A few snippets from the investor presentation
QoQ growth of 13% in Youtube views
Carvaan sales at 156000 for Q2, 60% QoQ growth. They continue to stress that tight marketing cost controls will continue
Profitability of the films and web-series vertical (Segment EBIT margin) has dropped steeply in H1 FY23 compared to H1 FY22. It is probably related to timing issues but worth asking Management about in the concall
Overall, judging by the Q results of Netflix, Spotify and now Saregama doesn’t look like OTT consumption of media has taken a hit yet, although YouTube’s ad revenue has fallen a bit QoQ and YoY. Many had feared that recession fears and the end of WFH will cause significant reduction in OTT consumption. This remains a data point to be monitored in the upcoming Qs.
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