SUN TV NETWORK - Recovery in Ad revenues, new movie releases remain key to performance in ensuing quarters
Recovery in Ad revenues, new movie releases remain key to performance in ensuing quarters Sun TV's Q1 FY22 numbers came slightly below our expectations as Ad revenues declined by 22.5% qoq, while growing 93.7% yoy on an extremely low base of last year same quarter. The sequential fall was on the back of re-emergence of Covid Wave#2 in the quarter as advertisers reduced their ad spends. Even due to absence of any movie releases, the advertising revenues...