Network 18 Media & Investments Ltd

(NETWORK18)

Moneycontrol Achieves 100 Million Visitors Milestone - 05 Nov, 2024

Moneycontrol, part of Network 18 Group, surpassed 100 million unique visitors in October 2024, solidifying its status as India's leading digital finance platform. The platform's premium service, Moneycontrol Pro, also reached over one million subscribers, ranking among the world's top 15 digital news subscription services.

Network 18 Reports Sales Decline Amid Subscriber Growth - 22 Oct, 2024

Network 18 Media & Investments reported a 2.16% decline in net sales for September 2024, alongside a significant net loss. However, Moneycontrol Pro achieved over one million subscribers, highlighting growth in digital media engagement.

Network 18 Reports Significant Sales Growth - 21 Oct, 2024

Network 18's net sales surged 811.32% year-on-year to Rs 445.27 crore in September 2024, despite a quarterly net loss of Rs 74.45 crore. EBITDA increased by 146.75%. However, shares have declined 8.74% over the last six months.

Network18 Media Shares Surge on Merger News - 16 Oct, 2024

On October 15, 2024, Network18 Media shares rose over 10% following the NCLT's approval of the merger between Reliance Industries' media assets and Disney India. Market confidence increased due to regulatory approvals and Reliance's strategic investments. Over the past five days, shares are up 12.3%, despite a 5% decline in the last month.

Network 18 Media Shares Surge on Merger News - 15 Oct, 2024

Network 18 Media & Investments shares rose significantly, gaining over 9% following Reliance Industries' update on their merger with Disney India, reaching an intraday high of Rs 86.56.

Network18 Media Reports Significant Losses in Q2 FY25 - 14 Oct, 2024

Network18 Media & Investments reported a consolidated net loss of Rs 221 crore for Q2 FY25, significantly widening from Rs 83 crore last year. Revenue declined by 2.2% to Rs 1,825 crore, with increased expenses impacting performance. The company's investments in sports and digital assets contributed to the losses.

Network 18 Reports Mixed Financial Performance - 13 Oct, 2024

Network 18 Media & Investments Ltd reported a 2.2% decline in consolidated revenue to ₹1,825 crore. While subscription revenue surged 44% to ₹733 crore, the entertainment segment faced challenges with a 5.4% revenue drop. Overall, the company showed improvement in EBITDA losses compared to the previous year.

Network18 Reports Wider Loss Amid Revenue Challenges - 12 Oct, 2024

Network18 Media & Investments reported a net loss of Rs 221 crore for Q2, up from Rs 83 crore a year ago. Revenue from operations decreased to Rs 1,825 crore, reflecting challenges in the entertainment segment. The company continues to invest in sports and digital assets, impacting profitability. The merger of subsidiaries became effective on October 3, 2024.