Q3 2025 Entertainment Network (India) Ltd Earnings Call Transcript
Key Points
- Entertainment Network (India) Ltd (BOM:532700) reported a 9.7% year-on-year growth in domestic revenue, reaching INR154 crore, driven by digital and non-FCT segments.
- The digital business saw exceptional growth, with revenue increasing by 151% year-on-year to INR15.4 crore, largely due to the strong performance of Gaana.
- The non-FCT segment grew by 21% year-on-year to INR50 crore, supported by successful on-ground events and popular talk shows.
- The company maintained a stable pricing strategy in the radio segment, holding a 27% market share despite challenges.
- The balance sheet remains strong with a cash balance of INR344 crore as of December 31, 2024, providing financial stability and flexibility.
- The radio business faced challenges due to a shorter festive season and a slowdown in media markets, impacting overall volumes.
- Production expenses increased by 39% year-on-year, attributed to the growth in the non-FCT segment and event business.
- The company's EBITDA margins were affected by a product mix change, with more events and less radio, which is traditionally more profitable.
- Gaana's cash burn was INR10 crore for the quarter, although it was 25% less than in quarter one, indicating ongoing investment needs.
- Radio yields are still 20% to 25% below pre-COVID levels, reflecting ongoing challenges in the ad sales market.
Ladies and gentlemen, good day, and welcome to Entertainment Network (India) Limited Q3 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Runjhun Jain from EY. Thank you, and over to you.
Thank you, Yashashree. Good afternoon, everyone, and welcome to the Q3 and nine months FY25 earnings call of Entertainment Network (India) Limited. To take you through the results and answer your questions today, we have the management team from the company represented by Mr. Yatish Mehrishi, Chief Executive Officer; and Mr. Sanjay Ballabh, Chief Financial Officer.
Please note the financial results and the presentations have been uploaded on the company's website and on the exchanges. Should you need any further information, you can talk to us. Before we begin, I would like to remind you that today's discussion might include forward-looking statements based on the current expectations and assumptions. These statements
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