ITV

Tag: Ebitda

  • BSkyB’s Q1 revenues up 11 %

    BSkyB’s Q1 revenues up 11 %

    MUMBAI: UK pay TV platform BSkyB has announced results for the first quarter ended 30 September 2006.

    Revenues increased by 11 per cent to £1071 million.

    DTH subscribers increased to 8.258 million, net growth of 82,000 in the quarter. Sky+ households increased by 139,000 in the quarter to 1,692,000, represtning a 20 per cent penetration of total DTH subscribers.

    Multiroom households increased by 46,000 in the quarter to 1,093,000, a 13 per cent penetration of total DTH subscribers. HD households increased to 96,000, net growth of 58,000 in the quarter.

    BSkyB CEO James Murdoch said, “This has been an important period for the company. We are building on our leadership in pay television and are becoming an increasingly well positioned challenger in the £20 billion combined industry for pay television, broadband and telephone services. Sky has delivered the highest first quarter subscriber growth for three years and is seeing high demand across our range of services.

    “One in three families in the UK and Republic of Ireland are choosing Sky for the widest choice in television and now almost a quarter of those families take at least one additional product from us as well. While it is still early, we are pleased with the progress since the launch of Sky Broadband and in just 15 weeks, we’ve seen a great response from Sky customers. Our preparations, pace of provisioning and investments in service and systems to manage demand are performing well. Our strategy is leading to an increase in revenue growth with overall revenues up 11 per cent in the quarter.

    “Our expansion into new areas is supported by continued growth and strong financial performance with pay television EBITDA up eight per cent in the quarter. A wide choice of quality programmes, innovative services like HDTV, Sky+, and broadband are not only attracting new customers, but also offering new services to existing customers. There’s never been a better time to join in.”

    The total number of DTH digital satellite subscribers in the UK and Ireland was 8,258,000, representing a net increase of 82,000 in the quarter and the highest first quarter net subscriber growth since 2003. Strong demand for Sky’s broad range of products led to an increase in gross additions of 14 per cent on the comparable period to 325,000; gross additions were 34 per cent higher than those recorded in the three months to September 2004.

    Sky+ the firm says continues to exceed expectations, with over 20 per cent of all Sky households now taking the product. At 30 September 2006, the number of households subscribing to Sky+ was 1,692,000, an increase of 139,000. During the quarter, the Group reduced the price of Sky+ for existing customers, removing the necessity to take a Multiroom subscription, and thereby allowing them to upgrade at the same attractive rates as new joiners.

    Sky HD subscribers more than doubled during the quarter to 96,000, the fastest ever customer take-up of an additional Sky product, and already representing three times the sales levels achieved by Sky+ in its first year.

  • Radio Mirchi Q2 net up 16% at Rs 49 million

    Radio Mirchi Q2 net up 16% at Rs 49 million

    MUMBAI: Entertainment Network India (ENIL),which manages the radio FM brand Radio Mirchi has posted a net profit of Rs 49.31 million for the quarter ended 30 September.

    According to an official release, the company has reported 16 per cent increase in net profit for the quarter. Net profit rose to Rs 49 million compared to Rs 43 million in the corresponding period last year.
    The company’s earnings before interest, depreciation, tax and amortisation (EBITDA) grew 17.6 per cent to Rs 99 million from Rs 84 million in the same quarter a year ago.

    On a like basis (comparing seven old stations only), EBITDA for the quarter stood at Rs 103 million, up 22.4 per cent year on year (YoY).

    Total income for the quarter recorded at Rs 424 million, while net sales (net sale indicates airtime sales) had been registered at Rs 411 million.

    The expenditure incurred amounting to Rs 325 million has been attributed to production expenses (Rs 24 million), license fees (Rs 21 million), marketing expenses (Rs 130 million), administration & other expenses (RsS 72 million) and employee cost (Rs 79 million).

    The company had introduced Employees Stock Option Scheme (ESOP) for its future and existing permanent employees and directors and future and existing permanent employees and directors of its subsidiary company and holding company.

    Quoting the data based on Indian Listenership Track (ILT – Wave 9), an independent research conducted by MRUC, for the period July- September ’06, the company states, “Radio Mirchi enjoyed the highest listenership of 4.46 million in Delhi out of a total listenership of 6.02 million listeners, comfortably ahead of the competition.”

