Media company HT Media has reported digital revenues of Rs 26.65 crore for the quarter ended December 31, 2014, registering a 36.4% growth from Rs 19.54 crore in the same quarter last year and a 6.9% growth from Rs 24.93 crore in the previous quarter. The segment however continued to report losses: Rs 14.4 crore loss for the quarter as against Rs 7.60 crore loss in the same quarter last year and Rs 14.70 crore loss in the previous quarter. Shine.com bounces back According to the company presentation, HT Media’s job portal business Shine.com has registered a 43% year-on-year (YoY) revenue growth for the quarter, as compared to a 28% YoY revenue growth in the previous quarter, which was also its lowest ever revenue growth since HT Media started disclosing Shine’s revenue growth in Q1-FY13. Note that HT Media only discloses Shine’s revenue growth on a yearly basis for each quarter and has never disclosed Shine’s exact revenues. On the other hand, HT Media’s mobile marketing venture HT Mobile has registered a 44% YoY revenue growth for the quarter, as compared to 54% in the previous quarter. Digital contributes only 4.40% of HT Media’s revenues It’s also worth noting that digital revenues accounted for just 4.40% of HT Media’s operational income that was at Rs 605.50 crore for the quarter. The company’s newspaper & periodicals printing business still contributes a majority of its revenues, accounting for 91.4% of HT Media’s operational income for the quarter. Financials – Total revenue up 5% to Rs 649.90 crore from Rs 618.95 crore in the same quarter last year. – Profit After…
