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Tag: financial results

  • Siti Networks posts Rs 509 million operating EBITDA in Q2 FY22

    Siti Networks posts Rs 509 million operating EBITDA in Q2 FY22

    Mumbai: Multi-system operator (MSO) Siti Networks has released its consolidated audited financial results for Q2 FY22 ended on 30 September. The company has maintained operating EBITDA at Rs 509 million and its operating EBITDA margin expanded to 13.9 per cent.

    The company announced the launch of Siti Mitra mobile app for its 25000+ local cable operator partners. The app has a fully functional ‘Own Your Customer’ subscriber management system, allowing partners to have control of their business on their palms. The app is available on the Google Play store.

    Total revenue (excluding activation) increased to Rs 3672 million from Rs 3615 million in the previous quarter. The company’s subscription revenue remained essentially flat at Rs 2350 million. Siti Broadband, too, observed a base jump of 20 per cent year on year and seven per cent quarter on quarter to 2.19 lakh. Siti Broadband’s revenue increased 4.1 per cent over the previous quarter and 11 per cent YoY to Rs 288 million.

    “Siti’s continued focus on operational efficiencies and strict control over expenses has ensured that our operating EBITDA is Rs.509 million with 13.9 per cent operating EBITDA margins. Our total revenue also increased to Rs.3,672 million. Our push for SITI Broadband has ensured that our customer base and revenues are up 20 per cent and 11 per cent y-o-y, respectively,” said Siti Networks chief executive officer Anil Malhotra.

    He added, “We have always had our ears to the ground, and the launch of the Siti Mitra mobile app for our 25,000+ partners is a testament to that. The app has our fully functional ‘Own Your Customers’ subscriber management system, and now our partners will be able to manage their business from their mobile phones. The app is available on the Google Play Store.”

  • ViacomCBS quarterly global streaming revenues cross $1 billion mark

    ViacomCBS quarterly global streaming revenues cross $1 billion mark

    Mumbai: ViacomCBS global streaming revenue surpassed $ one billion for the first time in the third quarter 2021 with a growth of 62 per cent year-on-year. The company added 4.7 million net subscribers during the quarter reaching nearly 47 million subscribers. This includes the streaming platforms Paramount+, Showtime, BET+ and Noggin.

    The company saw 79 per cent growth YoY in streaming subscription revenue. It generated 48 per cent YoY growth in streaming advertising revenue, largely driven by Pluto TV, which grew global monthly active users (MAUs) to over 54 million and revenue by 99 per cent YoY. In terms of monetization, global streaming subscription ARPU increased 8 per cent year-over-year.

    The company’s total revenue was up by 13 per cent for the quarter ended 30 September at $6.6 billion. The pace of subscriber growth has slowed compared to the previous quarter when the company added 6.5 million new additions across its streaming services.  

    The company attributed the growth of subscribers and consumption on Paramount+ on its diverse global content offering including “A Quiet Place Part II,” “Paw Patrol: The Movie,” the return of the NFL, and the New CBS Fall Season.

    “The strength and momentum of both Paramount+ and Pluto TV are clearly evident, and demonstrate the power of the strategy we laid out at our investor event earlier this year,” said ViacomCBS president and chief executive officer Robert Bakish. “To that end, I want to remind you of three key enablers driving the ViacomCBS strategy, all of which we’re seeing in action. First, an incredible breadth and depth of compelling content which is critical to attracting and retaining consumers globally; second, robust distribution and marketing, which ensures we can build the broadest reach and awareness; and third, a strong and flexible financial engine to enable streaming investment, drive RoI and maximize shareholder value.”

    Adding further, he said, “As the leading free ad-supported streaming TV service on the market, Pluto TV is winning in both scale and engagement, and it will be a $1 billion revenue business this year.”

  • Sony Group’s media networks biz in India grows in Q2 FY21

    Sony Group’s media networks biz in India grows in Q2 FY21

    Mumbai: Sony Group Corp has released its financial results for Q2 FY2021 that ended on 30 September. The media conglomerate reported that Sony Pictures Entertainment’s (SPE) Indian business, which includes video distribution service SonyLIV and its leading broadcasting business, accounted for slightly less than 40 per cent of the sales of media networks in Q2.

    Its pictures segment saw a 40 per cent increase year-on-year in sales, primarily attributed to increase in sales of television productions and media networks. The sales for the pictures segment stood at $612 million. The company also reported higher advertising revenues in India YoY.

    Last month, the company signed a non-binding term sheet to merge a subsidiary of Sony Pictures Entertainment (SPE) and Zee Entertainment Enterprises Ltd (Zeel), a media company in India. Under the proposed merger, SPE would hold a majority stake in the resulting merged entity.

