the year affected mainly owing to the some of the one offs, Sun TV Network is expecting its ad revenue to grow in the early teens in the second half of the year. The company has said that it would take a couple of quarters to see more growth for its recently rejigged General Entertainment Channel (GEC) channel Sun Life, which was an effort to fight the decline in market share due to the entrance of new players like Zee and Colors. It is also in the process of beefing up its OTT channel Sun Next with exclusive content and is in talks with some of the major telecos to improve its reach.The estimated ad revenue growth is around eight per cent on a year on year basis for the company, according to analysts, and the growth during the quarter was impacted due to the Kerala floods, which took place close to Onam festival affecting Rs 70 million ad revenue, shift of Dussehra festival to the third quarter, impacting around Rs 70 ...
The stock dipped 6% to Rs 622 on the BSE in early morning trade after the company reported a mixed operating performance in September quarter with a miss on revenue but a beat on margins and profit.
The decision to cap management compensation and incremental subscription growth are other triggers
The stock dipped 6% to Rs 776 on the BSE, after the company reported 63% YoY growth in net profit at Rs 4.09 billion in June quarter driven by strong performance by its IPL franchise.
The launch is also expected to help Sun ring-fence itself from recent launches by rivals such as Zee, Star and Colors
The share of the company's flagship Tamil general entertainment channel continued to slide, from 44% in April to 42.4% in May and, to 40% now
surged 12% to Rs 966 on the BSE in early morning trade after the EBITDA margin improved 530 bps to 72.9% in Q4FY18 from 67.6% in Q4FY17
Sun TV's shift to a commission-based model from private programming should potentially offer about 20% higher Ebitda
Firm expecting 30% increase in revenue earnings from IPL