Media Results Preview - Second Wave To Impact Q1 Performance: ICICI Direct

A woman uses a remote control. (Photographer: Chris Ratcliffe/Bloomberg)

Media Results Preview - Second Wave To Impact Q1 Performance: ICICI Direct

Bookmark

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

The media sector, like most other sectors, faced the wrath of the Covid-19 second wave.

While broadcasters, on a depressed base, are likely to witness sharp ad growth on a YoY basis, sequentially, we expect the lockdown-led disruption and weak ad environment to result in a decline in ad revenues QoQ.

Multiplexes were the most impacted segment as the second wave led to virtual closure of theatres for the most part in Q1.

Click on the attachment to read the full report:

ICICI Direct Media Q1FY22 Results Preview.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.