Network18’s TV news business has seen 26% revenue growth in the first quarter of the current financial year, the company said in its financial report.

The company has registered a revenue of Rs 337 crore in the quarter, as compared to Rs 266 crore for the same period last fiscal.

“The network’s revenue during the quarter was up 26% YoY, driven by the strong growth in advertising revenue. The ad revenue growth was underpinned by the strong viewership gains that the network has achieved over the last year which has helped improve the pricing of certain channels. Network advertising inventory increased while the genre declined. The network also saw strong traction in monetisation of IP-led events,” the company said.