    In Mumbai too, Radio Mirchi dominated listenership with 2.21 million out of a total of 4.98 million listeners. Commenting on the performance of the company ENIL CEO & MD AP Parigi said, “We continue to focus on building listenership through sustained innovations in marketing and programming as the latest listenership numbers in Delhi and Mumbai indicate. We are confident of magnetising this and maintaining our growth trajectory.”

    The company launched Visual Radio in Mumbai in September ’06 after it launched in New Delhi in July ’06.

  • HT Media net trebles at Rs 306.3 million

    HT Media net trebles at Rs 306.3 million

    MUMBAI: HT Media Limited has reported a 33 per cent increase in revenues for the quarter ended 30 June 2006 to Rs. 2.48 billion, compared to Rs 1.86 billion a year ago. This is driven primarily by contributions from the Mumbai operations which was launched in July 2005, the company said in a release.

    Enhanced operating efficiencies and robust ad revenue growth resulted in a 113.3 per cent improvement in operating profits (EBITDA) for the quarter which increased to Rs 606.2 million. The operating margin for the quarter improved to 24.5 per cent from 15.3 per cent last year.

    Pre-tax profits recorded a substantial increase from Rs 154.2 million last year to Rs 473.6 million in Q1FY2007. Net profit for the quarter under review, when compared with corresponding period last year, more than trebled to Rs 306.3 million from Rs 98.1 million, translating into an EPS (non-annualized) of Rs 6.53.

    Commentiing on the performance HT Media vice chairperson and editorial director Shobhana Bhartia said: “Our performance during the quarter has been very encouraging. We are pleased to report that our Mumbai operations are performing in line with plan, enabling us to attract national advertisers and better rates. In addition to being a leader in the English market, we are also one of the country’s largest players in the Hindi segment where we are expanding our footprint. Our operations continue to be fundamentally robust, and we intend to make further investments in new growth initiatives during the current year. Our growth strategy is working as intended and we believe that the outlook for the full year is quite strong.

  • Worldspace Q12006 revenues up 35% to $3.5 million

    Worldspace Q12006 revenues up 35% to $3.5 million

    MUMBAI: For the first quarter of 2006, satellite radio player Worldspace reported revenues of approximately $3.5 million, representing a 35 per cent increase compared with revenues of approximately $2.6 million for the first quarter of 2005.

    Subscription revenue doubled to approximately $1.6 million for the first quarter of 2006 compared with subscription revenue of approximately $0.8 million for the first quarter of 2005, the company said in an official release.

    Worldspace recorded a net loss for the first quarter of 2006 of $29.2 million, or $0.79 per share, compared with a net loss of $9.2 million, or $0.40 per share for the first quarter of 2005. Sequentially, the net loss improved from the fourth quarter 2005 results of $33.2 million, or $0.90 per share. Worldspace had an EBITDA (earnings before interest income, interest expense, income taxes, depreciation and amortization) loss of $31.2 million for the first quarter of 2006, compared with EBITDA of $1.5 million for the first quarter of 2005, and an EBITDA loss of $44.9 million in the fourth quarter of 2005, the release adds.

    The company said it finished the first quarter of 2006 with 153,437 subscribers. The Company added 38,131 subscribers in the first quarter of 2006, an increase of 109 per cent over the 18,233 subscribers added in same quarter of 2005. In India, the Company had 111,723 subscribers at the end of the first quarter of 2006, up 50 per cent from 74,574 at the end of the fourth quarter of 2005 and a five-fold increase from 21,730 at the end of the first quarter of 2005, it said in a release.

    At the end of the first quarter of 2006, Worldspace had rolled out its satellite radio services in ten cities in India – Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Kochi, Pune, Ahmedabad, Chandigarh, and Kolkata. It also signed Indian music impresario AR Rahman as a brand ambassador in India.

    Globally, Worldspace introduced three new programming channels, including Fox Sports Radio, and Ranin and Min Zaman, the latter two targeted to listeners in the Middle East, bringing the total number of channels broadcast on Worldspace’s global system to 223 by the end of the first quarter of 2006.