India’s creative industry reps air AI policy gaps in meet with PM’s advisor 
IAMAI flays TRAI attempts to regulate communication OTT 
TRAI consultation seeks policy reset to up public Wi-Fi expansion 
Summercool Coolers joins Aaj Tak’s ‘Teen Taal’ as presenting sponsor 
JioStar posts Rs 36,248 cr revenue in FY26, IPL ‘26 tops 515mn viewers 
Prime Video unveils trailer of Tamil series ‘Exam’, to stream from May 15 
Rajeev Khandelwal recreates Anil Kapoor–Sridevi magic on ‘Tum Ho Naa’ 
‘Sankat Mochan Hanuman’ returns on Sony PAL from May 4 
UMG to sell half of Spotify stake, plans €1 billion buyback 
Spotify user base surges to 761 million, ad rev dips 
- SunTV reported growth in overall revenues by 19.3% YoY to Rs 9,723mn (Elara E: Rs. 9,365mn) despite a muted performance on subscription revenues, as ad revenues recovery coupled with IPL revenues during the quarter supported the topline; ad decline of 9%YoY was very poor given the strong mkt revival – this is primarily due to viewership share loss and higher dependence on local brands
- The Subscription revenues for the quarter were up by mere 3% YoY to INR 4240mn, with the flagship channel SUNTV regaining back the lost viewership share with live shows as well as continued traction for movie catalogue.
- EBITDA margins were down sharply by 940bp YoY to 61.8% as other expenses saw a big spike of 165% YoY as well as higher programming costs i.e. cost of revenues by 48% YoY as GEC content resumed fully during the quarter.
- PAT grew 18.3% YoY to INR 4,418mn, largely on back of depreciation & interest costs down 52% & 22% respectively which was partially offset by the cut on EBITDA margins and other income down by 2% YoY during the quarter.
SunTV Q3FY21 Result First Cut – Core ad/subs revenue weak- growth led by IPL/other operating revenue
