DB Corp registers 8% jump in Q1 FY25 ad revenue

DB Corp Ltd has reported that its advertising revenue for the quarter ended June 30, 2024, has surged by 8.4% to Rs 427.7 crore as compared to the Q1 of last year, underpinned by robust market alignment. 

The circulation revenue stands at Rs 119.2 crore as against Rs 119.9 crore in Q1'24. EBITDA grew by 40.4% to Rs. 190.9 crore as against Rs 135.9 crore aided by advertising revenue growth with effective cost control measures and also helped by softening newsprint prices. 

With respect to the radio business, the ad revenue grew by 6.2 % YoY at Rs 38.6 crore versus Rs. 36.4 crore. The EBITDA grew by 14.2% YoY to Rs. 13.2 crore versus Rs. 11.5 crore.

On a QoQ basis, the print and other advertisements stood at Rs 389.5 crore in Q1’25 as compared to Rs 404.8 crore in Q4’24, marking a decline of 3.8%. 

The biggest drop was seen in QoQ consolidated operational revenue, which was Rs 77.4 crore in Q4’24 and Rs 69.4 crore in Q1’25, registering a decline of 10.3%

Sudhir Agarwal, Managing Director, DB Corp Ltd said, "As we enter Fiscal 2025, Dainik Bhaskar has demonstrated resilience and strength. Our first quarter results are particularly impressive considering the dip in Govt billing due to the election code of conduct. We are maintaining our growth trajectory across our Print, Radio, and Digital platforms, underscoring the robustness of our omni-channel strategy and the underlying demand for our media offerings. Our Digital platform with 18 million MAUs is a powerful pillar of growth.”

He added, “The editorial excellence, continued broad-based support from advertisers and the strong economic growth of our key markets provides us a strong platform. As India's economic landscape continues to evolve post-elections,we're well-positioned to capitalize on new opportunities, further cement our market leadership, and deliver enhanced value to our stakeholders.”