    Under the term sheet, the two parties are conducting mutual due diligence and Zeel has agreed to negotiate exclusively with SPE for a period of 90 days with the goal of reaching definitive agreements.

    “India has an economic base that is rapidly growing, primarily among the younger generation, and it is the largest linear TV market in the world that is still growing. In addition, the opportunity for digital distribution services is beginning to grow rapidly due to improvements in India’s communication infrastructure,” it said in a statement.

    “As a growth area in the pictures segment, we plan to continue to proactively seek opportunities to expand this business by using the profitability of the TV broadcasting business and our content assets to strengthen our digital distribution service,” it added.

  • Network18 reports 53 per cent EBITDA growth in Q2 FY22

    Network18 reports 53 per cent EBITDA growth in Q2 FY22

    Mumbai: Network18 Media and Investments Ltd has announced its results for the second quarter financial year 2022. The media company reported that the consolidated EBITDA for the quarter grew 53 per cent year-on-year and operating margin at 18.2 per cent.

    The entertainment margin stood at ~19 per cent and excluding film business, revenue was up by 31 per cent YoY. The news margin stood at ~18 per cent and news business revenue was up by 18 per cent YoY. The revenues for digital news rose by 55 per cent YoY and margins at ~17 per cent. Profit after tax rose to ~ Rs 200 crore.

    The company reported that its entertainment broadcast business saw a strong performance in Hindi and select regional markets and that its share of the entertainment portfolio rose 90bps quarter-on-quarter to 11.8 per cent. “This was despite a marginal decline in the entertainment and overall TV viewership, which has now settled at the pre-Covid-19 levels,” it noted.

    It also reported that entertainment revenues surpassed pre-Covid-19 as ad volumes registered strong growth during the quarter. “Having already scaled to FY20 levels in Q1, ad revenue registered a strong growth (vs both FY21, FY20) during the quarter, driven by an action-packed programming calendar that strengthened the network’s viewership share,” the company said.

    According to the company, domestic pay-TV subscription revenue for the quarter was flattish YoY while international pay-TV subscription revenue remains under stress.

    The company confirmed that Viacom18 has acquired the rights to the next FIFA World Cup 2022 to be held in Qatar. It has also acquired rights to three of the five most-watched football leagues in the world – La Liga (Spain), Serie A (Italy), and Ligue 1 (France). It said, “Live sports on broadcast and digital platforms will complement the current entertainment offering and will strengthen the consumer value proposition of the network.”

    The company’s over-the-top platform Voot Select saw a sharp jump in paid subscribers during the quarter, which is attributed to the launch of “Bigg Boss OTT.” The show garnered more than 10 billion minutes of watch time (AVOD+SVOD) over a six-week period. The company reported that Voot was the fastest OTT to reach one million B2C subscribers.

    “This quarter has been quite remarkable, both from a macro as well as company’s point of view. The way the country came out of the grip of the second wave of Covid-19 was truly heartening and equally reassuring was the full-swing return of economic growth,” said Network18 chairman Adil Zainulbhai.

    “The outlook is looking quite promising from a medium-term perspective and this is good news for all our consumer-facing businesses. Our digital assets, both news and entertainment, got a lift during the pandemic and we continue to invest to leverage those gains. With expansion into the sports genre, we have taken a significant step towards scaling up our entertainment portfolio to the next level. This will help establish us as a truly integrated media company across broadcast, OTT, and content studio business spanning general entertainment, news, movies and sports,” he added.

  • GTPL Hathway ISP business grew by 50% YoY in Q2 FY22

    GTPL Hathway ISP business grew by 50% YoY in Q2 FY22

    Mumbai: Digital cable TV and broadband service provider GTPL Hathway’s internet service provider (ISP) business grew by 50 per cent YoY, according to its financial results for Q2 FY2022. The company reported consolidated revenues of Rs 605.2 crore up by four per cent YoY.

    The company’s paying subscribers stood at 7.35 million out of which 2,75,000 are FTTX subscribers at the end of H1 FY22. It added 1,00,000 net broadband subscribers in H1 FY22. The broadband average revenue per user (ARPU) for Q2 FY22 stood at Rs 440 which is up by two per cent YoY.

    “GTPL is in a sweet spot for converting its strong existing CATV subscriber base of 10+ million households into its broadband subscribers directly or through operators. Deployed the latest GPON technology for providing high-speed and high-volume Broadband services in Gujarat. GTPL plans penetrate to other regions by upgrading to FTTX Solutions,” the company said in a statement.

