ICICI Direct: TV Today Network - Faster Revenue Recovery In Q2; Viewership Loss A Concern
A person use a remote control to change TV channels at a home. (Photographer Matias Delacroix /Bloomberg)

ICICI Direct: TV Today Network - Faster Revenue Recovery In Q2; Viewership Loss A Concern

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

TV Today Network Ltd. reported a better-than-expected set of Q2 FY21 numbers led by a faster recovery in revenues in broadcasting and digital segment.

Operating revenue came in at Rs 176.7 crore, down 2% YoY with TV broadcasting revenue at Rs 143.6 crore (approximately 1% YoY growth).

Radio segment disappointed again with a straight seventh quarterly de-growth with revenues declining 65.7% YoY to Rs 1 crore as advertisement spend across sectors remained low.

Click on the attachment to read the full report:

ICICI Direct TV Today Q2FY21 Result Update.pdf

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