Discovery Communications FY23 profit flat at Rs 68 crore
Discovery Communications India (DCI) reported a net profit of Rs 68 crore for 2022-23, up 1.49% from Rs 67 crore in the previous financial year.
The company, which operates 18 TV channels and the Discovery+ streaming platform, reported a 9.59% revenue growth to Rs 1,055 crore, while expenses decreased 9.6% to Rs 975 crore.
DCI's advertising and promotional expenses declined 25% to Rs 290 crore, while employee benefit expenses increased 29% to Rs 195 crore during the fiscal. Business intelligence platform Tofler sourced the company's financials through regulatory filings.
DCI is a significant player in factual entertainment and children's genres, with brands including Discovery Channel, Animal Planet, Pogo and Cartoon Network.
ET's queries emailed to DCI remained unanswered till press time.
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
