Music Broadcast reports muted revenues; losses continueRADIOCITY - 15 Change: -0.20 (-1.30 %)
News: Music Broadcast reported a muted set of numbers. Revenue came in at Rs 46 crore, up 8% YoY. EBITDA was at ~Rs 1.9 crore, with margins of 4.1%, down 270 bps YoY. The company reported a loss of Rs 2.1 crore vs. loss of Rs 3.9 crore in Q4FY21.
Views: The radio industry realisation remain depressed. The medium has also seen the impact of onslaught of growth of digital music streaming services across the countries. Pricing recovery will be key ahead.