Foxconn, and Apple’s biggest iPhone assembler, reported on Monday that its January revenue rose 3.16% on year.
Foxconn said it sees strong growth in the first quarter, compared with the year-ago period, adding that it has better visibility for the first quarter than it did a month ago. Reuters
Shares of Sun TV Network Ltd. declined as much as 7% in Monday’s trading session, weighed down by the company’s disappointing December quarter earnings, which saw margin pressure and a decline in advertising revenue.
Global brokerage firm CLSA has a ‘Hold’ rating on Sun TV and has slashed its price target to ₹670 per share, citing Q3 standalone revenue coming in below estimates, with the miss led by a decline in advertising revenue.
The brokerage said that the company’s subscription revenue saw a modest 2% year-on-year growth.
Sun TV’s margin was further dragged down by the launch of Sun Neo, its Hindi channel.
Additionally, the company secured the winning bid for one of the eight franchise teams in a cricket league in the UK.
Nuvama has also trimmed Sun TV’s FY26 and FY27 earnings per share estimates by 8.4% each, given the company’s weak Q3 performance, particularly in ad revenues.
According to Nuvama, Sun TV has a strong regional presence. However, while national players such as Zee have successfully entered the southern market, Sun TV’s expansion into the northern market needs to be more strategic. That said, with increased viewership, Nuvama expects the bandwidth to widen, while the advertisement revenue base remains robust.
The brokerage mentioned that Sun TV needs to ramp up its presence in the OTT segment. At present, it is recycling linear and movie content for OTT. The company must take a more aggressive approach in creating original content and acquiring movie rights for its OTT platform, in addition to marketing efforts, to capitalise on the fast-expanding digital media segment and strengthen its competitive position.
Nuvama has revised its price target for Sun TV to ₹955 from ₹1,040 earlier while maintaining a ‘Buy’ rating on the stock.
The South India-based broadcaster reported a 20% year-on-year decline in net profit, at ₹363 crore for the quarter. Revenue from operations also fell 10.4% to ₹827.6 crore.
Advertisement revenue declined to ₹332.17 crore, lower than the ₹355.43 crore recorded in Q3 FY24. The drop in ad revenue particularly impacted the broadcaster’s operational performance, with EBITDA margin sharply eroding to 53.7% in Q3 from 63.8% in the year-ago period.
Sun TV declared an interim dividend of ₹2.5 per share. This is in addition to a dividend of ₹5 per share declared at its board meeting in August 2024.
Sun TV shares are currently trading 3.89% lower at ₹607.10. The stock is down 12% so far in 2025. CNBC-TV18
Streaming services have become a crucial part of entertainment today. This is the reason why many broadband providers now bundle subscriptions to platforms like Netflix and Disney+ Hotstar with their plans.
Why not buy OTT subscriptions alone?
The answer to this is simple- the more the better. OTT subscriptions when bought alone are less cost-effective in comparison to the bundled ones. With the latter, you generally get access to multiple OTT subscriptions along with internet access, free router and installation. The Disney Hotstar subscription starts at Rs 299 per month while Netflix for TV starts at Rs 499. If you’re looking for the most budget-friendly broadband options that come with free Netflix and Hotstar OTT subscriptions, here are some of the best plans from Jio, Airtel, and ACT Fibernet.
JioFiber Rs 599 plan for Disney Hotstar
Jio offers a broadband plan at Rs 599 (plus GST), which provides high-speed internet at 30 Mbps with 1000 GB of data. Along with the data benefits, this plan offers a Disney+ Hotstar subscription, along with access to 10 other OTT platforms.
JioFiber Rs 888 plan for Netflix
For users looking for free access to Netflix along with Hotstar, Jio’s Rs 888 plan (plus GST) is a better option. It offer unlimited data at 30 Mbps and includes a Netflix subscription along with 12+ other OTT platforms.
ACT Fibernet Rs 665 plan for Disney Hotstar
ACT Fibernet’s Rs 665 per month plan offers an internet speed of 50 Mbps with 750 GB of data. The plan also includes a free router and a subscription to Disney+ Hotstar, Zee5, and 400+ live TV channels.
ACT Basic Combo 2 Plan
This is another more comprehensive entertainment package that offers 50 Mbps speed and 1000 GB of data. It includes subscriptions to Netflix, Disney+ Hotstar, Zee5, YuppTV, and 400+ live TV channels, along with a free router.
Airtel Broadband Rs 599 plan for Disney Hotstar
Airtel’s Rs 599 plan provides up to 30 Mbps speed along with more than 350 HD TV channels. Users also get a free 3-month Disney+ Hotstar subscription and access to 20 plus OTT platforms. Additionally, Airtel provides a free router and installation for advance payment customers with the plan for first time buyers.
Airtel Broadband Rs 1599 plan for Netflix
Airtel’s Rs 1599 plan provides speeds of up to 300 Mbps, along with access to Netflix, Amazon Prime, Disney+ Hotstar, and 20+ other OTT platforms. It also includes 350+ HD TV channels. Financial Express