Broadcasting & Cable TV company TV18 Broadcast announced Q1FY24 results: Viacom18 sets a new benchmark in digital streaming – IPL total reach ~450 million, final match reach - 120 million, peak concurrency - 32 million, average per user watch-time - 60 mins JioCinema’s IPL advertising revenue is higher than TV as the platform takes digital reach and engagement to unprecedented levels TV News network delivered strong growth in revenue driven by leadership in key markets; continues to be #1 in the Hindi, English and Business news genres Consolidated revenue for the quarter grew 151% YoY to Rs 3,176 crore, driven by the performance of IPL on JioCinema; Advertising environment continues to be soft with improvement in some pockets Adil Zainulbhai, Chairman of TV18, said: “The year has started on a blockbuster note with our digital initiatives delivering phenomenal results. The transformation to a digital-first approach has become a reality and we will continue to lead this effort at scale while leveraging the strengths of our traditional business. We have made some key leadership hirings recently which will help the Group push through to the next phase of growth. With talent, resources, and technological capabilities at our disposal, we look forward to driving long-term growth across all our businesses.” Result PDF