Network18 Defies Ad Slump, Posts 5% Revenue Growth in Q3

• Network18 reported a 5% year-on-year revenue increase in Q3, reaching Rs 500.4 crore for its news business, despite a challenging advertising market.
• The company outperformed the TV news industry, which saw over 10% decline in ad inventory demand, by experiencing a lower fall in its own inventory utilization.
• Operating EBITDA for the news business was Rs 11.8 crore, with margins improving to 2.4% due to effective cost control.
• Network18 maintained its position as India's number one news network, with TV viewership share at 14.2% and a monthly digital reach of 300 million users.
• Moneycontrol, a key digital asset, continued its strong performance with over 1 million paid subscribers for Moneycontrol Pro and significant growth in its lending business.

Why It Matters: Network18 achieved revenue growth and market leadership in Q3, outperforming a subdued advertising market.