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883 million OTT streams, YouTube views up 60% at Saregama: Q1FY20

The bottomline: The Carvaan products are currently the Saregama's primary focus, at least in the music segment, which accounted for 90% of the company's FY19 revenue. Consolidated revenues are down, but operational revenues have slightly improved. Profits are dramatically down. The money: Music label, film company, and hardware seller (since a year) Saregama’s consolidated total income for Q1FY20 stood at Rs 128 crore, a reduction of 19.3% YoY from Rs 158.6 crore (in Q1FY19). Consolidated results include Saregema's 5 subsidiaries: Saregama Plc, RPG Global Music, Saregama FZE, Kolkata Metro Networks, and Open Media Network. Revenue from operations stood at Rs 125.9 crore, up by 7.9% YoY from Rs 116.6 crore. Moves into loss: The company recorded a consolidated loss of Rs 1.24 crore, a drastic decline in performance from consolidated profits of Rs 8.63 crore in the corresponding quarter last year (Q1FY19), and from Rs 16.5 crore last quarter. Profits for FY19 were Rs 54.3 crore. Saregama's music division: Revenues stood at Rs 110.1 crore, up by 6.3% YoY from Rs 103.5 crore. Profits fell dramatically to Rs 13 crore, a reduction of 53% YoY and 47% QoQ. Revenue in this segment comes via B2B partners like music streaming services, radio, TV, caller ring tone, YouTube, ads, films, and of course the Carvaan products. Streaming & YouTube from music: OTT streams stood at 1.35 billion, up from just 883 million streams in Q1FY19, and slightly down from the 1.4 billion streams in Q4FY19. Streams had crossed the million mark in…

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