Q3 Earnings: TV18 Net Up 20%; Internet Revenues Gaining Traction

Television Eighteen has announced its Q3 FY07 numbers. The consolidated revenues stood at Rs 64.8 crore in Q3 for the period ending December 2006 compared to Rs 53 crore, QoQ. Its consolidated net profits (pre-ESOP) was at Rs 19.32 crore compared to Rs 16.04 crore in the same quarter last year.
There is no break-up available of the internet revenues as of now. However, CNBC TV18 reports, quoting its CEO Haresh Chawla, that the revenues from online businesses have doubled compared to last year. In the financial year 2005-06, TV8 had made Rs 6 crore ($1.34 million) from online businesses. That’s for the whole year. So it’s not clear what to make of from Chawla’s statement.
It may also be recalled that TV18 had raked in $1 million from internet business alone in the first quarter of the current financial year.
The bottomline is TV18’s online business is growing. However, Chawla said the revenues from several other internet properties are yet to kick in. “Since several of our internet properties are between 2-6 months old, all the revenue kickers haven’t really started, but they are getting extremely good traction with audiences.”
Chawla also added that in the next 24 months, one can “see a fairly substantial momentum” from all their online properties.

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