Television

Network18 topline almost doubles in Q3 2020

Total Comprehensive Income & EBITDA tripled to Rs 135 cr and Rs 268 cr

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2020/01/16/Adil_Zainulbhai.jpg?itok=1xQHOlkq

BENGALURU: Mukesh Ambani’s Network18 Media and Investments Ltd (Network18) consolidated profit after tax (PAT) for the quarter ended 31 December 2019 (Q3 2020, quarter or period under review) was up 92.2 percent at Rs  148.29 crore from Rs 77.16 crore in the corresponding year-ago quarter Q3 2020. The company had reported a consolidated loss after tax of Rs 24.68 in the immediate trailing quarter (Q2 2020).

The company reported consolidated total comprehensive income of Rs  134.74 crore for the quarter under review which was 189.5 percent more than the Rs 46.55 crore in Q3 2019. Network18 had reported a consolidated total comprehensive loss of Rs 18.78 crore in Q2 2020. Consolidated operating EBITDA for the period at Rs 268.25 crore was 204.3 percent more than the Rs 88.14 crore in Q3 2019 and was 247.4 percent more than the Rs 77.21 crore in Q2 2020.

Network18 consolidated revenue from operations in Q3 2020 at Rs 1,473.70 crore was 3.3 percent lower than the Rs 1,524.01 crore in the corresponding year ago quarter and was 25.5 percent more than the Rs 1,58.87 crore in the trailing quarter. Consolidated total income for the period at Rs 1,490.52 crore was 3.1 percent lower than the Rs 1,538.04 crore in Q3 2019 but was 25 percent more than the Rs 1,192.09 crore in Q2 2020.

Let us look at the other numbers reported by Network18 for Q3 2020

Consolidated total expenses in Q3 2020 at Rs 1,304.38 crore was 14.6 percent lower than the Rs 1,525.88 crore in Q3 2019, but was 8.2 percent more than the Rs 1,205.05 crore in Q2 2020. Consolidated operating costs during the quarter under review declined 18.3 percent year-on-year (y-o-y) to Rs 636.56 crore in Q3 2019 from Rs 779 crore and increased 29.7 percent quarter-over-quarter (q-o-q) from Rs 490.67 crore in Q2 2020.

Marketing, distribution and promotional expenses in Q3 2020 declined 4.6 percent y-o-y to Rs 230.12 crore from Rs 241.12 crore and declined 6 percent q-o-q from Rs 244.88 crore in Q2 2020. Employee benefits expense in Q3 2020 at Rs 243.65 crore declined 13.3 percent y-o-y from Rs 280.88 crore and declined 9.2 percent q-o-q from Rs 268.45 crore.

Finance costs in the period under review increased 1 percent y-o-y in Q3 2020 to Rs 56.78 crore from Rs 56.20 crore, but declined 8.1 percent q-o-q from Rs 61.77 crore. Other expenses in Q3 2020 declined 30.5 percent y-o-y to Rs 93.42 crore from Rs 134.36 crore, but increased 1.3 percent q-o-q from Rs 92.20 crore.

Company speak

Network18 chairman Adil Zainulbhai said: “Across broadcasting and digital, our emphasis has been on delivering value to the consumer, expanding the partner ecosystem and raising profitability. We are constantly adjusting our programming and business model for the continual technology, consumer and regulatory changes in the business. We continue to invest in key areas of growth, expand our reach, and explore new avenues of monetization.”

The company says in its investor release that linear TV subscription benefits (B2C) continued to accrue; 40 percent y-o-y revenue growth in Q3 2020. It says that implementation of the NTO (New Tariff Order) has created a transparent and non-discriminatory B2C regime, which continues to boost Network18’s TV subscription revenue. Improved distribution tie-ups across cable and telcos have brought the consumer closer to its content bouquet at an affordable optimum price.

It says further that monetisation of content through digital partnerships (B2B) was driving step-up in profitability: In line with its strategy of being platform agnostic, the Network 18 group stitched multiple partnerships with notable digital platforms for serving their users a discerning selection of its content.

