wordpress blog stats
Connect with us

Hi, what are you looking for?

Network18 E-Commerce revenues at Rs 125.3 Cr for Q4-FY14; Content at Rs 24.1 Cr

Network18′s digital commerce revenues remained nearly flat at Rs 125.3 crore for the quarter ended March 31, 2014 (Q4-FY14), from Rs 125 crore in the previous quarter, which was a holiday quarter. Given how lop-sided commerce can be in favour of the festive season, they seem to have done quite well. On a yearly basis, the digital commerce segment witnessed strong growth, with revenues up 53% from Rs 81.9 crore revenues reported in Q4-FY13. This includes revenues for the IPO-bound HomeShop18 and BookMyShow. We’re not sure if this includes revenues from travel portal Yatra.com as well. Combined revenues from digital content and commerce was at Rs 149.4 crore for the quarter, registering a 35% growth year-on-year (YoY). The operating loss improved to Rs 13.8 crore for the quarter from Rs 24.3 crore loss in the same quarter last year. The company however hasn’t disclosed segment-wise EBITDA performance for its digital commerce and content separately. Commerce accounted for 83.9% of Network18's digital content & commerce segment revenues, an increase from 83% contribution in the previous quarter. BookMyShow: Network18 mentions that the average monthly tickets sold grew by an average 86% to 2.9 million for the quarter from 1.6 million last year. Interestingly, the company had mentioned a similar number for the average monthly tickets sold by BookMyShow in the previous quarter. HomeShop18: Network18 hasn't disclosed any operational details for its TV and E-commerce company HomeShop18, except for a single statement - "Homeshop18 continued to deliver growth while improving operating efficiencies.". Note that the company had filed for a $75…

Please subscribe/login to read the full story.
Written By

Free Reads

News

The Bill allows the Attorney General or any district/ city attorney to seek injunctive or other equitable relief against a large online platform

News

The tech giant made it clear it doesn't share data from organizations using Azure OpenAI and Copilot to third-parties or use it to train...

Google

Among the selected organizations are Quill.org and the World Bank, both known for their work in AI-powered tools.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