Media Q3 Results Preview - Subdued Quarter Compared To Q2: ICICI Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We believe that signs of recovery in ad revenue segment will likely be visible in Q3 FY24E. We think listed companies (general entertainment channel) should report sequential increase in ad revenue despite higher market share taken by sports channels in the quarter. We estimate ad revenues of Zee Entertainment Enterprises Ltd., Sun TV Ltd. and PVR Inox Ltd. to grow 3%, 6% and 19% sequentially. We believe subscription revenue growth trend is likely to continue. However, in the broader media space, news flow around consolidation will be key to driving stock performance. We believe that despite an underwhelming performance of the content pipe-line, PVR Inox will be able to better manage the fluctuations in the profitability given structural improvement in business model post-merger. We believe this playing out could be a key argument for the PVR Inox to re-rate..Click on the attachment to read the full report:.Media, Entertainment Q3 Results Preview - A Quarter Of Mixed Bag: Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Media Q3 Results Preview - Subdued Quarter Compared To Q2: ICICI Securities

We estimate ad revenues of ZEE Entertainment, Sun TV and PVR Inox to grow 3%, 6% and 19% sequentially.

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