TV18 reports strong Q3 growth | Broadcast | News | Rapid TV News
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Indian broadcast network TV18 has reported a 41% leap in operating EBITDA to INR1.15 billion in the third quarter (Q3) of 2019 financial year, up from INR820 million in the same period last year.

TV18 logo 16 Jan 19Operating revenue rose 22% year-on-year, which the company attributed to advertising tailwinds, successful films such as Andhadhun and growing subscription income.

TV18’s standalone operating EBITDA for the TV news business registered 130% increase at INR470 million from INR200 million. While standalone operating revenue increased by 16% at INR 2.9 billion from INR 2.51 billion.

Operating EBITDA from the entertainment business comprising Viacom18 channels, AETN18, and distributor IndiaCast, increased by 11% to INR 680 million compared to INR 610 million. Revenue from the segment grew 23% to INR 11.85 billion from INR 9.6 billion.

Entertainment EBITDA includes an operating loss of INR 310 million due to the launch of new channels Colors Tamil in mid-Q4FY18 and Colors Kannada Cinema, which launched in late-Q2FY19. Adjusting for operating losses of these new initiatives, like-for-like margins for entertainment grew to 8.3% from 6.4% in Q3FY18.

Its entertainment bouquet came in third among national players with 11.2% share of entertainment viewership, the company said.

TV18’s subscription revenue increased 13% to INR 3.28 billion from INR 2.92 billion in the same quarter last year. TV18’s news bouquet of 20 channels also achieved its highest ever audience share at 11.5%.

“TV18 has further solidified its leadership as the top news player in the country, and our fast-growing entertainment portfolio is expanding our offerings as well as its core operating margins. Regional content consumption continues to be a key driver of growth across the board. We intend to continue investing to capture whitespaces and emerge as a leading, pipe-agnostic player in the broadcasting space,” said Adil Zainulbhai, chairman, Network18.