India · Delayed Price · Currency is INR Entertainment Network (India) Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 saw a slight revenue decline due to event cancellations and macro headwinds, but EBITDA rose 42% on cost controls. Digital revenue surged 43%, with Gaana showing strong growth and reduced losses. The company maintains a robust cash position and expects event business to rebound in H2.
Fiscal Year 2026
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FY 2026 saw 3.9% revenue growth, led by an 84% surge in digital business, now 48% of radio revenues. Despite macro and geopolitical headwinds, leadership in radio was maintained, and digital subscriber growth is expected to continue at 15% CAGR, with breakeven targeted in FY 2027.
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Domestic revenue grew 4% year-over-year to INR 160 crores, led by strong digital and non-FCT performance. Digital revenues now comprise nearly half of radio revenues, with Gaana showing rapid user and pricing adoption. Management remains focused on profitability and international expansion.
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Revenue grew 23.7% year-over-year, led by digital and events, while radio faced muted ad sales but maintained a 25% market share. Digital now contributes 33% of traditional business, with Gaana nearing break-even and strong event business tailwinds expected.
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Revenue grew 3.2% year-on-year to INR 113 crores, led by strong Digital and non-FCT segments, while Gaana revenue surged 87.6%. Radio advertising declined due to a high prior-year base, but events and digital are expected to drive future growth.
Fiscal Year 2025
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Domestic revenue grew 9.4% year-over-year to INR 526 crore, with digital and non-FCT segments driving growth. Gaana revenue surged to INR 46.2 crore for the year, and digital now forms 26% of total revenue. PAT rose 21% in Q4, and the board recommended a higher dividend.
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Q3 FY25 saw 9.7% revenue growth year-on-year, led by digital and event segments, while radio volumes and yields remained under pressure. Gaana's revenue surged 151% and is on track to break even in 4-5 quarters. Cash reserves remain strong at INR 344 crores.
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Q2 FY25 saw 9.4% revenue growth year-over-year, led by digital and non-FCP segments, with digital revenue now 21.4% of radio revenues. Gaana's price hike doubled subscription rates with minimal attrition, and break-even is expected in 5–6 quarters. Cash reserves remain strong at INR 391 crores.
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Revenue grew 19.3% YoY to INR 109.4 crores, led by strong digital and radio performance. Digital revenue now forms nearly 25% of radio revenues, with INR 15 crores invested in Gaana. EBITDA margins were 21.8%, and cash balance stood at INR 355 crores.