    The company reported H1 2021 revenue at Rs 1215.9 crore an increase of 12 per cent YoY. Its ISP business revenue stood at Rs 100.6 crore for the quarter ended 30 September. The EBIDTA for the quarter stood at Rs 144.8 crore up by four per cent and profit after tax at Rs 43.3 crore.

    “GTPL Hathway continues to deliver on key KPIs during H1 FY22. The highlight of H1 FY22 performance was robust subscriber additions and subscription revenues for the broadband business, coupled with strong balance sheet and return ratios,” said GTPL Hathway managing director Anirudhsinh Jadeja. “The balance sheet remains strong owing to ‘Net Debt Free’ status leading to impressive ROCE and ROE of 33 per cent and 20 per cent, respectively as of 30 September. With the economy getting back to normalcy led by aggressive vaccination drive, the company is geared to strengthen its presence in the existing and new markets.”

  • Vodafone Idea loses 12.3 million subscribers in Q1 FY22

    Vodafone Idea loses 12.3 million subscribers in Q1 FY22

    Mumbai: Vodafone Idea Ltd (VIL) revenue has been declined by 4.7 per cent quarter on quarter (QoQ) to Rs 91.5 billion at the end of the first quarter FY22. EBITDA for the quarter was Rs 37.1 billion, with EBITDA margins at 40.5 per cent vs 45.9 per cent in Q4 FY21. The CapEx spend for the quarter was Rs 9.4 billion vs Rs 15.4 billion in the previous quarter.

    The telecom company reported total gross debt (excluding lease liabilities and including interest accrued but not due) of Rs 1915.9 billion, as of 30 June. This includes deferred spectrum payment obligations of Rs 1060.1 billion and AGR liability of Rs 621.8 billion that are due to the government and debt from banks and financial institutions of Rs 234 billion. Cash and cash equivalents were Rs 9.2 billion and net debt stood at Rs 1906.7 billion.

    The company said its broadband site count stood at 447,114, lower compared to 452,650 in Q4 FY21 as it continues to actively shut down 3G sites. “Our 4G network covers over one billion Indians as of 30 June,” it added.

    The subscriber base has declined by 12.3 million and stands at 255.4 in this quarter vs 267.8 million in the previous quarter. The telco’s 4G base declined to 112.9 million vs 113.9 million in the previous quarter. The subscriber churn was 3.5 per cent in Q1 FY22 vs 3.0 in Q4 FY21. ARPU declined to Rs 104 vs Rs 107 in the previous quarter. The data volumes witnessed strong growth of 13.2 per cent quarter on quarter. Data usage per broadband subscriber surged to 14.6 GB/month vs 12.8 GB/month in the previous quarter.

    “The severe second wave of COVID-19 caused significant disruptions and slowdown in economic activities,” said VIL managing director and chief executive officer, Ravinder Takkar. “During these challenging times, VIL continued to serve its customers and community at large by providing seamless connectivity as well as maintaining superior quality of services.”

    “Vi GIGAnet’s superior network experience on both data and voice, is testified through top rankings in independent external reports. We continue to focus on executing our strategy to keep our customers ahead, and our cost optimisation plan remains on track to deliver the targeted savings. We are in active discussion with potential investors for fundraising, to achieve our strategic intent,” Takkar added.

  • Sun TV Network revenue at Rs 810.10 crore in Q1 FY22

    Sun TV Network revenue at Rs 810.10 crore in Q1 FY22

    Mumbai: Sun TV Network Ltd, reported revenue growth of 34 per cent (including IPL) at Rs 810.10 crore for the quarter ending 30 June compared to the corresponding quarter last year. The media company reported 93 per cent growth in advertising revenues at Rs 243.66 crore and profit after tax of 389.76 crore up by 38 per cent. EBITDA for the quarter stood at 484.97 crore up by 19 per cent.

    The company reported 23.5 million paid subscribers for its OTT platform Sun NXT at the end of the quarter, mostly driven by its telecom distribution partnerships.

    Sun TV is one of the largest television broadcasters in India. It operates satellite television channels across five languages of Tamil, Telugu, Kannada, Malayalam and Bangla, airs FM radio stations across India, owns the SunRisers Hyderabad cricket franchise of the Indian Premier League and the digital OTT platform Sun NXT.

    “The most important change that has happened in the current quarter ended 30 June is the change in the estimation of the useful life of our movies. As you know, we’ve been amortising it in full in the past. Now, beginning this year, we would amortise them over a useful life of four years, whereby 30 per cent reach will be written off in the first two years and 20 per cent reach in the last two years. As a result, our depreciation and amortisation chart are lower by Rs 70 crore. Though, it will have an effect for the first year, it will normalise over time. This is in line with the global best practice. Almost all the media companies which have huge investments in content and which content is used over foreseeable future, adopt time periods which are comparable to what we have implemented with an accelerated charge happening in the first half and a normal charge in the second half” Sun TV Network Ltd, managing director, R Maheshkumar said.

