MY FM Q2 Results Outperforms Competition Yet Again!!
94.3 MY FM, India’s local FM network station reported an encouraging Q2 FY14-15 performance recording the highest revenue growth again among all listed radio stations. With the revenue growth of 33% vis-a-vis Q2 FY13 -14, the company has been a frontrunner amongst all listed big radio stations
MY FM’s growth again reflected in earnings before interest and tax (EBIT) of 158% as it left behind competition by a huge margin. Radio Mirchi at (36%), Fever 104 at (42%) and Radio One at (11%) in FY 14-15. MY FM’s retail focus and retail advertising market share, witnessed a healthy growth; while most radio players, barring few witnessed a lower revenue growth during the same period.
Commenting on the occasion, Harrish M Bhatia, CEO, 94.3 MY FM said “The Q2 results are a testimony of our customer centric approach and strong local understanding, which has helped us to deliver the unmet content needs of the market. It’s a simple dynamic of demand and supply and we have been able to fulfill the gap that exists in terms of content, innovation or offering customized solutions to advertisers, this has also led to improvement in our Net yield. The encouraging results further strengthen our resolve to outperform ourselves in future as well”