Network18’s TV news business reported significant growth in its quarterly report for April-June.
The largest TV news network in India reported a 14% year-on-year increase in revenue to Rs 385 crore during the quarter under review from Rs 337 crore reported in the same quarter of the previous fiscal year. The company delivered industry-leading revenue growth during the general elections on the back of strong market positions across genres.
During the quarter, the TV News portfolio saw a significant 30% growth in advertising, capitalising on its strong market leadership and election-related advertising opportunities.
The network’s revenue increased by 14%, while costs remained stable, resulting in a notable EBITDA of RS 40 crore for Q1FY25, a 46% year-on-year increase.
The news network’s viewership share across India rose to 11.3%, a 40 bps increase quarter-on-quarter, largely due to its comprehensive coverage of the general elections.
News18 emerged as the network of choice nationwide, with its reach on the counting day surpassing that of the IPL finale by 50%.
It maintained dominance in key markets: CNBC-TV18 led business channels with a 66.2% viewership share, CNN-News18 topped the English news segment at 35.8%, and News18 India held a 13.5% share.
Additionally, it excelled in regional coverage, leading in three markets and being a strong contender in others. The network reaches 200 million people weekly, making it the highest-reach TV news network in India.
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