Coming off a strong festive season, Network18's Digital Commerce revenues declined only marginally (around 3%) at Rs 81.9 crore for the quarter ended March 31st 2013 (Q4-FY13), down from Rs 84.4 crore the previous quarter. Given how lop sided commerce can be in favor of the festive season, they've done quite well; year on year, Network18 showed strong growth in its commerce business, with revenues up 126.87% from Rs 36.10 crore reported for Q4 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. Combined revenues for the quarter from Digital Content and Commerce were Rs 110.4 crores, registering a growth of 200%, over the corresponding quarter last year (adjusted for the sale of Newswire18). Digital Content Business Network18's Digital Content operations recorded revenues of Rs 28.4 crores for the quarter, growing by 43.43% year on year from Rs 19.8 crore for the same quarter last fiscal, and 26.79% quarter on quarter from Rs 22.4 crore. What's notable here is that the advertising revenues for Web18's content properties will typically be high in this quarter since the Union Budget is announced in Q4,and MoneyControl.com, Web18's financial portal and main source of online advertising revenues, does particularly well in this quarter. Note that this overall revenue figure includes revenues generated from its digital properties including moneycontrol.com, in.com, ibnlive.com and firstpost.com. What Network18 hasn't reported in the results is that it appears to have…
Network18 Digital Commerce Revenues At Rs 81.9 Crore, Content At Rs 28.4 Crore For Q4-FY13
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