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Network18 Reports 29.25% QoQ Increase In Commerce Revenues For Q3-FY13

Q3 (September to December) is a great quarter for commerce in India, with the festive season resulting in an increase in shopping. This is evident in Network18's results, which reported a 29.25% increase in e-commerce revenues to Rs 84.4 crore in Q3-FY13, in comparison with Q2-FY13, and an impressive 191% increase from Rs 29 crore reported for the same quarter last year. It’s not clear if this is the combined revenue of HomeShop18 and BookMyShow, since there is no break up for digital commerce revenues provided for the quarter. Network18 has said that Bookmyshow.com reported a high growth quarter, doubling year on year in terms of revenues. For HomeShop18, revenues grew at over 325% over the corresponding quarter last year: the company says that their margins are looking better, and the TV business is now generating operating profits. The group…

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

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

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