Brand Makers
Priya Nair appointed new CEO and MD of Hindustan Unilever, replaces Rohit Jawa
Entertainment Network (India) registers 19% rise in domestic revenue to Rs 109 cr in Q1 FY25
The owner of Gaana.com said that its Profit After Tax (PAT) rose to Rs 5.8 crore, compared to Rs 4.4 crore in the same period last year
ENIL's digital revenues surged to Rs 17.8 crore, comprising almost 25 % of radio revenue (Image source: CNBCTV18)
Entertainment Network (India) Ltd, owner of Radio Mirchi, reported an increase of domestic revenue by 19.3% YoY to Rs 109.4 crore for Q1 FY25, driven by broad-based growth by radio and digital segments.
The company's EBITDA stood at Rs 20.5 crore- a 19.3% YoY increase in the first quarter of the current fiscal year.
The owner of Gaana.com said that its Profit After Tax (PAT) rose to Rs 5.8 crore, compared to Rs 4.4 crore in the same period last year.
Digital revenues surged to Rs 17.8 crore, comprising almost 25 % of radio revenue, up from 11.8% in Q1 FY24, ENIL said in a stock exchange filing.
The consolidated revenue of the Entertainment Network (India) for Q1 FY25 stood at Rs 113.5 crore in the June quarter.
"The new Gaana app has been well-received, and our digital segment is poised for further growth. The initial investment in the new platform is stabilizing, and we anticipate sustained progress moving forward," Yatish Mehrishi, CEO of ENIL said.
SPOTLIGHT
The Storyboard18 Digital Entertainment Summit (DES) unpacked India's strategy for leading the digital entertainment economy, with top policymakers where they putlined how talent, technology, and governance would fuel future-ready growth.
Read MoreIn Photos: At DES 2025, India charts ambitious course for digital entertainment leadership
At the Storyboard18 Digital Entertainment Summit in New Delhi, policymakers and industry leaders outlined how talent, technology, and governance will drive India’s push to dominate the global entertainment economy.