ICICI Direct: TV Today Network - Faster Revenue Recovery In Q2; Viewership Loss A Concern

ICICI Direct: TV Today Network - Faster Revenue Recovery In Q2; Viewership Loss A Concern

A person use a remote control to change TV channels at a home. (Photographer Matias Delacroix /Bloomberg)

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ICICI Direct Report

TV Today Network Ltd. reported a better-than-expected set of Q2 FY21 numbers led by a faster recovery in revenues in broadcasting and digital segment.

Operating revenue came in at Rs 176.7 crore, down 2% YoY with TV broadcasting revenue at Rs 143.6 crore (approximately 1% YoY growth).

Radio segment disappointed again with a straight seventh quarterly de-growth with revenues declining 65.7% YoY to Rs 1 crore as advertisement spend across sectors remained low.

Click on the attachment to read the full report:

ICICI Direct TV Today Q2FY21 Result Update.pdf
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