  • Disney reports 174 million paid subscribers at the end of third quarter 2021

    Disney reports 174 million paid subscribers at the end of third quarter 2021

    Mumbai: The Walt Disney Company reported 174 million paid subscribers across Disney+, Hulu, and ESPN+ at the end of the third quarter 2021. Direct-to-consumer revenues for the quarter increased 57 per cent to $4.3 billion, the entertainment conglomerate said.

    The company noted that the average monthly revenue per paid subscriber for Disney+ decreased from $4.62 to $4.16 due to a higher mix of Disney+ Hotstar subscribers in the current quarter compared to the same quarter last year.

    Disney+ reported a higher operating loss due to programming, production, marketing and technology costs which was offset by the increase in subscription revenue. The higher subscription revenue reflected subscriber growth and increases in retail pricing. The increases in costs and subscribers reflected the ongoing expansion of Disney+ including launches in additional markets.

    The international channel revenues for the quarter increased by 29 per cent to $1.4 billion and operating income decreased 23 per cent to $169 million. The decrease in operating income was due to higher programming and production costs which were offset by advertising revenue growth due to increases in average viewership and rates. The return of live sports events, primarily Indian Premier League cricket matches, drove increases in average viewership, programming, and production costs.

    “We ended the third quarter in a strong position, and are pleased with the company’s trajectory as we grow our businesses amidst the ongoing challenges of the pandemic,” said The Walt Disney Company, chief executive officer, Bob Chapek. “Our direct-to-consumer business is performing very well, with a total of nearly 174 million subscriptions across Disney+, ESPN+ and Hulu at the end of the quarter, and a host of new content coming to the platforms.”

    “Although most film and television production resumed beginning in the fourth quarter of 2020, we continue to see disruption of film and television production,” Chapek added.

  • Quint Digital’s net profit surges to Rs 45 lakh in Q4

    Quint Digital’s net profit surges to Rs 45 lakh in Q4

    NEW DELHI: Quint Digital Media Ltd (QDML)  has reported positive growth during the quarter ended 31 March 2021, posting a net profit of Rs 45 lakh for the period.

    During the previous quarter, the company had reported a net profit of Rs 18 lakh.

    Its revenue for operations for the fourth quarter of FY21 stood at Rs 6.56 crore, up from Rs 6.23 crore in the third quarter.

    QDML had acquired The Quint, Hindi Quint and Fit digital properties on 1 July 2020, and has been operating them for nine months of FY20-21. During the nine-month period ending March 2021, the digital publication posted operating revenue of Rs 18.03 crore, and profit after tax of Rs 1.70 crore.

    Quint's programmatic and partner revenues contributed 25 per cent of the overall revenue during the fourth quarter.

    The company said audience footprint across its websites and various digital platforms, including Facebook, Instagram, YouTube, Twitter, Snapchat, is also strong and diversified.

    Additionally, the digital properties had nearly 14.8 million subscribers/followers across various platforms at the end of the last fiscal.

    "The management is confident that its digital properties have entered a phase of sustained profitable growth," the company said in a statement.

    For the full year, net loss was Rs 1.86 crore in the year ended March 2021 as against net loss of Rs 27.49 crore during the previous fiscal ended March 2020. Sales rose 50.93 per cent to Rs 21.13 crore in the year ended March 2021 as against Rs 14 crore during the previous year.

  • FY-2015: HT Media radio segment reports 37% operating profit growth

    FY-2015: HT Media radio segment reports 37% operating profit growth

    BENGALURU: HT Media’s radio segment reported 37.1 per cent growth in operating profit at Rs 29.21 crore in FY-2015 as compared to the Rs 21.31 crore in FY-2014.The segment reported 78.8 per cent growth in operating result in Q4-2015 (quarter ended 31 March, 2015, current quarter) at Rs 8.56 crore as compared to the Rs 4.81 crore in the corresponding quarter of the previous year (Q4-2014) but was 9.3 per cent lower than the Rs 9.44 crore in the immediate trailing quarter Q3-2015.

     

    Note: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

     

    (2) The figures mentioned in this report are consolidated figures unless stated otherwise.

     

    HT Media has four FM radio stations – Fever 104 in Delhi, Mumbai, Bengaluru and Kolkata. HT Media’s radio segment’s revenue in FY-2015 at Rs 99.38 crore was 6.8 per cent more than the Rs 93.12 crore in FY-2014. The company says that growth was driven by advertising revenues growth of approximately 12 per cent being partially off-set by reduced focus on events and activations.

