Entertainment Network (India) (ENIL) Q1 24/25 earnings summary

Executive summary

• Domestic revenue reached INR 109.4 crores in Q1 FY25, up 19.3% year-over-year, driven by both radio and digital segments.

• Radio segment grew 10.8% YoY; digital revenue increased 4x YoY, now constituting nearly 25% of radio revenues.

• EBITDA (excluding digital) was INR 20.5 crores, with margins at 21.8%.

• PAT rose to INR 5.8 crores from INR 4.4 crores YoY.

Financial highlights

• FCT revenue for the quarter was INR 75.2 crores, up 10.8% YoY, with a volume market share of 24.3%.

• Non-FCT segments, including digital, grew 43.6% YoY, supported by Gaana subscription revenue.

• Digital revenue reached INR 17.8 crores, up from 11.8% of radio revenues in Q1 FY24 to nearly 25% in Q1 FY25.

• International business remained EBITDA positive at INR 1.5 crores.

Outlook and guidance

• Management expects digital investment costs to decline in subsequent quarters.

• Anticipates potential price increases in H2 FY25, especially during the festival season.

• Focus remains on maximizing shareholder value through sustainable growth and profitability.