Network18 Media & Investments Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 21,660.8 million compared to INR 19,249.6 million a year ago. Revenue was INR 19,006.6 million compared to INR 16,749 million a year ago. Net loss was INR 76.8 million compared to net income of INR 971 million a year ago. Basic loss per share from continuing operations was INR 0.07 compared to basic earnings per share from continuing operations of INR 0.94 a year ago.
For the nine months, sales was INR 55,355.4 million compared to INR 49,449.8 million a year ago. Revenue was INR 48,146.8 million compared to INR 42,980.7 million a year ago. Net loss was INR 474.9 million compared to net income of INR 1,456.9 million a year ago. Basic loss per share from continuing operations was INR 0.46 compared to basic earnings per share from continuing operations of INR 1.41 a year ago.