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Tips Music
Tips Music (TIPSMUSIC) investor relations material
Tips Music Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary19 Jan, 2026
Executive summary
Strong content usage momentum across platforms, supporting 20% revenue growth guidance and an upward revision of PAT growth guidance to 25% for the year, up from 20% previously.
Operates a large music catalogue in over 25 languages, distributed globally across digital platforms, with 145.3 million YouTube subscribers and a focus on the Indian subcontinent and diaspora.
Maintains a debt-free balance sheet with ₹303 crore in cash and investments as of Q3FY26.
Unique in expensing 100% of content cost in the quarter of release, supporting transparent financials.
Unaudited financial results for the quarter and nine months ended December 31, 2025, were approved and reviewed with an unmodified conclusion by statutory auditors.
Financial highlights
Q3 FY26 revenue was INR 94.29 crore, up 21% year-over-year from INR 77.7 crore in Q3 FY25.
Operating EBITDA grew 34% to INR 74.5 crore, with margins improving to 79% from 72% year-over-year.
PAT for Q3 FY26 was INR 58.7 crore, up 33% from INR 44.2 crore, with PAT margins at 62%.
Nine-month FY26 revenue reached INR 271 crore, a 17% increase from INR 232 crore in the prior year period; nine-month PAT was INR 137.5 crore, up 16%.
Basic and diluted EPS for Q3FY26 at ₹4.6, up from ₹3.5 in Q3FY25.
Outlook and guidance
Revenue growth guidance for FY26 maintained at 20%, with PAT growth guidance revised upward to 25%.
Content cost for FY26 expected to be around 18%, lower than the initial 25% guidance due to a movie release shifting to next year.
For FY27, content cost is expected to rise to 25-28% as more content is acquired and released.
Industry subscription revenue is growing at 40-50% CAGR; paid subscribers expected to more than double in three years.
Digital advertising in India projected to grow at 19% CAGR through CY2026, with digital media to account for 61% of total ad spend.
Explain the New Labour Codes' impact on costs
What is the trend in music content investment?
What drives the high PBT margin?
Shorts monetization timeline and revenue impact?
Strategy to close India's volume-to-revenue gap?
Impact of 100% content expensing on PAT?
FY27 content spend impact on PAT growth
YouTube Shorts revenue share model timeline?
Strategies for long-term catalog monetization
Partial view of Summaries dataset, powered by Quartr API
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Next Tips Music earnings date
Q4 25/2623 Apr, 2026
Tips Music
Next Tips Music earnings date
Q4 25/2623 Apr, 2026
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Frequently asked questions
Tips Industries Limited is an Indian company primarily engaged in the entertainment industry, focusing on music and film production. The company operates one of the largest music labels in India, managing an extensive catalog that includes thousands of songs across various genres. In addition to music production and distribution, Tips Industries is also involved in film production, having produced several Bollywood films. The company is headquartered in Mumbai, Maharashtra, and its shares are listed on the NSE.
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