• The company is in the midst of a transition towards a subscription-based streaming model, temporarily depressing revenues.
• But the growth in paid subscribers and registered viewers is large.
• The company also has a large and growing number of national and international distribution deals.
• Valuation multiples are very modest, but risk-averse investors might want to wait a few quarters as debt and receivables are substantial.

Source: Eros International: An Emerging Indian Streaming King – Eros International Plc (NYSE:EROS) | Seeking Alpha