Q3 2024 Shemaroo Entertainment Ltd Earnings Call Transcript
Key Points
- Revenue from operations for Q3 FY24 stood at INR156 crores, showing a 4% year-on-year growth.
- For the nine months ended FY24, revenue from operations was INR508 crores, representing a 30% year-on-year growth.
- Digital media revenues for Q3 FY24 were INR65 crores, up by 8% year-on-year.
- Traditional media revenues for the nine months ended FY24 were INR323 crores, witnessing a growth of roughly 47%.
- Shemaroo FilmiGaane on YouTube has 67 million subscribers and is the 22nd most subscribed channel in the world.
- EBITDA loss for Q3 FY24 was around INR18 crores, and net loss was approximately INR30 crores.
- For the nine months ended FY24, net loss was INR26 crores.
- Advertising spend was significantly impacted by the World Cup and state elections, leading to reduced viewership and muted advertising revenue.
- Employee expenses have increased significantly, with a 10-15% jump each quarter, raising concerns about cost management.
- Current debt has risen to INR362 crores, with expectations to close the year at around INR350 crores.
Ladies and gentlemen, good day, and welcome to the Q3 and nine months FY24 Conference Call of Shemaroo Entertainment Limited, hosted by Valorem Advisors. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Purvangi Jain from Valorem Advisors. Thank you, and over to you, ma'am.
Good afternoon, everyone, and a warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the Investor Relations of Shemaroo Entertainment Limited. On behalf of the company, I would like to thank you all for participating in the company's earnings call for the third quarter and nine months ended of the financial year 2024.
Before we begin, a quick cautionary statement. Some of the statements made in today's con call may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on management's beliefs as
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