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Network18 Reports Rs 32.2 Crore Loss In Digital & E-Commerce For Q1-FY13

The combined digital and e-commerce operations of Network18 stood at Rs 72.8 crore for the quarter ending June 30, 2012, up 7.7% from Rs 67.6 crores in the previous quarter and up 41% from Rs 51.7 crore in the corresponding quarter last year. Operating loss for the segment, which includes Web18, Homeshop18 and NewsWire18, increased to Rs 32.2 crore from Rs 31.2 crore loss in the previous quarter and Rs 25.4 crore loss in the corresponding quarter last year. The operating margin remained negative at -44% as compared to -46% in the previous quarter and -49% in the corresponding quarter last year. Digital Content Revenues Network18's digital content division reported revenues of Rs 16.7 crores during the quarter, marginally up from Rs 15.9 crores in the same quarter last year. The company said that Moneycontrol.com crossed 8 million monthly unique visitors in May, up from 7.8 million uniques in March, but doesn’t cite a source. - There is no information about the performance of In.com except that a brand new In.com was launched during the quarter and according to a company statement, it is now focused on becoming India's leading entertainment destination for youth. The company also launched IBNLive's iPhone app during the quarter. - Network18 has not provided any information on the performance of Firstpost, except for the fact that it celebrated its first anniversary. Digital Commerce Revenues Network18's digital commerce division reported revenues of Rs 44.6 crore during the quarter, up 79.8% from Rs 24.8 crore in the corresponding quarter last year. Although it's not…

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