Network18′s Digital Commerce revenues increased significantly to Rs 85.2 crore for the quarter ending June 30, 2013 (Q1-FY14), a 91% growth from Rs 44.6 crore revenues in the same quarter last year and up 4% from Rs 81.9 crore revenues in the previous quarter. 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. The company however notes that BookMyShow revenues grew 45% year on year, while HomeShop18 continues to scale across key operating parameters, reporting a 210% revenue growth year on year (YoY). Earlier this month, BookMyShow had reported revenues of Rs 52.62 crore and a profit of Rs 3.23 crore for the year ended March 31, 2013 (FY13). On the other hand, HomeShop18 had reported total revenues of Rs 225.4 crore in FY13, up 89.4% YoY and had recorded increased losses of Rs 120 crore for FY13, a 11.8% increase YoY. However, Network18 hadn't disclosed the split between HomeShop18′s TV and online business. Digital Content Business Network18's Digital Content business recorded revenues of Rs 21.7 crore, registering a 30% growth from Rs 16.7 crore in Q1-FY13 but a 23.6% decline from Rs 28.4 crore revenues in Q4-FY13. However, its worth noting that the ad revenues for Web18′s content properties are typically high in Q4, since the Union Budget is announced during this quarter, and MoneyControl.com, Web18′s financial portal and the main source of its online advertising revenues does particularly well in this quarter. Also note that this overall revenue figure includes revenues generated…
