TV Today Network Q4 Review - No Major Election Benefit Seen In Performance: ICICI Direct

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TV Today Network Q4 Review - No Major Election Benefit Seen In Performance: 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

TV Today Network Ltd. reported a muted set of numbers for Q4 FY21 numbers operating revenue came in at Rs 214.3 crore, up 2.9% YoY with TV broadcasting revenue at Rs 176.5 crore (4.4% YoY growth), lower than our expectation of 10% YoY growth.

Radio segment disappointed again with a straight ninth quarterly de-growth with revenues down 33.5% YoY to Rs 2.4 crore on further erosion in advertising pricing.

Digital revenue recovered, reporting healthy growth of 19.3% YoY and came in at Rs 35.4 crore.

Ebitda was at Rs 49.7 crore, up 6% YoY. Ebitda margin came in at 23.2%, up 74 basis points YoY.

Click on the attachment to read the full report:

ICICI Direct TV Today Q4FY21 Result Update.pdf

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