Music to your ears. Music to my ears. π΅π΅πΆπΆ
Saregama Q3 result key takeaways:
1. Carvaan sales have picked up to 1.41 cr. But no new capital allocation here. QIP money deployed into music only.
In b/w lines:
No marketing spends on Carvaan.
Saregama Q3 result key takeaways:
1. Carvaan sales have picked up to 1.41 cr. But no new capital allocation here. QIP money deployed into music only.
In b/w lines:
No marketing spends on Carvaan.
Still multi quarter high sales volume. All the 700cr raised in QIP will only be deployed into music streaming & artiste management.
Wait what?
Wait what?
Look at the the right side of this pic. This is 1st time saregama has talked about entering artiste management space. They want to find & nurture young talent, give them saregama songs & then get a share of their earnings when they perform in real life. Interesting.
2. 25-30% growth guidance intact.
In b/w lines: As per my calculations the quarter on quarter growth in music streaming has been flat in last 3 years. Management did not confirm or deny the stats I presented.
In b/w lines: As per my calculations the quarter on quarter growth in music streaming has been flat in last 3 years. Management did not confirm or deny the stats I presented.
They did say that they expect to grow 25-30% including inorganic (some of the 700cr QIP can be used to do inorganic acquisition). Any move to paid subscription will be additional growth.
3. Paid subscription is a large opportunity.
In b/w lines: When asked how much of their revenue comes from subscription & how much from ad they mentioned that almost none of it comes from paid subscription. World wide there are 50 million paid subs.
In b/w lines: When asked how much of their revenue comes from subscription & how much from ad they mentioned that almost none of it comes from paid subscription. World wide there are 50 million paid subs.
This shows the size of opportunity.
Example given was that if subscription fees was 100 rupees. Saregama's share would be 50 rupees. If one listens to 100 songs a month this would be a 5x upside from the 10 paisa they get currently.
Example given was that if subscription fees was 100 rupees. Saregama's share would be 50 rupees. If one listens to 100 songs a month this would be a 5x upside from the 10 paisa they get currently.
@ishmohit1 1.41 lakh (number of units sold). Each unit costs 3000 rupees approx.
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