Key highlights: Network 18 Media Stock price
Network 18 Result focuses on Digital platforms OTT Voot which crossed 1 Million B2C subscribers will launch exclusive programmes like Big Boss and Iconic Football league ‘LaLiga’ will be live-streamed on Voot. While Money control pro being top ranked in India for news subscription services News18.com reached 190Mn unique visitors approximately.
EBITDA was down by 32.35% from last quarter while increased by 587.48% YoY.
Expenditure fell 14% YoY in spite of cost increase in content and distribution due to covid second wave
News genre viewership grew by 28%QoQ due to lockdown and elections
Entertainment viewership grew by 8% QoQ due to Sports and Pay GEC(Hindi and regional) share of TV entertainment grew to ~11%.
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