wordpress blog stats
Connect with us

Hi, what are you looking for?

HT Media Internet Revenues Up To Rs. 2.71 Crore For Q2-11

HT Media’s has reported revenues of Rs. 2.71 crore for its Internet business Firefly eVentures, which operates the jobs classifieds site Shine.com, education portal HT Campus and social networking portal DesiMartini.com. Quarter on quarter, revenues for the segment are up 35.5%, and 179.38% on a year on year basis, albeit small in comparison with its peers, and on a low revenue base. The Internet business remains a loss making one for HT Media: losses were up to Rs. 9.44 crore for the quarter, up 8% from Rs. 9.97 crore sequentially, but down 5.32% from Rs. 9.97 crore reported for the same quarter last year. Note that this doesn't include revenues for news websites that are associated with HT Media publications - Livemint.com and Hindustantimes.com The company does say that its job portal Shine is gaining revenue traction (which would explain the revenue growth), and that "new registrations close to the run rate of industry peers". If they're referring to Naukri.com (the only co which publishes this information quarterly), then that is around 13000 new registrations per day. No details on the Velti partnership, yet agan; just an everything-is-hunky-dory statement, that the JV "continues to gain momentum with increase in mobile ad campaigns." So it's not remarkable enough to be, well, remarkable. During the quarter, HT Media invested Rs. 8.5 crore in HT Digital Media Holdings Ltd in compulsory convertible debentures. HT Digital Media is the holding company of Firefly E-Ventures and HT Mobile (a 65:35 joint venture with mobile marketing firm…

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

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

Free Reads

News

The case dates back to 2019 when Spotify filed a complaint against Apple's anti-steering rules which prevented apps like Spotify from informing their users...

News

DIP contains information regarding cases detected as misuse of telecom resources and acts as a back-end repository of all requests received on the Sanchar...

News

Meta's transparency report reveals a sharp rise in GAC orders from India in January 2024, exceeding the overall monthly GAC orders sent in the...

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