UFO Moviez, India’s largest in-cinema advertising platform, has announced its financial results for the quarter ending September 30, 2024. The company continues to solidify its position in the market, reaching nearly 1.8 billion viewers annually through its extensive network of 3,735 screens across 1,374 cities and towns.
Quarterly Financial Highlights:
In Q2FY25, UFO Moviez experienced an 11% year-on-year increase in total revenue, driven primarily by growth in theatrical and exhibitor revenue. However, the advertising segment faced challenges due to a mixed performance of film releases during the quarter.
- Consolidated Revenues: Increased to ₹ 968 million in Q2FY25 from ₹ 871 million in Q2FY24.
- EBITDA: Reported at ₹ 102 million for the quarter, down from ₹ 177 million in the same period last year.
- Pre-tax Loss: Recorded at ₹ 6 million, compared to a profit of ₹ 55 million in Q2FY24.
- Net Loss: Stood at ₹ 9 million, a significant decline from the net profit of ₹ 33 million reported in Q2FY24.
Half-Yearly Financial Overview:
For the half-year period ending September 30, 2024, the company reported the following results:
- Consolidated Revenues: Grew by 11% to ₹ 1,913 million compared to ₹ 1,725 million in H1FY24.
- EBITDA: Decreased to ₹ 168 million from ₹ 340 million in H1FY24.
- Pre-tax Loss: Increased to ₹ 49 million, down from a profit of ₹ 90 million in H1FY24.
- Net Loss: Reported at ₹ 50 million, compared to a net profit of ₹ 58 million in H1FY24.
“Q2FY25 highlighted the impact of quality content and underscored the need for consistency in successful releases across languages,” said Rajesh Mishra, Executive Director and Group CEO. “While some releases performed well, the underperformance of a few titles, along with a lack of successful Hindi films in September, contributed to muted advertising revenue. However, growth in theatrical and exhibitor revenue supported the overall performance, reaffirming the resilience of in-cinema entertainment. Looking ahead, with a strong lineup of upcoming releases such as Singham Again, Bhool Bhulaiyaa 3, Pushpa 2 etc, we are optimistic about building momentum in the upcoming quarters.”
