Media Sector Q3 Earnings Preview: Recovery To Be Seen, Says ICICI Direct
A man holds a television remote control. (Photographer: Chris Ratcliffe/Bloomberg)

Media Sector Q3 Earnings Preview: Recovery To Be Seen, Says ICICI Direct

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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

The media sector, as a whole, saw more positives compared to H1 FY21 during the festive quarter.

Broadcasters, in a relatively better position compared to peers, are expected to maintain subscription growth while advertisement volumes are also in a recovery mode. However, ad realisations continued to be a concern.

While reopening of cinemas was permitted from October 15 onwards, lack of new and big budget movies coupled with prevailing Covid-19 situation garnered a lukewarm response from the audience.

Click on the attachment to read the full report:

ICICI Direct Media Q3FY21 Result Preview.pdf

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