wordpress blog stats
Connect with us

Hi, what are you looking for?

Network18’s Digital & eCommerce Q3FY12: Revenue At Rs 58.4 Cr; Rs 32.2 Crore Loss

Following the restructuring of Network18′s companies, it has again reported results for Web18, HomeShop18 and Newswire18, under the Digital Content and eCommerce business segment, not indicating the profitability of individual businesses.

The segment has reported an operating loss of Rs 32.2 crore for the quarter ended 31st December 2011, on operating revenues of Rs 58.4 crore: a growth of 21% over the corresponding quarter last year, wherein revenues were at Rs 48.5  crore. Operating margin remained negative at -55% compared to last year’s corresponding quarter’s margins of -31%. The segment reported a loss of Rs 32.2 crore compared to a loss of Rs 15.3 crore during the same quarter, last year.

Download: Report



– According to a statement from the company Web18 which consists of Moneycontrol.com and In.com, reported revenues of Rs 26.3 crore, an increase of 21% over the corresponding quarter last year. Network18 has not reported operating expenses and profit for Web18, separately.
–  The company has not provided any information on the performance of Firstpost except that it launched Mumbai and Delhi digital editions.

Advertisement. Scroll to continue reading.

– The Moneycontrol.com iPad app was launched, which it says is a leader in its category, without a mention of the methodology.


– HomeShop18 recorded revenues of Rs. 21.3 crore for the quarter, a growth of 28% over the corresponding quarter last year on a proforma basis.
– Orders executed during the quarter grew by over 25% over the last quarter and 101% Year on Year.


Bookmyshow.com continued on a strong revenue growth trajectory and 1 million movie tickets are booked every month through the site.

Newswire 18

Advertisement. Scroll to continue reading.

Newswire18 has reported revenues of Rs. 10.8 crore for the quarter.


Written By

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



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

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