Amagi Media Labs (AMAGI) Q4 21/22 earnings summary

Executive summary

• FY22 consolidated revenue from operations was INR 4,323.28 Mn; net loss was INR 3,125.47 Mn, with employee share-based compensation a major expense driver.

• Standalone revenue from operations was INR 3,317.12 Mn versus INR 1,821.81 Mn in FY21; standalone net loss was INR 3,357.46 Mn versus profit of INR 117.20 Mn.

Financial highlights

• Consolidated total income was INR 4,343.65 Mn and expenditure INR 7,310.04 Mn; FY21 comparatives were INR 2,211.66 Mn and INR 1,979.40 Mn, respectively.

• Standalone employee benefits expense rose to INR 4,421.60 Mn from INR 485.16 Mn, including ESOP expense of INR 2,243.78 Mn and SARS expense of INR 1,218.15 Mn.

• Standalone basic and diluted loss per share was INR 3,274 for FY22, compared with basic EPS of INR 114 and diluted EPS of INR 20 in FY21.

Segment performance

• Operations comprised television advertising services, cloud-enabled broadcasting and targeted content delivery; advertising-related services were identified as the primary business segment.

• Standalone FY22 revenue by customer location: US INR 2,556.94 Mn, UK INR 474.70 Mn, rest of world INR 218.38 Mn and India INR 67.10 Mn.