Q1 2025 Shemaroo Entertainment Ltd Earnings Call Transcript
Key Points
- Digital media revenues increased by approximately 20% year-on-year, reaching around INR69 crores.
- ShemarooMe continues to gain traction, particularly with Gujarati content, releasing 10 new titles this quarter.
- FilmiGaane achieved a milestone of becoming the 23rd most subscribed channel globally with approximately 69 million subscribers.
- Shemaroo GEC channel secured a viewership share of approximately 7.8% in the overall GEC genre.
- The company launched AI-powered games on ShemarooVerse in partnership with GMetri, showcasing innovation and leveraging cutting-edge technology.
- Revenue from operations remained flat year-on-year at around INR154 crores.
- EBITDA loss for the quarter was around INR13 crores, and net loss was approximately INR17 crores.
- Traditional media revenues declined by around 11%, standing at approximately INR86 crores.
- The company's margins were under pressure due to deferred B2B deal closures and accelerated inventory charge-offs.
- Inventory write-offs and deferred deal closures significantly impacted profitability, with an additional charge-off of around INR30 crores to INR32 crores.
Ladies and gentlemen, good day, and welcome to the Q1-FY25 conference call of Shemaroo Entertainment Limited, hosted by Valorem Advisors. (Operator Instructions)
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 first quarter of the financial year 2025. Before we begin, a quick cautionary statement.
Some of the statements made in today's concall 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 well as assumptions made by and information currently available to the management. Audiences are
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