HT Media has reported a total revenue of Rs 427 crore in the April to June quarter of the 2024-25 financial year (Q1FY25), down 19% from Rs 527 crore in the previous January to March quarter (Q4 FY24). Total revenue in the April to June quarter of FY24 was Rs 445 crore. Operating revenue for HT Media in Q1FY25 was Rs 379 crore while other income generated Rs 49 crore.
Ad revenue of the print operations of HT Media was Rs 219 crore in Q1FY25 while circulation revenue was Rs 55 crore. Print ad revenue was Rs 293 crore in Q4FY24 and Rs 244 crore in Q1FY24. Circulation revenue was Rs 56 crore in Q4FY24 and Rs 60 crore in Q1FY24.
Digital revenue was Rs 47 crore in Q1FY25 compared to Rs 43 crore in Q4FY24 and Rs 36 crore in Q1FY24.
EBITDA of HT Media was Rs 7 crore in Q1FY25 compared to Rs 64 crore in Q4FY24 and Rs 26 crore in Q1FY24.
“Overall revenue saw a decline as compared to the same period last year as National elections and the enforcement of the model code of conduct impacted government advertising volumes in the quarter. But our focused efforts on cost management and operational efficiency helped mitigate the impact on profitability,” said Shobhana Bhartia, chairperson and editorial director, HT Media and Hindustan Media Ventures.
Bhartia said print advertising and circulation revenue saw a measured decline, affecting profitability; radio posted growth in revenue over a year ago, but reported marginal losses; and the digital business saw considerable upside in revenue on a Y-o-Y as well as Q-o-Q basis and better sequential profitability, albeit with ongoing investments in OTTplay.
The company’s focus, Bhartia said, remains on improving profitability in core businesses by driving topline growth as well as on growing new digital businesses aided by measured investments in the medium term. At this juncture, our strong market presence across media platforms and robust liquidity position remain a source of strength and competitive advantage in the dynamic media landscape.
“Now more than ever, we remain committed to serving all our customers and stakeholders with integrity and transparency. Your continued support and trust are integral to our success. Our unwavering focus remains on providing credible and insightful news and engaging entertainment.”