     

    In Q4-2014, the segment reported 12.8 per cent growth in operating revenue to Rs 25.82 crore as compared to the Rs 22.88 crore in Q4-2014 and was almost flat (up 0.04 per cent) as compared to the Rs 25.81 crore in Q3-2015.

     

    The company reported four per cent growth in Total Income from Operations (TIO) FY-2014 at Rs 2289.71 crore as compared to the Rs 2200.70 crore in FY-2014. TIO in Q4-2015 at Rs 576.92 crore was 6.1 per cent more than the Rs 543.84 crore in Q4-2015 but was 4.7 per cent lower than the Rs 605.50 crore in the previous quarter.

     

    The company reported 13.4 per cent decline in profit after tax (PAT) in FY -2015 at Rs 179.81 crore as compared to the Rs 207.53 crore in FY-2014. PAT in Q4-2015 at Rs 39.28 crore was 12.7 per cent higher than the Rs 34.84 crore in the corresponding quarter of the previous year, but declined 38.6 per cent as compared to the Rs 63.97 crore in Q3-2015.

     

    Advertising, circulation and other revenues

     

    Advertising revenue in FY-2015 at Rs 1851.7 crore improved 5.3 per cent from the Rs 1758.3 crore in FY-2014. Ad revenue in Q4-2015 grew 5.7 per cent to Rs 465.3 crore from Rs 440.1 crore in the year ago quarter, but declined 6.3 per cent from the Rs 496.1 crore in the trailing quarter.

     

    Circulation revenue in FY-2015 improved 10.8 per cent to Rs 284.8 crore from Rs 257 crore in FY-2014. In Q4-2015, circulation revenue improved 8.6 per cent to Rs 71.1 crore from Rs 65.5 crore in Q4-2014, but declined 3.1 per cent from Rs 73.4 crore in Q3-2015.

     

    Other revenues in the current year declined 7.8 per cent to Rs 320.7 crore from Rs 347.7 crore in FY-2014. Other revenues improved 12.5 per cent in the current quarter to Rs 90.3 crore in Q4-2015 from Rs 80.3 crore in Q4-2014 and improved 13.2 per cent from Rs 79.8 crore in Q3-2014

     

    Segment Revenue

     

    Three segments contribute to HT Media’s numbers – (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.

     

    Radio segment’s results have been mentioned above.

     

    Printing & Publishing of Newspapers & Periodicals (Printing)

     

    The segment reported 2.9 per cent growth in revenue FY-2015 at Rs 2088.34 crore in FY-2015 as compared to the Rs 2029.61 crore in FY-2014. Revenue in Q4-2015 at Rs 522.85 crore was 5.5 per cent more than the Rs 495.65 crore in the corresponding year ago quarter, but declined 5.5 per cent as compared to the Rs 553.20 crore in Q3-2015.

     

    Printing segment reported 9.4 per cent decline in operating profit to Rs 280.20 crore in Fy-2015 from Rs 309.41 crore in FY-2014. The segment’s operating profit in Q4-2015 declined 10.1 per cent to Rs 70.12 crore from Rs 78.04 crore in Q4-2014 and declined 10.7 per cent from Rs 78.49 crore in Q3-2015.

     

    Digital segment

     

    HT Media’s digital segment reported 36.3 per cent growth in FY-2015 to Rs 103.90 crore from Rs 76.22 crore in FY-2014.The segment reported 31.1 per cent growth in operating revenue to Rs 28.60 crore from Rs 21,82 crore in Q4-2014 and was 7.3 per cent more than the Rs 26.65 crore in Q3-2015. The segment has been reporting operating loss on a regular basis.

     

    Company speak

     

    HT Media chairperson and editorial director Shobana Bhartia said, “We ended the year on a high note on the back of a growth in ad revenue and higher circulation in Mumbai and the Hindi belt. Hindustan Times’ Mumbai edition and Hindustan’s Uttar Pradesh editions, strengthened their presence in their respective geographies, and were both profitable. Our digital businesses grew handsomely and are at an inflection point. Radio continues to do well and we will invest in its growth. With a strong base, our continuing focus on digital initiatives and stronger tailwinds in the economy, we are confident of delivering value to our shareholders in the year ahead.”

     

    The Board of Directors at its meeting on 15 May, 2015 recommended a dividend of Rs0.40 perequity share of Rs2 each; translating to 20 per cent of face value. Dividend for the year amounted to Rs 9.31 crore (excluding Dividend Distribution Tax).

     

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