Radio Midday records 70% revenue growth and Positive EBIDTA
94.3 Radio One, the joint venture between Mid-day Multimedia and BBC worldwide has recorded exceptional growth in revenues and EBIDTA (earnings before interest, depreciation, Tax and Amoritsation) for Q3 as compared to the same period in the previous year.
94.3 Radio One, the joint venture between Mid-day Multimedia and BBC worldwide has recorded exceptional growth in revenues and EBIDTA (earnings before interest, depreciation, Tax and Amoritsation) for Q3 as compared to the same period in the previous year.
Revenues were at Rs.12.31Cr for Q3 10-11, 70 per cent higher from Rs.7.23Cr for the same quarter last year. EBIDTA profit for the quarter was at Rs.3.13 Cr positive a huge jump from the 0.47Cr loss in the same period last year. The industry revenue growth recorded in Radio One’s 7 metro markets was at 22 per cent from last year.
At the year to date levels April to December 10-11, Radio One revenues grew 49 per cent at Rs 33.41Cr as against revenue of Rs 22.40Cr last year. EBIDTA at the year to date level is now positive at Rs 3.50Cr against a loss of 1.6 Cr, a 319 per cent jump.
