BusinessPhoto: Mint CompaniesJioStar Q2 Profit Drops 13% Due to Weak Ad Market
JioStar, Reliance Industries Ltd's entertainment arm, reported a 13% year-on-year decline in Q2 profits to ₹1,147 crore. Revenue rose 10% to ₹6,806 crore, but EBITDA fell nearly 14% to ₹1,502 crore, impacted by a weak advertising environment. Subscription and streaming revenue grew, while linear TV ad revenue remained in transition. Sports ad revenue increased due to cricket events. Monthly active users dropped to 440 million from 530 million in Q2.
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