Operating revenue fell 19% year-on-year to Rs 266 crore from Rs 329 crore, while subscription revenue declined 41% to Rs 161 crore from Rs 273 crore. EBITDA swung to a loss of Rs 109 crore from a profit of Rs 73 crore in the corresponding quarter last year.
Total expenses rose 46% to Rs 375 crore from Rs 257 crore. Cost of goods and services increased 56% to Rs 239 crore, while personnel costs rose 4% to Rs 44 crore. Other expenses, including selling and distribution expenses, increased 50% to Rs 92 crore.
The company said the operating environment continued to reflect structural shifts in the media and entertainment industry, driven by changing consumer viewing habits, increasing digital adoption, content fragmentation and heightened competitive intensity.
Against this backdrop, Dish TV continued its strategy of evolving from a traditional DTH operator into a connected entertainment platform, with a focus on strengthening its VZY ecosystem and customer engagement.
Dish TV said it remains focused on accelerating its transformation into a connected entertainment company through continued investment in technology, customer experience and strategic partnerships.
Its priorities for the coming quarters include scaling the VZY Smart TV ecosystem across priority markets, strengthening the integration of DTH, OTT aggregation and connected devices, expanding regional entertainment and sports-led offerings, improving content discovery and accessibility, and building strategic partnerships.
Manoj Dobhal, CEO and Executive Director, Dish TV India, said the company remained focused on strengthening its core DTH business while building a connected entertainment platform. He said the company believes India's entertainment market will increasingly be defined by convergence rather than substitution, with television, streaming and connected experiences integrated under the VZY platform.
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