New movie releases, strong subscriber revenues to drive growth Q2 results in line with expectations Sun TV's Q2 FY21 numbers came in line with our expectations as Ad revenues almost doubled sequentially while falling 29% yoy. The sequential growth was on the back of opening of economy, normalcy coming back and advertisers increasing their Ad spend. This was also a slower dip as compared to 66% fall witnessed in Q1. On the other hand, subscription revenues maintained momentum as they grew by 7.5% yoy driven by Cable TV business which went up by 15.4% yoy. IPL recorded small amount of revenues at 450 mn as only 3 matches of Sun Risers Hyderabad...