RADIOCITY

What Music Broadcast promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 7 tracked 4 delivered 2 missed 1 open
  • EBITDA Margin delivered said Q1 FY26 Promised: A 'remarkable difference' in margins in the next two quarters. Q1 FY27: Promise was achieved in Q3 FY26 and is now closed.
  • Digital Business Growth went quiet said Q1 FY26 Promised: 15% to 20% growth going forward. Q1 FY27: Management stated digital revenue is 4% of total revenue, but did not provide a growth figure, effectively ghosting the original 15-20% growth promise.
  • EBITDA Margin on track said Q1 FY26 Promised: 20% overall margin profile in the next 3-5 years. Q1 FY27: EBITDA margin for Q1 FY27 was 20.0%, hitting the long-term target level for the quarter. This is a significant positive development, keeping the promise firmly on track towards being sustained.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 7 tracked commitments for Music Broadcast — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens