Sun TV Network（SUNTV.IB）Q1FY25： Weak results with EBITDA missing UBSe

First Read Sun TV Network UBSe Q1FY25: Weak results with EBITDA missing Q: How did the results compare vs expectations? A: Sun TV's Q1FY25 results were soft. Consolidated revenues were down 3% YoY (+37% QoQ, 19% below UBSe), whereas total operating expenses were largely in-line with UBSe, leading to EBITDA (down c10% YoY; 55% margin, down 433bps YoY) missing UBSe by c30%. PAT came in at Rs5.6bn (down c6% YoY, c22% below UBSe). Q: What were the most noteworthy areas in the results? A: Advertising revenues we ...