New Delhi Television Ltd. on Saturday reported a 34% year-on-year revenue growth during the three months ended December and a 20% increase compared to the preceding quarter. The growth was attributed to higher advertising revenue and successful digital and event-driven initiatives, according to a media statement.
While investments in global expansion and new intellectual properties impacted profits, the company expects these to drive future growth, the Adani Group-owned firm said.
“The third quarter was a pivotal quarter for NDTV as we continued to build our global presence with initiatives like the NDTV World Summit and the launch of NDTV World. While short-term profit was impacted by strategic investments, we are confident these efforts will drive substantial growth in the future,” NDTV's Executive Director and Editor-in-Chief said in a statement.
The third quarter marked the launch of NDTV World, a global news platform targeting the diaspora audience with news, analysis, and international programming from an Indian perspective. Indian Prime Minister Narendra Modi inaugurated NDTV World at the NDTV World Summit. The event featured prominent global figures, including Bhutan's Prime Minister Dasho Tshering Tobgay, former UK Prime Minister Lord David Cameron, investor Mark Mobius, and telecom leader Sunil Bharti Mittal.
NDTV provided extensive coverage of key elections in Maharashtra and the US and hosted events like NDTV Indian of the Year, the Auto Conclave, and the Emerging Business Conclave. The news media organisation also resumed participation in the Broadcast Audience Research Council (BARC) measurement system after a two-and-a-half-year gap, enabling more refined audience insights.
NDTV received 38 awards at the News Television Awards 2024, the highest in the English and Hindi categories, further solidifying its industry position.
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