The corporate’s income from operations in Q3FY25 dropped 23% year-on-year (YoY), falling to Rs 1,361 crore from Rs 1,774 crore within the corresponding quarter of the earlier monetary yr.
Each internet losses and income confirmed deterioration on a sequential foundation. In Q2FY25, internet losses had been Rs 96 crore, whereas income stood at Rs 1,825 crore.
The corporate attributed the losses to its house owners on each a quarter-on-quarter (QoQ) and YoY foundation.
Network18’s Chairman, Adil Zainulbhai, commented on the outcomes, highlighting that the enterprise restructuring had been accomplished, simplifying the company construction for stakeholders. He expressed satisfaction with the expansion of their tv community and digital enterprise, emphasizing efforts to strengthen management positions in regional markets and improve the patron expertise.
Viacom18’s merger with Star India turned efficient on November 14, 2024, resulting in the formation of a three way partnership (JV). The corporate now claims to be certainly one of India’s largest broadcasting and streaming entities. Reliance Industries (RIL) invested Rs 11,500 crore into the JV, with Viacom18 holding a 46.82% stake, RIL proudly owning 16.34%, and Disney holding 36.84%.On December 30, 2024, Viacom18 ceased to be a subsidiary of Network18 after RIL transformed its Obligatory Convertible Choice Shares (CCPS) into fairness. Following this, Network18 holds 16.12% of Viacom18’s fairness share capital, or 13.54% on a completely diluted foundation.Network18 Media & Investments owns a portfolio of 20 information channels in 16 languages, together with CNBC TV18, CNN-News18, and 4 on-line platforms reminiscent of Moneycontrol and Firstpost.
On Tuesday, shares of the media firm rose 2.69% to settle at Rs 61. The inventory has fallen practically 50% within the final one yr, in the meantime, they’ve provided 125% returns prior to now 5 years.
The corporate’s income from operations in Q3FY25 dropped 23% year-on-year (YoY), falling to Rs 1,361 crore from Rs 1,774 crore within the corresponding quarter of the earlier monetary yr.
Each internet losses and income confirmed deterioration on a sequential foundation. In Q2FY25, internet losses had been Rs 96 crore, whereas income stood at Rs 1,825 crore.
The corporate attributed the losses to its house owners on each a quarter-on-quarter (QoQ) and YoY foundation.
Network18’s Chairman, Adil Zainulbhai, commented on the outcomes, highlighting that the enterprise restructuring had been accomplished, simplifying the company construction for stakeholders. He expressed satisfaction with the expansion of their tv community and digital enterprise, emphasizing efforts to strengthen management positions in regional markets and improve the patron expertise.
Viacom18’s merger with Star India turned efficient on November 14, 2024, resulting in the formation of a three way partnership (JV). The corporate now claims to be certainly one of India’s largest broadcasting and streaming entities. Reliance Industries (RIL) invested Rs 11,500 crore into the JV, with Viacom18 holding a 46.82% stake, RIL proudly owning 16.34%, and Disney holding 36.84%.On December 30, 2024, Viacom18 ceased to be a subsidiary of Network18 after RIL transformed its Obligatory Convertible Choice Shares (CCPS) into fairness. Following this, Network18 holds 16.12% of Viacom18’s fairness share capital, or 13.54% on a completely diluted foundation.Network18 Media & Investments owns a portfolio of 20 information channels in 16 languages, together with CNBC TV18, CNN-News18, and 4 on-line platforms reminiscent of Moneycontrol and Firstpost.
On Tuesday, shares of the media firm rose 2.69% to settle at Rs 61. The inventory has fallen practically 50% within the final one yr, in the meantime, they’ve provided 125% returns prior to now 5 years.
