Disney Star India’s revenue up 38%
The company’s advertising revenue grew 57.09% to Rs 10495.51 crore
The Walt Disney-owned Star India has reported an increase of 38.03% in consolidated revenue from operations to Rs 17,480.62 crore for the fiscal ended March 31, 2022 as compared to 12664.36 crore in the previous fiscal, according to the company's financial data accessed by business intelligence platform Tofler.
Total expenses for the company increased 40.72% to Rs 15, 652.92 crore from Rs11,123.81 crore. Net profit increased by 74.24% to Rs 1,421.27 crore in fiscal FY21-22, from Rs 815.72 crore in FY21.
The company’s advertising revenue grew 57.09% to Rs 10495.51 crore against Rs 6681.02 crore in FY21. Subscription revenue too grew by 11% to RS 6129.91 crore from Rs 5501.91 crore. The company earned Rs 829.56 crore from content rights licensing and Rs 25.64 crore from theatrical distribution of films.
The company's rights/program cost increased by 55.25% to Rs 10185.62 crore from Rs 6560.78 crore in terms of expenses. The payment of licence fees increased by 16.28% to Rs 914.25 crore from Rs 786.25 crore. Programming costs were Rs 261.80 crore as opposed to Rs 243.59 crore. The technical cost was Rs 166.47 crore as opposed to Rs 160.95 crore.
The company marketing and publicity expenses for FY22 stood at Rs 1,398.77 crore against Rs 1,152.29 crore.
