Akshay Kolekar

So, my question is on, basically, the content cost. For the last quarter, you are saying that INR80 crores to INR90 crores of content we have acquired for the whole year. But we see that on this quarter, like Q1, your total content cost is around INR40 crores. So is there any increase in the content cost in going onward next quarters? Or do we still maintain the INR80 crores - INR90 crores of content cost?

Okay. Got it. And my second question is on basically, as we see that the paid music subscription has been continually growing in India. So , do you expect that subscription revenue becomes a larger contribution than advertising -led revenue,likewhat will be the mix over a 3 to 5 years horizon? Like how much is for subscription-based and advertisement-based revenue?

Okay. And my question is on basically EBITDA margin. Like if you check historically also, so we have maintained around 65% to 70% of EBITDA margin, on a normalized level for a full year. So like due to a larger portion of content cost this year around 40%, we have EBITDA margin. So this EBITDA margin do we expect any structurally lower margin in the next quarter or going forward?