Entertainment Network (India) Limited — Investor Meet, 11-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

ENIL delivered a strong Q2FY26, with domestic revenue up 23.7% YoY to 135.4 Cr. Non-FCT grew 42.2% and Digital surged 149.5%, now contributing 33% of traditional business. EBITDA (ex-digital) stood at 20 Cr (19.3% margin). While radio ad sales were muted, diversified segments, especially events (+101%), drove performance. Management expects Gaana to breakeven by June-September next year, with digital investments reduced to 9.8 Cr. The company holds 344.7 Cr cash and aims for a 50:50 radio/non-radio revenue mix, seeing an industry shift to music subscriptions.