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Sun Tv Network Limited Latest News and Analysis | why it fell | Fundcode

Sun TV Network: A Deep Dive into its Performance by fundcode's Workspace OUTLINE: 00:00:00 Introduction to Sun TV Network Limited 00:00:18 Quarterly Results and Share Price Performance 00:01:20 Corporate Actions 00:01:50 Share Price Performance and Challenges 00:02:47 Conclusion Hello and welcome to today's video, where we will talk about Sun TV Network Limited, one of the largest media and entertainment companies in India. Sun TV Network operates 33 television channels in four languages, 72 FM radio stations, two daily newspapers, four magazines, and a video-on-demand platform. Sun TV Network has been in the news recently for its quarterly results and its share price performance. The company posted a 15.88 percent jump in its net profit for the third quarter of FY 2023-24, at Rs 445.54 crore, compared to Rs 384.50 crore in the same quarter last year. Its revenue from operations also increased by 17.26 percent to Rs 994.14 crore, from Rs 847.81 crore in Q3 FY 2022-23¹. However, the company's subscription revenue growth was lower than expected, at 5.34 percent year-on-year, and its ad revenue recovery was also slower than its peers, at 28 percent year-on-year². The company attributed this to the impact of the second wave of COVID-19 and the delayed launch of new shows and movies³. The company also announced some corporate actions, such as the approval of a scheme of amalgamation of Udaya FM Private Limited with Kal Radio Limited, a subsidiary of the company, and a composite scheme of arrangement for amalgamation of South Asia FM Limited, another subsidiary, with its joint ventures and associates⁴. These moves are aimed at simplifying the corporate structure and achieving operational efficiencies⁵. Despite the positive earnings and the corporate actions, the share price of Sun TV Network fell by 7 percent on Tuesday, January 16, 2024, to close at Rs 709.30 on the NSE⁶. The stock has been under pressure since it reported its Q2 FY 2023-24 results in November 2023, when it fell by 9 percent due to lower-than-expected revenue and margin performance⁷. The stock has also been facing some headwinds from the competitive landscape, as the company faces stiff competition from other players in the regional and national markets, such as Zee Entertainment, Star India, Sony Pictures Networks, and Viacom18⁸. The company also has to contend with the rising popularity of OTT platforms, such as Netflix, Amazon Prime Video, Disney+ Hotstar, and Zee5, which are attracting more viewers and advertisers. SUNTV share today, SUNTV share latest news, SUNTV share news, SUNTV share news today, SUNTV share latest news today, SUNTV share price, SUNTV share target, SUNTV share analysis, SUNTV share latest news live, SUNTV share news today live, SUNTV share results,