Network18 Reports Q4 Net Loss of Rs 29.09 Crore, Revenue at Rs 561.32 Crore

Network18 Media & Investments Ltd recorded a consolidated net loss of Rs 29.09 crore for the January-March 2025 quarter, with revenue from operations at Rs 561.32 crore, according to a regulatory filing on Friday.

This compares to a Rs 195.68 crore loss and Rs 2,792.45 crore revenue in the same quarter last year. The company noted that results are not comparable due to the merger of its subsidiary Viacom18 with Star India, which led to a Rs 1,435.79 crore loss from derecognition of assets and investments, reported as exceptional items.

On a standalone basis, Q4 revenue was Rs 521.76 crore, down from Rs 535 crore a year ago, while the net loss widened to Rs 69.48 crore from Rs 31.28 crore. Network18 attributed the revenue dip to a high base from election-driven advertising last year and a 15% year-on-year drop in TV news ad inventory consumption.

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Digital advertising revenue grew, though from a smaller base. Operating expenses rose 3%, impacting EBITDA.

For FY25, consolidated revenue reached Rs 6,887.92 crore, while standalone revenue grew 4.3% to Rs 1,896.21 crore, driven by higher ad pricing despite the TV ad slump. Operating costs increased by 3.5%, slightly improving annual EBITDA.

Chairman Adil Zainulbhai said, “We are really happy to end the fiscal as the largest news network in the country… I am positive about the long-term growth despite short-term macro-economic headwinds.” Network18 operates over 20 news channels, including CNBC TV18 and CNN-News18, and digital platforms like Moneycontrol and Firstpost.

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