HT Media's digital business losses increased to Rs 42.51 crore in FY14 from 38.66 crore Year-on-Year (YoY), despite an increase in revenues by 42% to Rs 76.2 crore from Rs 53.77 crore in FY13. In Q4 alone, the losses from digital business reduced marginally to Rs 7.58 crore from Rs 7.6 crore QoQ and from Rs 8.12 crore YoY. Revenue for the last quarter of the financial year increased to 21.82 crore from 19.53 in Q3-FY14 and 14.61 in Q4-FY13. According to the company presentation, HT Media’s job portal business Shine.com has registered a 58% revenue growth year-on-year in the financial year. The company has not revealed the number of active users the service has at the end of the financial year. Its mobile marketing venture HT Mobile, also registered a revenue growth of 65% from FY13. Investments: - The company invested Rs 3.25 crore in Equity Shares of HT Education Limited. - Invested Rs 1.8 crore in Equity Shares of Topmovies Entertainment Private Limited. Other Significant Details - Readership of Hindustan Times stood at 4.34 million as per the recent IRS results, up from 3.82 million in Q4 FY13. However, do note that many key publishers had recently contested the IRS results. - Readership of Hindustan was at 14.25 million as per the IRS, up from 12.25 million YoY. - Mint readership was at 0.31 million as per the IRS, up from 0.22 million YoY. - Joint Venture on ‘Predictive Analytics’ professional certificate programmes in India, with the first programme to be launched…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...