MUMBAI: Tips Q2 FY25 revenue was Rs. 80.6 crores, reflecting a y-o-y growth of 32%. Revenue for H1 FY25 stood at Rs. 154.5 crores up by 36% y-o-y.
Other Highlights:
✔ The content cost for the quarter stood at ₹ 13.8 Cr compared to ₹ 4.7 Cr in Q2FY24, reflecting an increase of 194% compared to the previous year’s quarter
✔ In Q2FY25 the company launched a total of 125 new songs. Out of which, 39 were New Film songs and 86 Non-Film songs
✔ YouTube subscribers registered a growth of 21% reaching 108 mn
✔ The interim dividend for Q2FY25 stood at Rs. 2 per share amounting to ₹ 25.56 Cr. Total payout to shareholders including dividend and buyback is ₹97.74 Cr in FY25 so far.
Kumar Taurani chairman, MD Tips said, “I am pleased to share that the company has announced a second interim dividend for the year of Rs. 2 per share, in addition to interim dividend distributed and buyback conducted in Q1FY25. Our revenue for the quarter stood at ₹ 80.6 Cr up by 32% YOY with a PAT of ₹ 48.2 Cr increasing by 21% YOY. Our relentless focus is on acquiring high-quality music content.”
Girish Taurani executive director said, “In Q2FY2025 we successfully launched 125 new songs, of which, 39 were new Film songs and 86 Non-Film songs, resulting in a diverse range of offerings that cater to a wide audience. This quarter, we released two musical short films, ‘Tedi Medi’ and ‘Beinteha’, both of which have received significant appreciation from the audience. A notable release for this quarter is the song ‘Yaad Reh Jaati Hai’ from the film ‘The Buckingham Murders’, sung by the renowned B Praak, along with another song released this quarter ‘Dua Kijiye’. Both tracks have gained popularity and continue to grow with our audiences.”
CEO Hari Nair said, “Our YouTube channels cumulative subscriber base has now reached 108 million, reflecting our growing influence and engagement. The market share on audio digital platforms like Spotify, Saavn etc is increasing steadily. Additionally, the new division of ‘Brands And Partnership’ has started clocking revenues; Motorola used our track ‘Rangeela Re’, for launching its new set of colorful handsets.”
