Multi-system operator (MSO) Hathway Cable & Datacom reported a drop in carriage and operating revenues on a quarter-on-quarter (QoQ) basis while EBITDA narrowed.
Carriage revenue dropped to Rs 75.8 crore in Q3
Hathway’s carriage (placement fees) revenue stood at Rs 75.8 crore (Rs 758 million) in the third quarter of the fiscal. Carriage accounted for 32 per cent of the MSO’s total revenue. In the trailing quarter, Hathway’s carriage revenue was at Rs 82.4 crore (Rs 824 million).
However, the company maintained that due to content-related issues, placement has been adversely impacted during the third quarter. “These issues have since been resolved with broadcasters,” it added.
Read more at: http://www.televisionpost.com/cable/hathways-carriage-revenue-drops-ebitda-narrows-to-rs-24-6-crore/ | TelevisionPost.com
Carriage revenue dropped to Rs 75.8 crore in Q3
Hathway’s carriage (placement fees) revenue stood at Rs 75.8 crore (Rs 758 million) in the third quarter of the fiscal. Carriage accounted for 32 per cent of the MSO’s total revenue. In the trailing quarter, Hathway’s carriage revenue was at Rs 82.4 crore (Rs 824 million).
However, the company maintained that due to content-related issues, placement has been adversely impacted during the third quarter. “These issues have since been resolved with broadcasters,” it added.
Read more at: http://www.televisionpost.com/cable/hathways-carriage-revenue-drops-ebitda-narrows-to-rs-24-6-crore/ | TelevisionPost.com
