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Network18 Digital Commerce Revenue At Rs 104.4 Cr For Q2-FY14; Content At Rs 20.4 Cr

Network18's Digital Commerce revenues showed healthy growth for the quarter ending September 30th, 2013 (Q2-FY14), crossing the Rs 100 crore mark for the quarter, at Rs 104.4 crore, up 59.88% from Rs 65.3 crore for the same quarter last fiscal year, and 22.54% from the last sequential quarter. The content business declined marginally (5.99%) quarter on quarter, which is remarkably low, given how tough things have been with online advertising, and the company managed to report the same revenues for content as the corresponding quarter last year, at Rs 20.4 crore. The company hasn't disclosed segment EBITDA performance for E-commerce and content separately, and at a combined level, Digital Content and Commerce showed a lower EBITDA loss at Rs 9.3 crore for the quarter, a reduction of 78.62% from the last quarter (Q1-FY14) . The lack of disclosure continues, with Network18 choosing not do disclose losses at an EBITDA level for the same quarter last year, instead, disclosing EBITDA losses for the segment with Newswire18 (which was sold off) included. So, a year-on-year comparison for the quarter, at this level, isn't possible. Note that costs would have reduced substantially, and will possibly continue to be lower this (current) quarter, in comparison with the same quarter last fiscal, as Web18 laid off a substantial number of people. In a statement, Raghav Bahl, Managing Director, Network18 has said, "Even though the macroeconomic environment continued to be uncertain, the media and entertainment industry is well poised to deliver robust growth. During the current quarter,…

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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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