Music Broadcast Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 21, 2021 at 07:30 am EST
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Music Broadcast Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 456.844 million compared to INR 738.022 million a year ago. Net income was INR 0.732 million compared to INR 101.807 million a year ago. Basic earnings per share from continuing operations was INR 0.002 compared to INR 0.296 a year ago. For the nine months, total revenue was INR 977.745 million compared to INR 2,143.879 million a year ago. Net loss was INR 203.172 million compared to net income of INR 371.129 million a year ago. Basic loss per share from continuing operations was INR 0.588 compared to basic earnings per share from continuing operations of INR 1.002 a year ago.
Music Broadcast Limited is an India-based company, which is engaged in the business of operating private frequency modulation (FM) radio stations through the brand name, Radio City. Radio City is focused to be a one-stop shop for its advertisers by providing integrated solutions, including content production, event IPs, social media, commissioned podcasts, audio stories, influencer marketing, and various others. It is engaged in digital proactive collaborations with brands, such as Samsung, Tiger Balm, Super 4, Lifestyle, Maruti Suzuki-Ertiga, Canara Bank and T-series, among others. The Company provides humor-based IPs Babber Sher, Joke Studio and the IP Love Guru with a concept of love, relationships and romantic endeavors. South Ka Blockbuster, its interactive microsite, provides users with exclusive interviews, unseen photo galleries, interactive celebrity quizzes, and polls about popular South Indian superstars. It has approximately 39 stations in 12 states and one union territory.