MUMBAI: Entertainment Network (India) Ltd, the operator of Radio Mirchi, reported a web revenue of 149.3 crore for the fourth quarter of FY24, marking a 42.4% improve in contrast to the identical quarter of FY23.
Radio revenue witnessed development of 26.4% within the fourth quarter of FY24, whereas non-FCT revenue surged by 48.1%, in accordance to an organization assertion. It added that all through FY24, radio skilled development of 10.8%, whereas non-FCT grew by 8%.Consolidated revenues for FY24 reached 500 crore, a 13.6% year-on-year development. EBITDA (excluding digital) for FY24 reached 125.4 cr, a 34.5% year-on-year improve, largely fueled by sturdy top-line development and operational efficiencies. In the fourth quarter, EBITDA (excluding digital) stood at 36 crore, up from 23 crore within the fourth quarter of 2023.
Radio revenue witnessed development of 26.4% within the fourth quarter of FY24, whereas non-FCT revenue surged by 48.1%, in accordance to an organization assertion. It added that all through FY24, radio skilled development of 10.8%, whereas non-FCT grew by 8%.Consolidated revenues for FY24 reached 500 crore, a 13.6% year-on-year development. EBITDA (excluding digital) for FY24 reached 125.4 cr, a 34.5% year-on-year improve, largely fueled by sturdy top-line development and operational efficiencies. In the fourth quarter, EBITDA (excluding digital) stood at 36 crore, up from 23 crore within the fourth quarter of 2023.
