Broadcasting & Cable TV company Network18 Media & Investments announced Q2FY25 results: Financial Highlights: Total Consolidated Revenues: Rs 1,825 crore, down 2.2% YoY (from Rs 1,866 crore). Operating EBITDA: -Rs 179 crore, improved from -Rs 218 crore YoY. Operating Revenues by segment: News (TV, Digital, Print): Rs 445 crore, up 5.9% YoY (from Rs 420 crore). Entertainment (Viacom18): Rs 1,339 crore, down 5.4% YoY (from Rs 1,416 crore). Others (AETN18, Indiacast, Inter-Company Elims): Rs 40 crore, up 38.4% YoY (from Rs 29 crore). Subscription Revenue: Rs 733 crore, up 43.6% YoY (from Rs 511 crore). Film Production/Distribution: Rs 44 crore, down 88.2% YoY (from Rs 374 crore). Operating EBITDA by Segment: News (TV, Digital, Print): Rs 7 crore, improved from -Rs 10 crore YoY. Entertainment (Viacom18): -Rs 194 crore, slightly better than -Rs 215 crore YoY. Others (AETN18, Indiacast, Inter-Company Elims): Rs 8 crore, up from Rs 6 crore YoY. Other Highlights: Network18’s digital portfolio continued to be ranked second with ~240 million monthly unique visitors. Network18 has consistently closed the reach gap with the leader over the last few quarters to just ~10%, compared to 50%+ in Mar’23. Moneycontrol had 60%+ higher page views (PVs) and time-spent compared to the nearest competitor, establishing its dominance as the #1 player in terms of engagement. The platform saw a 50%+ YoY increase in Unique Visitors (UVs) and 30%+ growth in PVs. News18.com delivered a strong increase in engagement with a 40% YoY growth in PVs during the quarter. Firstpost continued to be India’s leading platform for coverage of international events with an Indian perspective. The platform continued to build on its success on YouTube, delivering more than 40% YoY growth in watch-time. Network18’s portfolio of 20 channels (including News18 Lokmat) continued to be the highest reach TV news network in the country with a weekly reach of 200+ million people across the country. JioCinema continued to be the fastest growing subscription-based OTT platform, crossing 16 million paid subscribers with a 2x QoQ growth. Sports – Viacom18’s coverage of Paris Olympics 2024 delivered the highest ever viewership of the event with 170+ million viewers and 15 billion minutes of watch-time across JioCinema and Sports 18. Commenting on the results, Adil Zainulbhai, Chairman of Network18, said: “We are happy to have completed the merger of our news businesses. With a strong portfolio of TV channels and digital platforms, covering the breadth of the country and catering to its linguistic diversity, we are ideally positioned to become the most preferred news network of India. We are committed to push boundaries of innovation and lead the growth of the industry as we build on this strong foundation.” Result PDF