Entertainment Network (India) Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Entertainment Network reported domestic revenue of INR111 crores for Q1 FY27, a 1.9% year-on-year decline attributed to geopolitical conflict-related event cancellations and reduced artist travel. EBITDA grew 42% year-on-year to INR8.8 crores, driven by cost rationalization measures, while Digital revenue rose 43.3% to INR31.1 crores on Gaana's user growth. Gaana revenue grew about 19% year-on-year to INR21.4 crores with losses narrowing to INR8.3 crores from INR9.8 crores a year earlier.
Entertainment Network reported FY26 consolidated revenues of INR565 crores, up 3.9% year-on-year, with digital business revenue growing 84% to INR112.4 crores. Radio and non-FCT segments faced headwinds from macroeconomic conditions and geopolitical tensions, particularly in the Middle East, while digital revenue now contributes about 48% of radio revenues. Management discussed a income tax demand of INR113 crores which it plans to contest, and outlined its approach to Gaana subscriber growth and pricing.