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Network18 E-Commerce Revenues Up 48.1% Up YoY At Rs 125 Cr; Content At Rs 24.7 Cr

Network18′s e-commerce revenues grew 19.73% quarter on quarter and 48.10% year on year to Rs 125 crore, for the three month period ended 30th December 2013 (Q3-FY14). This is a particularly key quarter for the commerce business, given the three month long festive season, spanning Diwali to Christmas, and with the opportunity of Google backed Great Online Shopping Festival for HomeShop18, and events and movie releases for BookMyShow.com. We're not sure if Network18's quarterly results include travel portal Yatra.com. The commerce segment is growing for Network18: last quarter, it had crossed the Rs 100 crore mark, and this quarter has seen another substantive increase. Commerce accounts for 83% of "Digital Content and Commerce" segment revenues for Network18.   Homeshop18 Note that we had heard from several HomeShop18 sources that the company was expected to report a profit this quarter, but that doesn't find a mention in the financial results. We've written to the company for a confirmation. If this is true, it will be the first quarter in which HomeShop18 reports a profit. We haven't yet heard back from HomeShop18 CEO Sundeep Malhotra on the role that Capital18 head Sarvbir Singh is playing at Homeshop18. The only statement we've got so far is "HomeShop18 continued to scale across key growth parameters while improving operating efficiencies." BookMyShow Network18 does say, however, that the operating losses for the segment increased q-o-q primarily on account of increased marketing spends at BookMyShow. Bookmyshow.com reported that the average tickets sold every month grew by 53% to 2.9…

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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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