Dish TV India reports Rs 46 cr net loss in Q3 FY25, revenue declines 21%

Dish TV India Ltd has reported a net loss of Rs 46.5 crore for the quarter ended December 31, 2024, significantly higher than the Rs 2.8 crore loss recorded in the same quarter last year.

Its operating revenue has declined by 20.7% from Rs 470.3 crore to Rs 373 crore.

The subscription revenues stood at Rs 247.2 crore in Q3 FY25, down by 33% from Rs 372 crore in the same quarter previous fiscal. Advertising revenue has also dropped by 60% from Rs 6.3 crore to Rs 2.5 crore.

EBITDA for the quarter was Rs 122.7 crore in Q3 this fiscal, down by a margin of 32.9% from Rs 180.4 crore last year.

In its statement, Dish TV said that despite industry challenges, it has been focusing on strengthening its content distribution business and to counter the shift towards online streaming, the company introduced complimentary OTT access with every DTH subscription, allowing users to access at least six OTT apps. 

Additionally, it continues to offer bundled OTT app packages at attractive price points, catering to both existing subscribers and non-subscribers, the DTH provider said,.

It said that revenues continued to be under pressure due to the growing online consumption of content as well as weak discretionary spending by consumers. 

“Cost-conscious consumers continued to drift towards the free DTH platform resulting in negative net addition during the quarter despite a marked improvement in new subscriber acquisitions during the festival period,” it said.

Manoj Dobhal, CEO & Executive Director, Dish TV India Limited, said, "As an organisation, Dish TV India has come a long way and has, in this eventful journey, positively touched the lives of millions of stakeholders be it our ever valued past or present subscribers, shareholders, trade partners, suppliers or employees. We are indebted to all of them and would like to assure all our stakeholders that we would continue to do our best to make the business scale new heights all over again. It is with this spirit that we are venturing into the B2B e-commerce platform and other exciting initiatives, the details of which we would keep sharing in the coming quarters."

Overall expenditure was reduced by 13.6%, while other income grew by 108.3%, and depreciation and amortization expenses saw an 8% decrease. 

However, financial expenses increased by 8.6%, further impacting profitability.

Looking ahead, Dish TV India said it remains committed to a turnaround strategy, adding that the recently introduced Finance Bill 2025 is expected to boost discretionary spending, which could benefit the company in the next fiscal year.