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Network18 reports 28% decline in revenues from “Digital, Print & Others”; VOOT, HS18, BookMyShow

Network18 reported total consolidated operating revenues of Rs 1237 crores for the quarter ending September 2018 (Q2FY19), 9% higher than the Rs 1138 crores last year, and an improvement over Rs 1094 crores in the preceding quarter. The company said in a statement that revenues excluding movies grew 14% year on year. The company has posted a loss of Rs 67.87 crores, substantially lower than the Rs 113 crores last quarter. It reported a consolidated EBITDA of Rs 92 crores. - Advertising revenues for TV18 were up 18% year on year, with regional channels driving viewership and ad revenues. - Subscription revenues were up 16% year on year. Network18 said that revenues for its "NW18 Digital, Print & Others" declined 28% year on year to Rs 39 crores, down from Rs 54 crores for the same period last year. It added however that digital revenues from prime properties MoneyControl, News18 & Firstpost grew 12% YoY to Rs 35 Crores. "The overall Network18 Digital, Print & Others revenue declined due to lower programming executed by 100%-owned content producer Colosceum." It had said this last quarter as well. Note that Network18 financials are being restated because of changes in the company's structure: Viacom18 & Indiacast became subsidiaries of TV18 from 28th February 2018 and are consolidated into TV18/Network18 financials from 1stMarch 2018. Impairment loss in HomeShop18 HomeShop18 has ceased to be a subsidiary of Network18 from 15th February 2018 as a result of its acquisition of ShopCJ through a share-swap. Network18 said…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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