Entertainment Network India Ltd Q1 revenue up 3% as digital, events drive growth

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Entertainment Network India Ltd witnessed a 3% year-on-year increase in consolidated revenue, reaching ₹117 crore for the quarter ending June 30. Domestic revenue grew by 3.2%, driven by events, solutions, and digital segments. The digital business, including Gaana, showed significant growth, contributing 40.7% of core radio advertising revenue, while the company's cash reserves stand at ₹349 crore.