Den Networks sees 10% drop in Q3 subscription revenue
The company’s net profit also declined by 3% from Rs 49 crore in Q3 FY23 to Rs 48 crore in Q3 FY24
by
Published: Jan 15, 2024 3:52 PM | 1 min read
Follow Us
Cable distribution firm Den Networks Ltd has reported a 10% decline in subscription revenue in the third quarter of FY 2023-24 compared to the same period in the previous fiscal.
According to the Q3 results of the company, its subscription revenue for Q3 FY24 stood at Rs 141 crore, down from Rs 157 crore in Q3 FY23.
The company’s net profit has also declined by 3% from Rs 49 crore in Q3 FY23 to Rs 48 crore in Q3 FY24.
The total revenue of Den Networks, which is owned by Reliance Industries, has seen a Y-o-Y drop from Rs 277 crore to Rs 273 crore this quarter.
However, the content cost of the company has increased by 5% from Rs 147 crore in Q3 FY23 to Rs 154 crore and the total expenses reduced to Rs 232 crore from Rs 239 crore in Q3 FY24.
The EBITDA of the network was up 9% from Rs 37 crore in Q3 FY23 to Rs 41 crore in Q3 FY 24.
The net worth of the company stood at Rs 3,341 crore as of December 31, 2023.
Read more news about Marketing News, Advertising News, PR and Corporate Communication News, Digital News, People Movement News
For more updates, be socially connected with us on
Instagram,
LinkedIn,
Twitter,
Facebook,
YouTube
&
Google
News
