Sun TV Network’s Q1FY25 ad revenues see a drop to Rs 323.77 crore

Sun TV Network, one of the largest television broadcasters in India, has reported revenues (including IPL) for the first quarter ended June 30, 2024 at Rs 1,276.11 crore, as against Rs 1,317.78 crore for the corresponding quarter ended June 30, 2023.

The advertisement revenues for the quarter stood at Rs 323.77 crore, as against Rs 339.10 crore for Q1 FY2024.

The domestic subscription for the quarter was at Rs 425.79 crore, a decline compared to Rs 435.34 crore for the corresponding quarter in FY2024.

The EBITDA for the quarter ended June 30, 2024 was at Rs 706.36 crore as against Rs 786.46 crore for the corresponding quarter ended June 30, 2023.

The Profit after taxes for the current quarter stood at Rs 546.94 crore, as against Rs 582.80 crore in the corresponding quarter of the previous fiscal.

Sun TV Network operates satellite television channels across seven languages of Tamil, Telugu, Kannada, Malayalam, Bangla, Marathi and Hindi; airs FM radio stations across India; and owns the SunRisers Hyderabad cricket franchise of the Indian Premier League; SunRisers Eastern Cape of Cricket South Africa’s T20 League; and the digital OTT platform - Sun NXT.

Key highlights:

• Revenues (incl. IPL) for the quarter ended 30th June 2024 at Rs 1,276.11 crore
• Advertisement Revenues for Q1 FY2025 at Rs 323.77 crore
• Domestic Subscription Revenues for Q1 FY2025 at Rs 425.79 crore
• EBITDA for Q1 FY2025 at Rs 706.36 crore
• Profit after Tax for the quarter ended June 30, 2024 at Rs 546.94 crore
• First Interim Dividend of Rs 5.00 per share (100 %) on a face value of Rs 5.00 per share