Corrigendum: This article, in its previous form, had incorrect data presented for FY08. The chart below and the post have been edited to reflect this correction. Thanks for pointing it out in the comments.
BookMyshow, the online ticketing venture from Big Tree Entertainment, in which Network18 owns a majority 60% share (read terms of the acquisition here), has consistently grown revenues over the last three years, emerging as one of the key businesses in the movie ticketing space in India.
However, it is yet to turn a profit, if data for Big Tree Entertainment, provided in Network18’s annual report is anything to go by: while revenue increased 127.9% from Rs 7.06 crore in FY08 to Rs 16.09 crore in FY11, losses reduced to Rs 0.41 crore from Rs 4.97 crore over the same four year period. A couple of quarters ago, Network18 had said that the BookMyShow had reported an EBITDA profit for the quarter. Note that we don’t know how BookMyShow accounts its revenues – whether it is accounting gross revenues inclusive of ticket sales, or only the commissions earned. Either way, for the market leader in movie ticketing, these are small numbers.
Data Source: BookMyShow Financials
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