Entertainment Network Has Revenues Up By 17% In Q1 Of 2021
- ByStartupStory | June 16, 2021
ENIL or Entertainment Network has revenues up by 17% for the first three months of 2021 which ended in March 2021. Their revenues have jumped to almost 99 crore. This jump is mostly because of the solution business which grew a sequential growth of &6.7%. Covid aql;lso affected the entertainment sector as well, which has seen a 33.7% loss.For the entire FY21. revenue was up by Rs 266.8 crore, said Radio Mirchi, a part of the ENIL.
Entertainment Network has revenues up by 17% but its core brand Radio mIrchi continues to be strong even in these troubled times. AS a result of impairment provision, Quarter 4 loss was RS. ^5.87 crore. However ENIL CEO Prashant Panday said that Ad volumes are once again growing which probably indicates the return of advertisers in the medium.
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