HT Media has reported a total revenue of Rs 479 crore in the July to September quarter of the 2024-25 financial year (Q2FY25), up 12% from Rs 427 crore in the same quarter of Q4 FY24. Total revenue in the previous April to June to September of FY25 was also Rs 427 crore. Operating revenue for HT Media in Q2FY25 was Rs 424 crore while other income generated Rs 56 crore.
Ad revenue of the print operations of HT Media was Rs 252 crore in Q2FY25 while circulation revenue was Rs 55 crore. Print ad revenue was Rs 219 crore in Q1FY25 and Rs 244 crore in Q2FY24. Circulation revenue was Rs 55 crore in Q1FY25 and Rs 61 crore in Q2FY24. EBITDA of HT Media was Rs 33 crore in Q2FY25 compared to Rs 7 crore in QoQ rise of 345% over Q1FY25.
Operating revenue of digital in Q2FY25 Rs 56 crore, a 19% QoQ rise over Q1FY25 (Rs 47 crore) and a 54% YoY rise over Q2FY24 (Rs 36 crore).
HT Media Chairperson Shobhana Bhartia said, “The second quarter of the current fiscal saw an improvement in the overall performance. Our revenue grew and operating profitability increased. This performance can be attributed to our focused efforts on pricing, cost management and efficiency as well as a conducive business environment.
She said the print business posted better numbers on the back of pricing led advertising growth, which, coupled with “our emphasis on operational efficiency resulted in enhanced profitability. While the radio business was flat, the digital business saw considerable upside in revenue on a y-o-y as well as q-o-q basis largely driven by growth of OTT play business in which we continue to invest.”
In the run-up to the festive season during the ongoing quarter, the company aims to boost growth on the back of a pick-up in both retail and commercial market activity. “Across businesses, we remain committed to enhancing the audience experience, bringing innovative solutions to advertisers and engaging content to customers,” Bhartia said in a statement.
