Q2 FY25: HT Media's revenue jumps 12% to Rs 480 crore

HT Media has reported a total income of Rs 479.28 crore in Q2FY25. This is a 12.2% QoQ increase and a 12.4% YoY increase.

The ad revenue for the print segment in Q2FY25 is Rs 252 crore, which is 3% higher in YoY terms and 15% higher in QoQ terms. The company said, “Advertising revenue improved y-o-y, basis commercial revenue and q-o-q, basis better volume in Govt. segment. Growth on a y-o-y basis seen across key commercial categories except BFSI, Industrial and Tourism.”

The circulation revenue of the company decreased 10% YoY, standing at Rs 55 crore compared to Rs 61 crore in the same quarter last year.  

For English publication, the ad revenue rose by 22% (QoQ) and 8%(YoY). The circulation dropped 4% YoY and grew 10% QoQ.

Hindi publication’s ad revenue decreased by 2% YoY and increased by 8% QoQ. The company said, “Marginal decline in advertising revenue on a y-o-y basis, however, sequential improvement due to better yield and volume traction.”

Subsequently, the circulation revenue declined by 12% QoQ and 4% YoY. 

During H1, the publication’s total income summed up to be Rs 906.28 crore. This count was Rs 872.15 crore during H1 of FY 2023-24.

The revenue from operations was Rs 423.75 crore for Q2 FY25, which was Rs 393.99 crore during last year’s similar period. 

Segment wise, the revenue of printing and publishing of newspapers and periodical turned out to be Rs 334 crore, which was 3.11% higher at Rs 324.11 crore during last year’s Q2.

The radio broadcast and entertainment’s revenue was Rs 350.6 crore for the period whereas the digital revenue was Rs 555.1 crore. 

Sobhana Bhartia, chairperson and editorial director of the HT Media, said in the investor presentation, “The second quarter of the current fiscal saw an improvement in the overall performance of your Company. Our revenue grew and operating profitability increased. This performance can be attributed to our focused efforts on pricing, cost management and efficiency as well as a conducive business environment. The Print business posted better numbers on the back of pricing led advertising growth, which, coupled with our emphasis on operational efficiency resulted in enhanced profitability. While the Radio business was flat, the Digital business saw considerable upside in revenue on a y-o-y as well as q-o-q basis largely driven by growth of the OTTplay business in which we continue to invest. In the run-up to the festive season during the ongoing quarter, the Company aims to boost growth on the back of a pick-up in both retail and commercial market activity. Across businesses, we remain committed to enhancing the audience experience, bringing innovative solutions to advertisers and engaging content to customers.”