New Delhi, Jan. 17 -- JioStar, the Reliance-controlled media and entertainment company, reported a higher sequential revenue from operations in the December quarter, driven by strong growth in subscription income across digital platforms and television, and a rise in digital advertising led by the expansion of connected TV as well as new film and web-show launches.
JioStar's third-quarter revenue rose 11.6% quarter-on-quarter to Rs.6,896 crore, while its profit before tax fell 32.2% to Rs.898 crore. Earnings before interest, taxes, depreciation, and amortization, or Ebitda, fell to Rs.1,303 crore versus Rs.1,738 crore in the previous quarter.
During the October-December quarter, average monthly active users (MAU) on the company's digita...
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