Network18 Media & Investments Limited announced its unaudited standalone and consolidated financial results for Q2 and H1 FY25. The company’s revenue from operations stood at ₹1,825 crore for Q2 FY25, down from ₹3,141 crore in the previous quarter.
Key highlights include:
- Revenue from operations: ₹1,825 crore in Q2 FY25 vs. ₹1,865 crore in Q2 FY24.
- Net loss: ₹152 crore for Q2 FY25, an improvement from ₹195 crore in the previous quarter.
- Consolidated revenue for H1 FY25 amounted to ₹4,966 crore.
- Comprehensive loss for Q2 FY25 was ₹85.9 crore.
The company attributed the lower revenue to reduced operational costs and marketing expenses.