wordpress blog stats
Connect with us

Hi, what are you looking for?

, , , ,

Updated: Web18 Expects To Turn EBITDA Profit In Q4; Losses Up 18%

Nikhil adds: Network18 Managing Director Raghav Bahl said in an interview with group channel CNBC-TV18 that he expects Web18 to turn an EBITDA profit in the current quarter. Maybe a redesign a quarter for In.com does bring in the revenues… That said, Web18s operating loss has been regularly declining, at times on account of reduction in operating costs, at times due to increase in revenues.

Earlier: Web18, the Internet and mobile arm of Network18 group, has posted losses of Rs. 118.1 million, up 18% sequentially and down 44.3% year on year in the quarter ended December 2009. Revenues have risen 12.6% to Rs. 196.93 million from Rs. 174.96 million even as expenses have reduced 35.6% to Rs. 224.9 million, compared to the quarter ended December 2008. EBITDA losses have reduced to Rs. 28 million compared to the Rs. 174 million in December 2008. As MediaNama had reported first earlier this month, Lakshmi Narasimhan has taken over as CEO of Web18.

Web18 runs Network18’s portals including In.com, Moneycontrol.com, Ibnlive.com, Cricketnext.com, Tech2.com, Compareindia.com, Yatra.com, Bookmyshow.com, 51818 Mobile, Jobstreet.com, Poweryourtrade.com, Commoditiescontrol.com and Indiaearnings.com.

Details: Release | Financials

Key Developments During The Quarter

— Web18 outsourced their e-commerce business shop.in.com to Network18 group company Homeshop18

— In.com underwent a redesign in December with a new interface and additions to the content. It added a new music player in its “Listen” section, a careers sub-section within “Read”, added options to the “Download” section.

Advertisement. Scroll to continue reading.

— In.com will shortly be launching enhancements within its “Mail” service as well as provide messenger services to users.

— It launched Moneycontrol Newscenter to aggregate premium content from the site’s partners such as Forbes India, Overdrive, Chip, Entrepreneur and Network18 company Newswire18.

– Moneycontrol launched the beta version of its premium personal financial tool called Money Manager in association with Intuit Alliance.

— IBNLive.com launched special profile pages and a corporate section.

In.com Catching Up With Indiatimes?

The company claims its In.com portal is catching up to Times Internet (Indiatimes) in terms of unique visitors to the website, quoting Comscore data in October-November 2009. But we don’t know how reliable this information is: MediaNama doesn’t endorse Comscore, since they haven’t disclosed their methodology for India. Interestingly, Web18 has not published the other Comscore graph with traffic details which it did last quarter, when it claimed to be the #2 in India.

Advertisement. Scroll to continue reading.


Lakshmi Narasimhan Is Web18’s New CEO

E-Commerce Restructuring At Web18; Some Execs Asked To Leave

Network18 To Cut Operational Costs By 20%

FY09: TV18 Posts Losses Of Rs. 1.6B; Revenue Up 23%; Key Developments

Advertisement. Scroll to continue reading.
Written By


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



India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...


There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data


Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.


The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.

You May Also Like


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...


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...


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...


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...

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
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