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DEN Networks' consolidated revenue fell 6% to Rs 277 crore for the quarter ending December 31, 2022, compared to Rs 294 crore in the previous fiscal's corresponding quarter.
EBITDA decreased by 26% to Rs 37 crore from Rs 50 crore. The company's profit after tax increased 12% for the quarter to Rs 49 crore from Rs 44 crore.
Subscription revenue fell 11% to Rs 157 crore in Q3 FY 22-23 from Rs 177 crore, while placement/marketing income increased 5% to Rs 90 crore from Rs 86 crore in Q3 FY 21-22. Other operating income increased 51% to Rs 18 crore from Rs 12 crore in the previous fiscal quarter, while activation income decreased 36% to Rs 13 crore from Rs 20 crore in Q3 FY 21-22.
The total cost was reduced by 2% to Rs 239 crore from Rs 244 crore. Content cost fell by 1% to Rs 147 crore from Rs 149 crore. Other operating expenses increased by 4% to Rs 73 crore from Rs 70 crore.
DEN’s cable operations covers over 500 cities/towns across 13 key states (Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand) in India.