MUMBAI: Tips Music’s Q3FY25 revenue was Rs. 77.7 crores, reflecting a y-o-y growth of 20 per cent. Revenue for the nine month period stood at Rs. 232.2 crores a growth of 30% y-o-y
✔ The content cost for the quarter stood at Rs. 14.6 crores compared to Rs. 14.7 crores in Q3FY24
✔ For Q3FY25 the company released 116 new songs, of which 40 were new film songs and 76 Non- Film songs
✔ YouTube subscribers now stand at 113 million. For the nine month period YouTube views were 171.6 billion up 17% y-o-y
✔ The Board has announced an interim dividend of Rs. 3 per share amounting to Rs. 38.35 crores. The total payout to shareholders including dividend and buyback is Rs. 136.09 crores in FY25 so far
Chairman, MD Kumar Taurani said, “I am pleased to announce that the company has performed well. For Q3FY25, we achieved a revenue of Rs. 77.7 crores, up 20% year-on-year, with a PAT of Rs. 44.2 crores, marking a 27% increase YoY. In line with our commitment to enhance shareholder value, the company has announced a 3rd interim dividend of Rs. 3 per share.”
Executive director Girish Taurani said, “In Q3 FY 25 we launched 116 songs. This includes 40 film songs and 76 non-film songs. Our YouTube subscriber base has now reached a remarkable 113 million. This quarter saw the release of popular songs like ‘Jutti Kasuri’ by Gippy Grewal, ‘Afghani Afeem Hai’ by Tony Kakkar, and ‘Tiyariyan’ from the movie ‘Hoshiar Singh’ by Satinder Sartaaj all of which were well- received by our audience. We have a very exciting lineup of releases planned for 2025.”
CEO Hari Nair said, “We are seeing strong growth for our music across digital platforms. I am excited to announce our collaboration with TikTok, giving users worldwide access to Tips Music’s diverse library, featuring Bollywood classics and regional hits. We partnered with Sterling Reserve and Bacardi’s Legacy brand to launch our own music-IP called ‘Take 2’ and ‘Roots’ respectively.”
