Broadcasting & Cable TV company TV18 Broadcast announced Q2FY24 & H1FY24 results:<br><br>Financial Performance:<br>- TV18 Broadcast reported consolidated operating revenue of Rs 1,794 crore for the quarter, a YoY growth of 22%.<br>- The operating EBITDA margin for the quarter was -11.0%.<br>- The company's consolidated revenue for H1FY24 was Rs 4,970 crore, representing a YoY growth of 81%.<br>- The operating EBITDA margin for H1FY24 was -5.1%.<br><br>Viacom18's Sports Rights Acquisition:<br>- Viacom18 acquired the exclusive media rights for the BCCI International and Domestic matches for the next 5 years, making it the home of India cricket.<br>- The acquisition includes international men's, women's, and domestic first-class competitions like Ranji Trophy.<br><br>JioCinema's Performance:<br>- JioCinema, India's leading OTT platform, delivered record viewership for marquee entertainment shows, including the second season of Bigg Boss OTT, which became the biggest-ever reality show on digital.<br>- JioCinema consolidated its position as the #1 broadcaster-OTT app in the country and reached an average of ~210 million monthly active users.<br>- The platform also streamed Indian Super League (ISL) matches after acquiring the media rights for 2 years.<br><br>TV18 News Network Dominance:<br>- TV18 News Network maintained its leadership position in key markets, with CNBC TV18, News18 India, and CNN News18 being the #1 channels in their respective genres.<br>- The network had a viewership share of 11.4% in all Indian markets and maintained absolute leadership in the largest markets.<br>- News18 Lokmat, the Marathi language channel, climbed viewership charts to become the second-ranked channel with programming initiatives.<br><br>Viacom18 Studios Success:<br>- Viacom18 Studios delivered two blockbuster movies - Rocky Rani Ki Prem Kahani and OMG 2.<br>- The movies were commercially successful as well as critically acclaimed.<br><br>Adil Zainulbhai, Chairman of TV18, said, “We continue to take giant steps towards building the network of choice for Indian consumers. With India cricket rights, Viacom18 now has the biggest portfolio of sports properties, making it the default choice for sports fans. Our news network has fortified its positions across the markets which bodes well as we head into the festive season followed by elections. Our focus continues to be on providing quality content to the audience and as India’s only network with presence across news, entertainment, and sports, we are in a unique position to serve customers across the country and demographic cohorts.”<br><br><br><br><br><br>Result PDF