NDTV Q3 income up 10 pc at Rs 126 cr

NDTV Q3 income up 10 pc at Rs 126 cr

Author | exchange4media News Service | Saturday, Feb 11,2012 7:42 AM

NDTV Q3 income up 10 pc at Rs 126 cr

NDTV has reported a 10 per cent growth in its Q3 FY12 consolidated income to Rs 126 crore from Rs 115 crore in the same quarter last year.

NDTV News operations (standalone) EBIDTA stood at Rs 8.7 crore. NDTV Group (consolidated) reported EBIDTA of Rs 2.9 crore.

Significant growth in new revenue streams has resulted in lower dependence on FCT ad revenues. Expenses have been retained at similar levels as during the preceding quarter.

NDTV has reported sharp growth in its Internet, lifestyle and consultancy businesses.

Revenue of NDTV Convergence, which operates the Internet and mobile business of the group, grew by 64 per cent over the same quarter last year. During the quarter, the all-new www.ndtvprofit.com site was launched. The Hindi portal was also re-launched, resulting in a significant jump in page views. NDTV video alerts were launched on two of the largest mobile service providers – Airtel and Vodafone.

Meanwhile, international dominance strengthened NDTV, now available on Dish Network (Echostar), USA and Virgin Media, UK. NDTV 24x7 and NDTV Good Times were launched on Dish Network (Echostar), the largest platform for ethnic channels in the US. NDTV 24x7 is the first Indian channel to be available in the Dish Network’s International Base Pack.

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