New Delhi: Leading news media network, NDTV, has announced its financial results for Q3 FY 2024-25, reporting a robust 34% year-on-year revenue growth and a 20% increase over the previous quarter. The performance was fuelled by higher advertising revenue, successful digital initiatives, and the popularity of high-profile events.
The highlight of the quarter was the launch of NDTV World, a global news platform aimed at serving the international diaspora with high-quality news and analysis from an Asian and Indian perspective. The platform’s launch was marked by the prestigious NDTV World Summit, inaugurated by Indian Prime Minister Shri Narendra Modi. The summit witnessed participation from global leaders such as Bhutan’s Prime Minister Dasho Tshering Tobgay, former UK Prime Minister Lord David Cameron, investor Mark Mobius, telecom tycoon Sunil Bharti Mittal, and YouTuber NAS Daily, among others.
NDTV’s content and event strategy also saw strong traction with the Maharashtra elections, US elections, and marquee events like NDTV Indian of the Year, NDTV Auto Conclave, and the Emerging Business and Real Estate Conclaves. These initiatives further solidified NDTV’s position as a leader in journalism and event-driven content.
Another milestone this quarter was NDTV’s return to the Broadcast Audience Research Council (BARC) measurement system after over two and a half years, underscoring its commitment to understanding audience preferences and refining its offerings.
Commenting on the results, Sanjay Pugalia, Executive Director and Editor-in-Chief, NDTV, said, “Q3 was a transformative quarter for us as we expanded globally with NDTV World. While strategic investments impacted short-term profits, we are confident these initiatives will deliver long-term growth and strengthen our leadership position in the media industry.”
The quarter also brought recognition for NDTV’s excellence in journalism, with the network winning a record-breaking 38 awards at the News Television Awards 2024, the highest in the English+Hindi category.
While the increased investments in IP development, global distribution, and digital operations impacted profits, the Company is optimistic about the returns from these growth-oriented strategies.
