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NDTV’s digital revenues up 13.3% YoY to Rs 34 crores, profitable; TV struggles

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NDTV's digital business reported profits of Rs 7 crores on revenues of Rs 34 crores for the quarter ended 30th September 2017, even as the group continued to make losses. Revenues for the digital business were down quarter-on-quarter (from Rs 38 crores), and 13.3% up from Rs 30 crores last year. For the half year, NDTV Convergence revenues increased by 35%, on a YoY basis, it said. Despite this, profit was flat QoQ, and 40% up compared with Rs 5 crores of profit in the same quarter last year. EBITDA was Rs 12 crores, 20% higher than the Rs 10 crores reported for the same period last year. This is despite the fact that advertising-supported businesses have shown a slowdown in growth, owing to the impact of a botched GST rollout this quarter. Q3 is typically the best quarter, given…

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