Q1FY25: Network18’s TV news revenue jumps 14%, digital news biz records 34% growth

Network18’s TV news business has recorded a jump of 14% in its revenue in the first quarter of FY25.

The network in India registered a revenue of Rs 385 crore in Q1FY25, as compared to Rs 337 crore in the same quarter of FY24. TV News portfolio delivered 30% advertising growth during the quarter.

EBITDA for the quarter saw a turnaround as revenue grew 14% while costs were flat. The TV news network posted EBITDA of Rs. 40 crore in Q1FY25, a remarkable 46% increase (YoY)

The news network’s All-India TV viewership share of 11.3% was 40bps higher on a quarter-on-quarter basis, driven by its unparalleled 360-degree coverage of general elections.

CNBC-TV18 had 66.2% viewership share among business channels, CNN-News18 had 35.8% share in English news segment, and News18 India secured 13.5% viewership share, the network stated in a press release.

Digital news business sees 34% growth

The Digital news business of Network18 recorded a growth of 34% in Q1FY25. It registered a total revenue of Rs 109 crore as compared to Rs 81 crore for the same quarter in FY24.

Network18’s digital news portfolio saw a jump in monthly unique visitors. With 250 million unique visitors, Network18 closed the reach gap with the leader to just 10%, compared to 50%+ in March 2023.

Moneycontrol Pro crossed 8.1 lakh paid subscriber.

News18.com saw 50% growth in monthly average unique visitors on a quarter-on-quarter basis and 100% Y-o-Y growth in on-platform video views. News18’s mobile app saw 2x increase in MAUs and News18’s Connected TV app was launched for platforms like Android, Samsung Tizen and Firestick, stated the release.

Firstpost saw a 67% increase in monthly active users and page views since the launch of the revamped website. On counting day, the website’s traffic doubled compared to normal days and time spent grew 4x. Firstpost’s growth on YouTube continued to be impressive with subscriber count crossing the 5 million mark.