HT Media Limited , a leading media company, has released its financial results for the second quarter, showcasing strong digital growth amidst overall revenue challenges.

Digital Segment Leads Growth

The company reported a significant 23% year-over-year increase in digital revenue, with this segment now accounting for 31% of total sales. This growth underscores HT Media's successful efforts in digital transformation and expansion of its online presence.

Overall Financial Performance

Despite the digital success, HT Media faced some headwinds in its traditional segments:

The company's total revenue saw a modest increase of 4.2% compared to the same quarter last year. While EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) improved significantly by 33.1%, HT Media still reported a net loss, albeit reduced from the previous year.

Segment Performance

• Print & Publishing: Revenue grew both annually and sequentially, with improved operating margins due to cost management efforts.
• Radio: The segment saw sequential improvement in revenue and profitability, despite industry-wide challenges.
• Digital: Consistent growth on both annual and sequential basis, though margins remain under pressure due to ongoing investments.

Strategic Focus

HT Media is implementing several strategic initiatives to navigate the evolving media landscape:

1. Expanding its subscription model through OTT platforms and news portals.
2. Implementing cost rationalization measures to restore margins.
3. Focusing on brand monetization and regional content expansion.

Outlook

The company expects a gradual recovery in its print advertising and radio segments. Management remains committed to digital transformation while reinforcing the value of its core print portfolio.

Chairperson and Editorial Director Shobhana Bhartia commented, "We are strategically adapting across all business verticals. We are driving our Digital business through targeted content initiatives while simultaneously reinforcing the value of our core Print portfolio and sharpening the focus of our Radio business on integrated formats and immersive audience experiences."

As HT Media continues to navigate the changing media landscape, its strong digital growth and strategic initiatives position the company to capitalize on emerging opportunities while managing challenges in traditional segments.

HT Media Limited , a leading media company, reported improved financial results for the quarter ended September 30, with increased revenue and enhanced profitability compared to the same period last year.

Financial Performance

The company's consolidated revenue grew by 4% year-on-year to ₹499.00 crore, also marking an 11% sequential increase. HT Media significantly improved its EBITDA to ₹44.00 crore from ₹33.00 crore in the same quarter last year, with margins expanding to 9% from 7%.

The company narrowed its losses, with Profit After Tax (PAT) improving to -₹4.00 crore from -₹6.00 crore year-on-year, demonstrating progress towards profitability.

Segment Performance

HT Media's financial results reveal varied performances across its different business segments:

Print Business

The print segment drove growth with operating revenue rising 7% annually to ₹358.00 crore, led by a robust 10% growth in advertising revenue to ₹278.00 crore. Notably, print operating margins expanded substantially to 11% from 6%, showcasing improved efficiency in this traditional segment.

Digital Segment

The digital segment demonstrated strong growth with a 10% increase in revenue to ₹61.00 crore. However, margins in this segment remained under pressure at -49%, indicating ongoing investments and challenges in digital monetization.

Radio Business

The radio broadcast segment showed sequential improvement with a 4% quarterly revenue growth to ₹32.00 crore. However, on an annual basis, revenue declined by 8%, reflecting the challenges faced by traditional audio media.

Balance Sheet and Liquidity

HT Media maintained a strong cash position of ₹947.00 crore, providing the company with financial flexibility to navigate market uncertainties and invest in growth opportunities.

Future Outlook

While HT Media has shown improvement in its financial performance, particularly in its print and digital segments, challenges remain in achieving profitability across all business areas. The company's focus on digital growth and maintaining strength in its traditional print business appears to be yielding positive results.

As the media landscape continues to evolve, HT Media's ability to innovate across its various segments and capitalize on emerging opportunities will be crucial for sustained growth and profitability in the coming quarters.

Investors and stakeholders will be watching closely to see if the company can maintain this positive momentum and further improve its bottom line in future reporting periods.