Network18 Reports 2% Revenue Growth in Q3 FY25 Results

Network18 Media & Investments Limited released its financial results for the quarter ended December 31, 2024.

Q3 FY 2025 Financial Highlights

The News Business recorded an operating revenue of ₹476 crore in Q3 FY25, reflecting a 2% year-on-year (YoY) growth compared to ₹469 crore in Q3 FY24. For the nine months ended December 31, 2024 (9M FY25), operating revenue stood at ₹1,374 crore, marking a 7% YoY increase from ₹1,283 crore in 9M FY24.

During Q3 FY25, operating expenses grew by 4% YoY, leading to lower EBITDA for the quarter. However, for 9M FY25, EBITDA improved significantly, driven by a 7% revenue growth compared to a 4% rise in costs.

Business Developments

Moneycontrol Pro achieved a significant milestone, surpassing 1 million paid subscribers, further cementing its status as India’s leading subscription-based financial intelligence platform. Additionally, Moneycontrol’s fintech business scaled up rapidly as a lending service provider.

The company’s TV News network share improved by 110 basis points (bps) quarter-on-quarter (QoQ), maintaining its leadership in key markets. Notably, News18 Lokmat emerged as the #1 Marathi news channel, a remarkable turnaround over the past year.

Viacom18 completed its merger with Star India on November 14, 2024, creating one of India’s largest broadcasting and digital streaming companies. Network18 holds a 6.3% effective economic interest in the joint venture through its stake in Viacom18.

Commenting on the performance, the Chairman of Network18, Mr Adil Zainulbhai, said, “The restructuring of the business is now complete, simplifying the corporate structure for all our stakeholders. We are pleased with the progress made on the operating front, especially the manner in which our television network is growing. Having established leadership positions in national markets, we are now focused on select regional markets for driving the next phase of growth. Our Digital business is also gaining momentum, and we are harnessing the combined strength of our platforms to deliver a superlative and seamless experience to our consumers.”

On January 15, 2025, Network18 Media & Investments share price (NSE: NETWORK18) opened at ₹61.31, touching the day’s low at ₹60.60, as of 9:40 AM on the NSE.

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