Radio One H1 FY2019 EBIDTA up 54.7%; Q2 revenues at Rs 19.56 cr
94.3 Radio One (Next Radio Ltd), India’s only international and upscale format FM radio network, has reported a 17 per cent (sequential) growth in its revenue to Rs 19.56 crore in Q2 FY2019, from Rs 16.73 crore in Q1 FY2019. In a Q2 to Q2 comparison, revenue was up 3 per cent in Q2 FY2019 as compared to the corresponding quarter of the previous fiscal.
EBIDTA was up 32 per cent from Rs 2.54 crore in Q1 FY2019 to Rs 3.37 crore in Q2 FY2019. In a Q2 to Q2 comparison, EBIDTA was at Rs 3.37 crore in Q2 FY2019, an increase of 13.4 per cent over Rs 2.97 crore in Q2 FY2018.
The half year performance of the company (April-September 2018) saw a revenue growth of 4.8 per cent from Rs 34.46 crore in Apr-Sept 17-18 to Rs 36.29 crore in Apr-Sept 2018-19 and an EBIDTA growth of 54.7 per cent – from Rs 3.27 crore in Apr-Sept 17-18 to Rs 5.91 crore in Apr-Sept 18-19.
Commenting on the performance, Vineet Singh Hukmani, MD & CEO Next Radio Ltd, said, “Despite an overall commoditised and, therefore, difficult media market in the first half of the year, that continues to witness single digit topline growth, we were able to maximise efficiencies across functions resulting in substantial EBIDTA growth in our radio business. In our 11th year, we continue to be India’s No. 1 international radio network in Delhi, Mumbai and Bangalore, and the only premium Hindi network in Pune, Kolkata, Chennai and Ahmedabad. We have not only strengthened our position with unique engaging content designed for our 5.94 million upscale listener tribe (IRS 2017), but we now have a means to measure brand consumption and preferences of our high value audience using our innovative audience tracker called the International Indian Monitor. This pioneering effort offers unique value to our advertisers in creating powerful and engaging conversations with our unique tribe on air and online.”
Radio One simulcasts its international format FM stations online at www.1cast.in for its premium mobile audience all over India, as compared to the super mass audiences served by other radio players only on FM radio. Radio One also runs India’s only online audio business channel – Business One, aimed at the young upscale professional, which is also broadcast from www.1cast.in.