By BestMediaInfo Bureau

Network18's entertainment business witnessed its revenue narrow by 5% to Rs 2,684 crore in the first quarter of FY25 from Rs 2,839 crore in the same quarter of the corresponding year, owing to a few IPL matches being held in the last quarter of FY24 and the first quarter of FY25.

The matches being held across two quarters led to a split in revenue across two quarters, compared to revenue being booked in the first quarter of the last fiscal year, the company said in a regulatory filing.

Additionally, earnings before interest, tax, depreciation and amortisation (EBITDA) were impacted due to Viacom18's continued investments in sports and digital segments.

https://bestmediainfo.com/mediainfo/television/network18-entertainment-biz-revenue-down-5-per-cent-in-q1fy25-6236197