Network18 Media & Investments Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 20,643.6 million compared to INR 21,660.8 million a year ago. Revenue was INR 19,303.8 million compared to INR 19,006.6 million a year ago. Net loss was INR 580.8 million compared to INR 76.8 million a year ago. Basic loss per share from continuing operations was INR 0.56 compared to INR 0.07 a year ago.
For the nine months, sales was INR 80,180.6 million compared to INR 55,355.4 million a year ago. Revenue was INR 74,143.3 million compared to INR 48,146.8 million a year ago. Net loss was INR 1,578 million compared to INR 474.9 million a year ago. Basic loss per share from continuing operations was INR 1.52 compared to INR 0.46 a year ago.