TV Today Network Q3 Review - Barc Rating Resumption Key To Gauge Viewership: ICICI Direct

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.’s performance was a mixed bag. The topline came in at Rs 258 crore, up 15.4% YoY. TV broadcasting revenues came in Rs 197.8 crore (up ~6% YoY). We note that its growth was lower than its key peers - TV18 Broadcast Ltd.’s news business, Zee Media, which reported ~13%, 32% YoY growth, respectively. The digital segment continued to be a key growth driver with 53% growth YoY to Rs 54.4 crore. Radio revenues were at Rs 5.8 crore, up 174% YoY on a washout base. Reported Ebitda came in at Rs 85.7 crore, up 10.6% YoY while Ebitda margins came in at 33.2% (down 144 basis points YoY).TV Today Network's profit after tax grew 12.2% YoY to Rs 61.5 crore..Click on the attachment to read the full report:.DISCLAIMERThis 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.

TV Today Network Q3 Review - Barc Rating Resumption Key To Gauge Viewership: ICICI Direct

TV Today Network Q3 Review - Barc Rating Resumption Key To Gauge Viewership: ICICI Direct

Choose a plan