Network18 Media & Investments declined 2.01% to Rs 79.80 after the company’s consolidated net loss widened to Rs 95.84 crore in Q2 FY25 as compared to net loss of Rs 83.08 crore recorded in Q2 FY24.  

Revenue from operations declined 2.16% to Rs 1,825.18 crore in Q2 FY25 as against Rs 1,865.50 crore posted in Q2 FY24. 
Network18 Media & Investments reported a pre-tax loss of Rs 147.81 crore in Q2 FY25 as against pre-tax loss of Rs 117.71 crore reported in the same period a year ago. 

Total expenses stood at Rs 2,243.13 in the September quarter, up 1.64% YoY. Marketing, distribution and promotional expense stood at Rs 502.19 crore (up 34.89% YoY) while finance cost surged 156.96% to Rs 170.01 crore during the period under review. 

The company reported negative EBITDA of Rs 179 crore in Q2 FY25 as compared with negative EBITDA of Rs 218 crore recorded in Q2 FY24. 

The News portfolio revenue grew 6% primarily driven by growth in Digital segment ad revenue across all paltforms. TV advertising was soft during the quarter as industry advertising volumes for the news genre declined by around 20% YoY. News’ share in overall advertising inventory consumption also declined by over 200 bps YoY and QoQ. 

Network18’s digital portfolio continued to be ranked second with around 240 million monthly unique visitors 

The News18.com delivered a strong increase in engagement with a 40% YoY growth in (page views) PVs during the quarter. The platform continued to expand its reach with editorial and product initiatives, which also resulted in a 16% YoY increase in UVs. 

In entertainment segment, operating revenue for the quarter was down 5%, primarily due to the drop in movie segment revenue. In Q2FY24, Viacom18 Studios had released 2 big-ticket movies whereas there were no movies released this quarter, which had an impact of Rs 330 crore on the revenue. This was largely offset by growth in subscription revenue aided by new pricing as well as the increased monetisation of sports portfolio.