UFO Moviez total revenue up 11% at Rs 97 crore, ad revenue subdued in Q2 FY25

Consolidated Revenue grew by 11% in H1FY24

by e4m Staff
Published: Oct 30, 2024 12:19 PM | 2 min read

In-cinema advertising platform UFO Moviez has announced its financial results for the quarter and half year ended September 30, 2024.

The company saw an 11% YoY increase in total revenue, driven by growth in theatrical and exhibitor revenue. However, advertising revenue remained subdued due to the mixed performance of film releases during the quarter.

Its consolidated revenues grew by 11% from Rs 871 million in Q2FY24 to Rs 968 million (RS 97 crore) in Q2FY25. EBITDA for the quarter stood at Rs 102 million (Rs 10.2 crore), compared to Rs 177 million (Rs 18 crore) in Q2FY24. It reported a pre-tax loss of Rs 6 million (Rs 60 lakh) in Q2FY25, compared to the profit of Rs 55 million (Rs 5 crore) in Q2FY24, reported Net loss of Rs 9 million (Rs 9 crore) in Q2FY25, compared to a Net profit of Rs 33 million in Q2FY24.

Half Year September 30, 2024

Its Consolidated Revenues grew by 11% from Rs 1,913 million (Rs 191 crore) versus Rs 1,725 million (Rs 172 crore) in H1FY24. EBITDA stood at Rs 168 million (17 crore) versus Rs 340 million (Rs 34 crore) in H1FY24. It reported loss of Rs 49 million (Rs 5 crore) at the PBT level versus the profit of Rs 90 million (Rs 9 crore) in H1FY24. The company's Reported Net loss of Rs 50 million (Rs 5 crore), compared to the Net profit of Rs 58 million (Rs 6 crore) in H1FY24.

"Q2FY25 highlighted the impact of quality content and underscored the need for consistency in successful releases across languages," said Rajesh Mishra, Executive Director and Group CEO. "While some releases performed well, the underperformance of a few titles, along with a lack of successful Hindi films in September, contributed to muted advertising revenue. However, growth in theatrical and exhibitor revenue supported the overall performance, reaffirming the resilience of in-cinema entertainment. Looking ahead, with a strong lineup of upcoming releases such as Singham Again, Bhool Bhulaiyaa 3, Pushpa 2 etc, we are optimistic about building momentum in the upcoming quarters.”