Network18 Media & Investments Limited has released its unaudited financial results for Q2 and H1 FY25, revealing a revenue of ₹1,825 crore for the quarter ending September 30. This represents a slight decrease from ₹1,865 crore in the same quarter last year but marks an improvement from the previous quarter's ₹3,141 crore.
Key Highlights:
Net Loss: The company reported a net loss of ₹152 crore for Q2 FY25, narrowing from ₹195 crore in the previous quarter and a loss of ₹119 crore in the same period last year.
Consolidated Revenue for H1 FY25: Total revenue reached ₹4,966 crore.
Comprehensive Loss: The comprehensive loss for Q2 FY25 was ₹85.9 crore.
Expenses: Total expenses rose by 1.64% to ₹2,243 crore, attributed to investments in sports and digital assets.
Connect with us on WhatsApp
The revenue growth was driven by a 6% increase in the News business, while the entertainment segment saw a decline of 5.4% due to the absence of big-ticket movie releases.
Notably, JioCinema reported significant growth, surpassing 16 million paid subscribers. Network18's recent merger with TV18 Broadcast and e-Eighteen.Com aims to create a stronger media presence.
Despite the challenges, Network18 remains committed to its strategy and is focused on enhancing its digital and sports investments to drive future growth.
