Mumbai: Network18 Media & Investments Limited reported its financial results for the quarter ended June 30, 2025, showcasing resilience despite facing headwinds in the advertising market and an unfavourable year-on-year comparison base.
The company’s News business posted operating revenue of ₹430 crore, marking a 5% decline compared to the same quarter last year. The dip was attributed to a high base in Q1FY25, which had benefitted from general election-linked advertising. Additionally, the advertising environment remained subdued due to ongoing weak consumer demand and a sports-heavy quarter that diverted advertising spends.
The overall TV news industry witnessed a sharp decline in ad inventory consumption—over 20% year-on-year—underscoring the pressures on the segment. Despite these challenges, Network18 managed to deliver a relatively steady performance, driven by its strong operating position and market presence.
Notably, when compared with Q1FY24—a quarter that similarly lacked any major election-related revenues—Network18’s revenue rose 9%, reflecting underlying growth momentum.
To mitigate the impact of softer revenue, the company implemented effective cost controls, resulting in a 5% reduction in operating expenses year-on-year. This disciplined approach helped cushion the effect of external headwinds.
Network18 continues to solidify its leadership in the media landscape, maintaining its position as the country’s largest TV news network and becoming the #1 digital news network by reach, with over 300 million monthly users across native and social platforms.
The company’s focus on digital and subscription-led offerings—including the recent launch of CNBC-TV18 ACCESS, Moneycontrol Super Pro, and CNBC-TV18 Prime—positions it well for long-term value creation amid shifting market dynamics.
