Network18's Revenues More Than Double, HomeShop18 & Studio18 Launched with Strong Revenue Momentum

Network18 - The Holding Company of TV18 and Global Broadcast News

Network18's Revenues More Than Double (YoY)

Group Revenues at Rs 1.22 bn for Q4

HomeShop18 & Studio18 Launched with Strong Revenue Momentum

Operating Profit Rs 375 mn, Operating Margin 30.71%

Net Profit Rs 284.10 mn

Highlights:

NOTE: TV18 (including Web18) and GBN results published separately

• TV18’s Channel and Web Operations continue to show strong growth; CNBC-TV18 and CNBC-Awaaz together dominate the Business News genre with over 73% market share.
• GBN records profits in just the 5th quarter since launch of CNN-IBN; CNN-IBN continues as the undisputed leader in the English General News genre.
• IBN7 breaks into the top three Hindi General News channels.
• Web18 Posts over 75% revenue growth; Moneycontrol.com dominates the financial Information on web. Ibnlive.com maintains its leadership position in the general news space.
• Newswire18 launched as the first Indian news and data terminal product for institutional players.
• Homeshop18 launched as a virtual channel to promising response
• Studio18 operations released its first motion picture "1971". Receives applaud from film critics.
• Studio18 distributed two films in national and international markets through its in-house resources.

Following the meeting of the Sub-Committee of the Board of Directors, Raghav Bahl, Network18’s Managing Director said: "We are thrilled to share this quarter’s performance at the Group’s Holding Company. As a Group, we continue our thrust into areas beyond the news business and are seeing good traction in our Internet, Home Shopping and Filmed entertainment businesses. Our News Network continues to maintain its dominant position as India’s largest and show strong revenue growth".

Source : Equity Bulls

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