Media company HT Media has reported digital revenues of Rs 23.72 crore for the quarter ended June 30, 2014, registering a 39.1% growth from Rs 17.05 crore in the same quarter last year and a 8.7% growth from Rs 21.82 crore in the previous quarter. The segment continues to report losses, athough there is some improvement: Rs 12.19 crore loss for the quarter as compared to Rs 17.04 crore loss in the same quarter last year. On the sequential basis, the losses however increased from Rs 7.58 crore in Q4-FY14. According to the company presentation, HT Media’s job portal business Shine.com has registered a 41% year-on-year revenue growth for the quarter while its mobile marketing venture HT Mobile has registered a 54% revenue growth for the quarter. The company however hasn't disclosed the exact revenues of these ventures. The contribution of digital revenues to the company's overall revenues is still quite small, although it is improving: It contributed for only 4.05% of the company's overall revenues for the quarter. In comparison, the segment contributed for 3% of the company's revenues in Q1-FY14 and 3.72% in the previous quarter. Investments During the quarter, HT Media made two investments in its subsidiaries. These include: - Rs 6 crore in equity shares of Ivy Talent India. Note that Ivy Talent India had signed a share subscription agreement to acquire up to 40% stake in MyParichay over the next three years, in February last year. - Rs 7.65 crore in equity shares of India Education Services Private Limited, a joint venture between HT Media Ltd and Apollo Global. Other Significant Details -…
