Fair point @praky. Looking at the Q1 Inv PPT, we can clearly see a drop in content costs for FY24. On average it is ~25% of revenue over last 3 years. So, yes, we should expect a moderation in bottomline for FY25 as content acquisition picks up.
Importantly though, do you expect a moderation in revenue growth for FY25 as the content ages a bit and sustaining this level of 30+% revenue growth might be a challenge until new content acquisition resumes?
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