The company says that though advertising recovered around the festive season, but it continued to remain under pressure: The prevalent weakness in macro-environment and sluggish spending appetite by advertisers continued to drag ad-revenue down y-o-y for both News and Entertainment. Shift of channels from DD Freedish to the Pay ecosystem continued to impact Hindi GEC ad-revenues for all the top broadcasters. The company feels that government initiatives to boost growth and a natural refresh-and-recalibration of ad-budgets should revive ad-growth as we head towards the new fiscal.

Network18 claims that its digital-only subscription (B2C) was being incubated as a growth driver for the future. Further, Voot’s freemium version with offerings like digital- exclusive and digital-first broadcast content, as well as original content behind a pay-wall, is slated to be launched soon.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/30/barc.jpg?itok=jysEwKNW
Non-Hindi channels continue to dominate top 10 pay channels across genres

BENGALURU: As the progress in the Sushant Singh Rajput case seemingly tapered off, the news genre lost some of its sheen in terms of weekly impressions in Week 37 of 2020 (Saturday 12 Sep 2020 to Friday 18 Sep 2020, week or period under review). Broadcast Audience Research Council of India (BARC)...

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/30/prive.jpg?itok=7x0M7r7e
Celebrate The Victory of Good Over Evil with A Festive Special ‘Privé Collection’ on &PrivéHD

It’s a collision of darkness and light this festive season as the forces prepare for an ultimate combat! As we approach the festivities, it’s time to gear up for the battle between the good and the evil as &PrivéHD brings a special festive edition of its flagship property Privé Collection. Come...

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/30/zee.jpg?itok=c4TnNbHk
Entertainment finds its new address; Zee Tamil set to launch new reality game show – Zee Super Family

Known for its unique reality show formats, from Mr. & Mrs. Khiladies to Junior Superstars, Zee Tamil has announced the launch of its newest reality show – ‘Zee Super Family’. Featuring Zee Tamil’s fiction stars in a new avatar, the show will serve as a platform for best-in-class entertainment...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/30/swa.jpg?itok=JV8WlumE
SWA Awards 2020: Article 15, Soni & Gully Boy win big

MUMBAI: The first ever SWA Awards 2020, organized by the Screenwriters Association, to felicitate screenwriters and lyricists was held yesterday and was a thundering success. Hosted by actors Varun Badola and Rajeshwari Sachdeva, the event focused mainly on the writers – with the jury members who...

Television Production House Post Production
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/30/bb.jpg?itok=Y0UZKVN4
Endemol Shine gets ready for a different Bigg Boss 14 season

The three most popular features of Bigg Boss are- its host Salman Khan, Bigg Boss’ voice and finally the house. These three actually form the backdrop of every image that a viewer has about Bigg Boss throughout a season’s journey.

Television Production House Fiction
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/29/times.jpg?itok=qmhk59m5
Times Internet's M360 partners with Google to enable effective monetization for digital publishers

M360, Times Internet’s turnkey publishing and monetization platform for publishers, has partnered with Google as a Google Ad Manager partner. M360 will now be able to monetize publisher inventory using the Google Ad Manager platform. Times and Google have a long standing partnership on Google Ad...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/29/dangal.jpg?itok=XeqoCLgb
Enterr10 Television increases its regional footprint with Dangal Kannada

MUMBAI: Strengthening its presence in India, Enterr10 Television Network forays into the south with its latest channel launch Dangal Kannada. Hard on the heels of its launch of Enterr10 Rangeela in the Bhojpuri market, Dangal Kannada underlines the network’s aggressive expansion into the growing...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/29/zee.jpg?itok=5x71F-7j
Zee TV set to launch four TV shows in October

MUMBAI:  With the upcoming festive season around the corner, Zee TV has a bumper entertainment extravaganza coming its viewers' way that is bound to spread cheer and bring families together over sampling a vast array of fresh content in the month of October. The channel finally let the cat out of...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/29/samarth.jpg?itok=tkh1DYs0
Why Zee Bangla’s Samrat Ghosh is looking forward to Durga Puja

MUMBAI: Zee Bangla and Zee Bangla Cinema cluster business head Samrat Ghosh is really looking forward to the next couple of months, like almost everyone in the industry. A large part of 2020 has been a bit of a washout for the channels that he runs, at least in terms of the topline. But with west...

Television TV Channels Regional

Sign up for our Newsletter

subscribe for latest stories

* indicates required