Shemaroo Entertainment Limited (NSE: SHEMAROO) unveiled its Q2 FY27 earnings, showcasing a significant 25.6% year-on-year growth in digital revenue, driven by robust B2B licensing deals and higher YouTube ad revenue. However, traditional media revenue declined by 21.1% due to the prolonged BARC blackout and delayed content investments by other broadcasters.

Digital Revenue Surge

The digital segment saw a remarkable 25.6% year-on-year growth, reaching INR 756 Mn in Q2 FY27, compared to INR 602 Mn in the same period last year. This surge is primarily attributed to increased B2B licensing deals and higher YouTube ad revenue. Notably, Shemaroo FilmiGaane surpassed 75 million subscribers, while Shemaroo Ent crossed the 62.3 million milestone this quarter, garnering approximately 9.6 billion views across its portfolio channels.

Traditional Media Struggles

In contrast, traditional media revenue experienced a marginal decline of 1.5% year-on-year, reaching INR 656 Mn in Q2 FY27, down from INR 831 Mn in Q2 FY26. The prolonged BARC blackout dampened advertiser sentiment and weighed on broadcast revenues. Additionally, other broadcasters’ delayed content investments led to deferred TV B2B licensing deals.

Strategic Measures for Future Growth

To navigate these challenges, Shemaroo Entertainment Limited is implementing strategic measures, including cost rationalization across the traditional business, increased investment and focus across the digital business, and disciplined content investments aimed at enhancing operational efficiency and safeguarding profitability. The company remains optimistic about the upcoming festive season, which is expected to boost advertising demand, although geopolitical uncertainties and increasing input costs may dampen advertiser sentiment and ad spends.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Shemaroo Entertainment Limited

Shemaroo Entertainment Limited belongs to the Communication Services › Entertainment sector. Here’s a quick read on where the business and the stock stand today.

Shemaroo falls 15.1% over three months and has not found a floor yet. Industry-leading margins of 31.4% reflect exceptional pricing power and operational efficiency. 5 loss quarters over five years is a serious red flag — earnings quality is poor and recovery is not guaranteed. RSI stands at 32, well into oversold territory. Yet sellers still dominated on 18 of recent sessions versus 12 for buyers, so the pressure has not fully lifted. Revenue grows at 1.3% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Shemaroo Entertainment Limited.

Affle 3i Limited (NSE: AFFLE), a global technology company, announced today that its subsidiary, Affle 3iL Ltd. (“Affle”), has signed a definitive agreement to acquire all outstanding shares of Perion Network Limited (“Perion”) at US$ 11.70 per share in an all-cash transaction for an implied equity value of ~US$ 420 million.

Strategic Acquisition to Enhance CPCU Business

This acquisition is expected to significantly strengthen Affle’s CPCU business by combining Perion’s established presence in upper funnel digital advertising channels in developed markets with Affle’s leadership in deeper funnel mobile marketing and AI-powered performance-led consumer conversions in emerging markets. The combined entity will deliver premium omnichannel advertising solutions across Retail Media, Connected TV (CTV), DOOH, and other digital channels.

Global Market Expansion

The acquisition underscores Affle’s commitment to expanding its global footprint and technology capabilities. With this deal, Affle will become a significant global omnichannel platform driving consumer conversions for thousands of advertisers across diversified industry verticals in 100+ countries. The transaction is anticipated to close in early 2027, pending regulatory and shareholder approvals.

Future Growth and Synergies

Affle plans to fund the acquisition through a combination of committed financing from banks and available cash resources. Post-acquisition, Affle expects to update Perion’s revenue recognition in view of the planned CPCU strategic transformation, leading to a significantly improved bottom line performance based on the immediate strategic synergies. The complementary technologies, planned business model transformation, and disciplined focus on profitability are expected to drive sustainable growth, making the acquisition accretive to earnings per share by the end of the first year following closing.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Affle 3i Limited

Affle 3i Limited belongs to the Communication Services › Advertising Agencies sector. Here’s a quick read on where the business and the stock stand today.

Affle moves sideways over three months, with neither buyers nor sellers taking control. Revenue grows at 23.6% and profits at 23.0% CAGR. Both numbers are exceptional. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock holds at 26% of its 52-week range with RSI at 38. In other words, neither side has a clear edge right now. The business grows revenue at 23.6% and profits at 23.0%, with D/E of 0.03. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 1.85 premium is usually justified. Check Fundamentals of Affle 3i Limited.

Affle 3i Limited (AFFLE) has reported robust performance for Q2 and H1 FY2027, showcasing significant growth in revenue and EBITDA. The company announced consolidated revenue from operations of INR 783.6 crore for Q2 FY2027, marking a 21.2% year-on-year (y-o-y) increase from INR 646.7 crore in Q2 last year. EBITDA stood at INR 181.4 crore, an impressive 24.2% y-o-y growth. EBITDA margin improved to 23.2%, up by 56 basis points y-o-y. PAT increased by 17.4% y-o-y to INR 129.8 crore from INR 110.5 crore in Q2 last year.

Half-Year Performance

In H1 FY2027, consolidated revenue from operations stood at INR 1,530.8 crore, an increase of 20.8% y-o-y. EBITDA was at INR 349.1 crore, an increase of 22.1% y-o-y, with EBITDA margin standing at 22.8%, up by 25 basis points y-o-y. PAT increased by 19.5% y-o-y to INR 258.2 crore. The CPCU business delivered strong momentum, with 12.9 crore converted users in Q2 FY2027, an increase of 18.2% y-o-y, taking the total converted users delivered in H1 FY2027 to 25.3 crore.

Looking Ahead

Commenting on the results, Anuj Khanna Sohum, the Chairperson, MD & CEO of Affle, said: “Affle continued its established growth trajectory in H1 FY2027. We achieved our 15th consecutive quarter of sequential topline growth, while registering our highest-ever quarterly revenue run-rate, EBITDA, PAT and consumer conversions. This performance reflects the strength of our differentiated CPCU business model in sustaining ROI for advertisers globally, despite prevailing geopolitical tensions, and regulatory and macroeconomic headwinds. As we progress towards our vision of 10X, we continue to advance on our ambition of building a globally scaled, AI-powered full funnel Consumer Platform Stack that delivers measurable value for advertisers through premium consumer conversions. Our focus remains on strengthening our competitive differentiation, deepening our presence across Developed and Emerging Markets, and expanding the capabilities of our platform across mobile, Connected TV and other Agentic/Autonomous Intelligent Connected Devices.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Affle 3i Limited

Affle 3i Limited belongs to the Communication Services › Advertising Agencies sector. Here’s a quick read on where the business and the stock stand today.

Affle moves sideways over three months, with neither buyers nor sellers taking control. Revenue grows at 23.6% and profits at 23.0% CAGR. Both numbers are exceptional. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock holds at 26% of its 52-week range with RSI at 38. In other words, neither side has a clear edge right now. The business grows revenue at 23.6% and profits at 23.0%, with D/E of 0.03. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 1.85 premium is usually justified. Check Fundamentals of Affle 3i Limited.