TV18’s news business records 23% revenue jump in Q3FY24

TV18’s news business has registered a strong jump of 23 percent in revenue in the third quarter of the current financial year.

India’s largest TV news network registered a revenue of Rs 402 crore in Q3FY24, as compared to Rs 327 crore for the same quarter last fiscal.
TV18’s portfolio continued to be the highest reach TV news network in the country, reaching 175 million people around the country every week. The TV news portfolio of the network consists of 20 news channels in 16 languages.

The increase in the revenue comes on the back of the network’s strong viewership gains and leading positions in key markets with CNBC TV18 (80 percent+ viewership share), News18 India (13.8 percent evening primetime viewership share) and CNN-News18 (33.2 percent viewership share) being the number one channels in their respective segments. The news network also has leadership in 3 regional markets, including UP/Uttarakhand, Bihar/Jharkhand, and Gujarat.

TV18 Broadcast revenue dipped by 5 percent to Rs 1676 crore and the company reported a consolidated loss of Rs 12 crore due to lower movie and sports segment revenues.

The digital news platforms of the group, housed under Network18, also saw a solid 20 percent growth. Digital news business posted a revenue of Rs 111 crore in Q3 FY24, as compared to Rs 92 crore in Q3 FY23. The digital news business of the group includes popular brands such as Moneycontrol, News18.com and Firstpost. Moneycontrol