New Delhi Television (NDTV) has reported its fourth consecutive quarterly loss, with expenses soaring. According to the company’s Q2FY25 results, losses stood at Rs.52.77 crore for the July-September quarter, compared to a profit of Rs.5.91 crore in the same period last year.
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However, it reported a consolidated revenue stood at Rs 112 crore for the quarter ending September 2024, up 17% from Rs 99 crore in the corresponding period of the previous year.
The results further state that the company’s total expenses jumped by 76%, driven by higher operating, production, and marketing costs as the company continued investing in new TV channels and infrastructure.
The news broadcaster’s ad spends has risen by 6% this quarter. It spent Rs 44.8 crore on marketing and advertising, compared to Rs.20.8 crore last year during the same quarter. Revenue from operations rose 16.5% to reach Rs.111 crore.
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