Sony India net falls 19% in fy24; ad revenue takes a big hit

Sony Pictures Networks India reports a 19% decline in net profit to ₹839 crore for FY24, accompanied by a 3% decrease in revenue to ₹6,510 crore. Despite a 7% rise in subscription revenue to ₹3,346 crore, advertising revenue fell by 11% to ₹2,912 crore. The planned merger with Zee Entertainment was terminated.