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via livemint.comBusiness & Companies

JioStar's Q2 profit falls 13% amid weak ad environment

FROM THE WIRE · LIVEMINT.COM

JioHotstar's monthly active users fell sequentially as the IPL season ended, but were up year-on-year.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishProfit decline tied to a weak advertising market, relevant for India's media sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01JioHotstar's monthly active users fell sequentially as the IPL season ended.
  2. 02On a year-on-year basis, monthly active users were still up.
  3. 03JioStar's second-quarter profit fell 13%.

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