Additionally, the company's advertisement revenue came in at Rs 337 crore, down 1.5 per cent YoY, impacted by a weak economic environment.
Stock recommendation by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
Expects market slowdown to impact advertisement revenue
The company's total income stood at Rs 1,158.07 crore during the quarter
The monthly subscription revenue from the app is around Rs 5 crore at present, which means a revenue of Rs 60 crore a year
Company targeting 10% market share in Bengali general entertainment channel space with launch of regional channel
Force Motors, Deepak Fertilisers, Sun Pharma and Jamana Auto were among eight stocks from the S&P BSE 500 index hit their respective 52-week lows on the BSE on Friday.
With 8,000 movie titles in its kitty, the company is now looking at improving this business and is expected to finalise plans to put exclusive content in the app
Even as the advertisement revenue during the second quarter of the year affected mainly owing to the some of the one offs, Sun TV Network is expecting its ad revenue to grow in the early teens in the second half of the year. The company has said that it would take a couple of quarters to see more growth for its recently rejigged General Entertainment Channel (GEC) channel Sun Life, which was an effort to fight the decline in market share due to the entrance of new players like Zee and Colors. It is also in the process of beefing up its OTT channel Sun Next with exclusive content and is in talks with some of the major telecos to improve its reach.The estimated ad revenue growth is around eight per cent on a year on year basis for the company, according to analysts, and the growth during the quarter was impacted due to the Kerala floods, which took place close to Onam festival affecting Rs 70 million ad revenue, shift of Dussehra festival to the third quarter, impacting around Rs 70 ...
The stock dipped 6% to Rs 622 on the BSE in early morning trade after the company reported a mixed operating performance in September quarter with a miss on revenue but a beat on margins and profit.
The decision to cap management compensation and incremental subscription growth are other triggers
The stock dipped 6% to Rs 776 on the BSE, after the company reported 63% YoY growth in net profit at Rs 4.09 billion in June quarter driven by strong performance by its IPL franchise.
The launch is also expected to help Sun ring-fence itself from recent launches by rivals such as Zee, Star and Colors
The share of the company's flagship Tamil general entertainment channel continued to slide, from 44% in April to 42.4% in May and, to 40% now
surged 12% to Rs 966 on the BSE in early morning trade after the EBITDA margin improved 530 bps to 72.9% in Q4FY18 from 67.6% in Q4FY17
Sun TV's shift to a commission-based model from private programming should potentially offer about 20% higher Ebitda
Firm expecting 30% increase in revenue earnings from IPL
Sun TV Network, one of the major television broadcasters in the country is shutting down its Kannada news channel Udaya News with plans to convert it into another genre. The company has been operating the channel for past 19 years and is now compelled to close down it as it is not viable, said sources close to the development.According to company officials, the plans are to discotinue Udaya News in next couple of months and use the space for another genre like General Entertainment Channel (GEC). The exact plans on what the new channel could be is not finalised. There were reports that the company has filed a document with the Commissioner of Labour and others in Karnataka, in whichh has mentioned that the news division has been incurring substancial losses over the past couple of years and given the competition the channel is facing, the viewership share of Udaya News is also relatively low. The decision to close down the news division is for business reasons and the company is not ..
The stock moved higher to its record high of Rs 773, up 9.5% on the BSE in intra-day trade
All charges against the company's promoters in the Aircel-Maxis case are being dropped