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TV18 Broadcasting revenues rise 13% to Rs. 596.7 crore

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TV18 Broadcasting revenues rise 13% to Rs. 596.7 crore

TV18 Broadcasting Limited has announced its results for the quarter ended 30th June, 2015. Operating revenues on a consolidated basis stood at Rs.596.7 crore in Q1 FY16, up by 13 per cent YoY, from Rs.527.7 crore in Q1 FY15.

Operating PBDIT for Q1 FY16 stood at Rs.11.8 crore compared to Rs.47.7 crore in Q1 FY15. ETV regional entertainment channels were successfully rebranded as Colors and the cost thereof has been expensed in the current quarter.

Compared to Q1 FY15, the current quarter includes expenses of the recently launched six regional news channels. Q1 FY15 financial performance vis-à-vis Q1 FY16 was significantly influenced by advertisement income on account of the General Elections.

CNBC-TV18 continued to be the No.1 channel in the English business news genre with 56 per cent market share. Programming highlights for the quarter included ‘Engaging the Dragon’ and ‘Asian Tigers’ featuring interviews of the biggest corporate names in China and India.

CNBC Awaaz continued to dominate as the No.1 channel in the Hindi business news genre with 58 per cent market share. CNBC Bajar continued to engage with its audience reaching out to over 6.5 million viewers in this quarter.

CNN-IBN continued to be a dominant player, increasing its market share from 26 per cent in Q1 FY15 to 29 per cent in Q1 FY16. Key initiatives in this quarter included special programming around the Net Neutrality debate and 9th season of Campus Calling. IBN7 continues to engage with its audience reaching out to almost 100 million2 viewers during the quarter.

IBN Lokmat was re-launched with fresh content, revamped style and a new tag line ‘Maharashtracha Mahachannel’ during this quarter. The channel continues to expand its digital footprint with over 1 million Facebook fans, 10,000+ Twitter followers and close to 10 million views on YouTube.

Colors was the No.1 channel in prime time and continued to be No.2 in weekly gross viewership in the genre during the quarter. It had 5 out of the top 10 fiction shows across Hindi general entertainment channels (GECs). ‘India’s Got Talent’ and ‘Comedy Nights with Kapil’ were the No.1 and No.2 non-fiction shows respectively in the Hindi GEC genre. On the digital platform, Colors led the genre with highest fan base on Facebook (9 million) and Twitter (0.6 million followers).

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