Revenue from operations slipped 3.02% to Rs 3,140.92 crore in Q1 FY25 as against Rs 3,238.94 crore posted in Q1 FY24.
Network18 Media & Investments reported a pre-tax loss of Rs 194.13 crore in Q1 FY25 as against pre-tax profit before tax of Rs 27.46 crore reported in the same period a year ago.
Total expenses stood at Rs 3,509.46 in the June quarter, up 2.24% YoY. Marketing, distribution and promotional expense stood at Rs 509.55 crore (down 2.95% YoY) while finance cost surged 120.19% to Rs 150.37 during the period under review.
The company’s consolidated negative EBITDA widened to Rs 109 crore in Q1 FY25 as compared to negative EBITDA of Rs 55 crore recorded in Q1 FY24.
The TV News portfolio delivered more than 30% advertising growth during the quarter. The network leve...
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