Eros Share Discussion Threads

[njb67] 13/4/2017 20:42

I would pay attention to their definition of a paying customer. In the past it included folk who had made one small payment as a one off transaction. It does not appear to be a reliable proxy for recurrent revenue.

[blusteradjuster] 13/4/2017 20:26

One more thing:

The CEO forecasts a doubling in a year to 5m paying subscribers by end-March 2018.

Suggests end-March 2017 paying subscriber base numbers 2.5m - up from 2m at end-2016.

I shouldn't have to be making educated guesses like this!

[blusteradjuster] 13/4/2017 20:22

I think they had:

1.1m subscribers end-June 2016
1.32m subscribers end-Sep 2016
2m subscribers end-December 2016

Those $5/$35 yearly spends take place over a year (monthly fee?) so the subscriber cashflow hasn't really got going yet in published results.

They need provide more visibility by properly breaking down subscriber numbers/spend with the FY figures...I'm not overly hopeful they will.

[loglorry1] 13/4/2017 20:04

The problem is that even with current user numbers if we were to believe EROS then their streaming business should be throwing off cash. However the business never seems to create cashflow. Recievables just grow and grow as does net debt.

[markhowes] 13/4/2017 19:19

"If EROS can be believed".

There you go - you got it in one.

[blusteradjuster] 13/4/2017 18:42

85% of 5 million is 4.25m paying $5/year = $21.25m/year
15% of 5 million is 0.75m paying $35/year is $26.25m/year

If EROS can be believed, that's annual revenues from ErosNow of around $50m a year out.

I would think these revenues are almost all profit?



Partnerships with phone companies will help garner 5 million paying users for Eros Now by March 2018, Chief Executive Jyoti Deshpande said in an interview on Monday.

About 85 percent of Eros Now customers are in India, where the company says it records $5 in average revenue per user a year. The rest typically pay $35.

[smurfy2001] 31/3/2017 15:47

MUMBAI: In the past three months, the share price of media and entertainment company Eros International MediaBSE 1.59 % has gained a whopping 65% as opposed to 17.3% gain in ET Media Index. The sharp rise is on hopes of a possibility of fund raising by the company .

However, such a sharp rise does not seem to reflect the company's lacklustre performance in the nine months to December 2016. Its revenue in this period fell by 7% year-onyear to Rs ,234 crore. In addition, the company's line up of films has not been impressive enough to evince such a high investor interest in the stock. The release date of one of its crucial Hindi film Sarkar 3 has been repeatedly postponed.

There is also concern cited by analysts regarding its revolving credit facility payment. Under this arrangement, the company has a pay ment of $115 million due this month and it has been exploring options to raise funds.

[smurfy2001] 31/3/2017 15:30

Interesting tweets here.

[holts] 30/3/2017 10:02

hxxps://geoinvesting.com/eros-associated-execs-explain-launder-money-through-films/

[holts] 23/3/2017 08:08

I recall Oliver butt doing a piece on the bonds with many suspicions some time ago

hxxp://www.fixedincomeinvestor.co.uk/x/analysis.html?type=bond-of-the-week&cat=analysis-comment&y=2015&aid=1415

[lonrho] 22/3/2017 21:14

Its funny how the US holding company is near its twelve month low but the main Indian subsidiary is at a multi month high on the Indian market.

[foot in mouth] 22/3/2017 19:04

It is telling how all the cash just seems to disappear.........

[smurfy2001] 22/3/2017 10:41

Yeah doesn't inspire confidence really. Been out a long time myself.

[rivaldo] 22/3/2017 09:58

"Cash crunch" and big film release postponed at EROS following the complete failure of the recent bond issue. If I wasn't out long ago I certainly would be now:

[foot in mouth] 28/2/2017 00:10

I finally sold out here today after many years invested. The latest results stank. They seem to report a profit every year but the debt keeps pilling up.......money seems to disappear. They've been promising jam tomorrow for years. Is it seriously so difficult to roll out their product?? Maybe they should apply for Dragon's den and have the job completed in a few months. Doesn't nearly everyone have a smart phone in India?? Maybe there is some truth to all those financial irregularity allegations?? I'll watch from the sidelines passively.......but I just can't buy their story any longer. All IMHO, DYOR.

[blusteradjuster] 22/2/2017 23:20

50% growth in paying subscribers (680k) reads well.

No real indication of revenue, margin and profitability of said subscribers though.

Does seem like critical mass is building however.

[blusteradjuster] 22/2/2017 23:17

Eros Now has over 58 million registered users worldwide across WAP, App and Web.

Eros Now crossed 2 million paying subscribers2 in December 2016, three months ahead of its full year target.


Eros Now has integration deals around the world with over 20 different telecom operators and nine different OEMs and connected devices.

Apple has featured the Eros Now app in its “App Store Best of 2016”.

Over the past four months Eros Now has digitally premiered more than 15 films from the Eros International new release slate.

Eros Now has entered into a strategic partnership in India with several leading electronic payment platforms including Paytm, Mobikwik, SBI Buddy and Freecharge which enable Eros Now subscribers to make easy and hassle free payments using the e-wallet service.

On an aggregate basis these platforms reach over 260 million e-wallets in India.

[foot in mouth] 14/2/2017 23:39

Very quiet on here!

Nice rise today though. Perhaps the start of a long-awaited turn around?

[blusteradjuster] 15/11/2016 09:09

For the jam tomorrow investor - the key bits are below. It would help if they broke down those subscribers according to how much they contribute to EROS' top-line.

Eros Now has 55 million registered users worldwide across WAP, App and Web.

Eros Now has 1.32 million paying subscribers2, which represents 20% growth over last quarter.

The Company believes that it remains on track to cross two million paying subscribers by the end of FY 2017.


2 Paying subscribers means any subscriber who has made a valid payment to subscribe to a service that includes the Eros Now service either as part of a bundle or on a standalone basis, either directly or indirectly through a telecom operator or OEM in any given month be it through a daily, weekly or monthly billing pack, as long as the validity of the pack is for at least one month.

[rivaldo] 15/11/2016 09:01

Hmmm...looks like I made the right decision in selling!

The Q2 group results were extremely poor, with a net loss overall, leading to a 15% share price fall yesterday:



EROS will remain on my watchlist. With a few successful films, and if EROSNOW starts to provide good revenues, there's still lots of upside, but in the meantime the share price may continue to drift/fall for a period whilst uncertainty prevails.

[rivaldo] 10/11/2016 14:49

I sold on the bell at the open in the USA today, as:

- the share price was at recent highs
- the £/$ was at an exceptionally favourable rate, which may (or may not) continue
- EROS' Indian subsidiary has just announced their Q2 results. These are not very good relative to last year, and in particular net debt has doubled since the year end.

The main companies' Q2 result may well be different/better, but I don't want to take the chance, especially as the market wouldn't take kindly to a poor cash flow performance imo.

Good luck all - I'll be back in if it drops significantly and the latest film releases perform extremely well with cash flow improving.

[rivaldo] 28/10/2016 11:33

Another box office winner for EROS last month:

[rivaldo] 19/10/2016 15:34

That's very impressive news - the large Indian diaspora in the Middle East must be crying out for Indian content whilst they're away from home.