Media company TV18 Broadcast Limited declares Q3FY22 result: TV18 reported its highest ever EBITDA at Rs. 355cr with margins of ~23%; Not only did News business see a sharp improvement in profitability but Entertainment business also continued to deliver strong margins Strong revenue growth momentum continued during the quarter as the Company reported its highest ever quarterly revenue of Rs. 1,567cr (+15.1% YoY), despite the pandemic induced headwinds faced by the Movie business Colors was the #2 channel in the Hindi genre; Voot continued to see growth in paid subscriber base driven by impact properties Viacom18 added basketball to its sports portfolio by entering into a multi-year partnership with NBA Mr. Adil Zainulbhai, Chairman of TV18, said: “We are building a strong and sustainable media franchise which not only delivers quality content to Indian audience but also value to the shareholders. Over the last few years, we have taken several significant steps which have helped us achieve the turn around on profitability front and it is really encouraging to see a visible shift in the margin profile of our businesses. As content consumption continues to grow across mediums, our aim is to build platforms of choice for consumers looking for news and entertainment content in their local languages, movies and leading sports events.” Result PDF