Star India Sports Losses Surge 45% Despite Revenue Growth In June Quarter

Star India's operating losses from sports rose by 45 per cent to $314 million in the June quarter, up from $216 million a year earlier, according to The Walt Disney Co's earnings report. However, revenue from sports saw an increase of 1 per cent, climbing from $277 million to $279 million.

"The increase in operating loss at Star India was due to higher programming and production costs attributable to the timing of the ICC T20 World Cup, a decrease in affiliate revenue due to lower effective rates, and growth in advertising revenue reflecting the timing of the ICC T20 World Cup," the company said.

Disney+ Hotstar experienced a slight decline in subscribers, dropping from 36 million to 35.5 million paid subscribers this quarter. Despite this, the platform's average monthly revenue per paid subscriber increased from $0.70 to $1.05, driven by higher advertising revenue.