News Broadcasting
Endemol announces good results in US, UK & Italy for Q1
MUMBAI: Television format creator Endemol has announced a sound performance in the first quarter of 2006.
Compared to the first quarter of 2005, Endemol says that it enjoyed a strong increase in business across all genres and most of its markets, especially the US, the UK and Italy. The overall financial outlook for 2006 remains good. Given the lumpy nature of Endemol’s business (project-based), performance in the first quarter cannot be automatically extrapolated to the rest of the year.
Endemol will publish its half year results on 26 July 2006, with more detailed financial information. Endemol says that its top format in terms of turnover, Big Brother, remains strong. The format was on air in more countries than in the same period of last year, returning to screens in Italy and Belgium after an absence in 2005. The success Endemol has enjoyed worldwide with Deal or no Deal during the first quarter, in particular in the UK and the USA, has resulted in an increasing appetite for game shows (a core element of Endemol’s portfolio), which Endemol is capitalising on.
In the US, Extreme Makeover: Home Edition continues to do well. After being successfully introduced in the US market in December 2005, Deal or No Deal again had promising ratings for the second series, which aired on NBC in March. Specific examples of the resurgence of game shows can be seen in the US where newly created formats Show Me The Money and For The Rest of Your Life were sold to Fox and ABC respectively and the rejuvenated version of Endemol’s existing format One versus 100 was sold to NBC – all in the same week.
In the scripted field, Endemol enjoyed a sound performance with several continuing and new soap operas and drama series in its main scripted territories including the Netherlands, Italy and Spain, but also with drama productions in countries such as South Africa and Russia. In April, Endemol increased its stake in the Dutch production company NL Film & TV to 51 per cent, which focuses exclusively on television drama, comedy and feature films.
In line with the company’s continuing search for expansion in New Territories, the first Asian subsidiary, Endemol India, opened for business at the beginning of the year and enjoyed a successful start in the first three months. In addition, Endemol Polska officially kicked off in Poland as a fully independent production company headed by a newly appointed MD.
In the digital media field, next to Participation TV, the success of formats like Deal or no Deal and Big Brother is generating substantial revenues on calls and SMSs. Furthermore, Endemol is exploring new sustainable revenue streams through cooperation with companies such as KPN in the Netherlands and BT in the UK, further exploiting Endemol’s library and developing new specific content for their IPTV concepts. This particular broadband and mobile opportunity for exploitation of content is still in its early days and revenues are currently embryonic.
Endemol CEO Joaquim Agut says, “In the first quarter we have continued to perform strongly across the group. We saw earlier initiated strategic actions taking effect. In addition, several new steps towards the further development and implementation of our strategic priorities were made. We are confident that we will realise the targets given in our financial guidance as provided earlier this year.”
News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
