wordpress blog stats
Connect with us

Hi, what are you looking for?

BookMyShow posts Rs 4.03 Cr loss in FY14; Revenue up 59.3% YoY

Bigtree Entertainment which operates the movie and event ticketing website BookMyShow, has reported revenues of Rs 84.02 crore for the year ended March 31, 2014 (FY14), up 59.3% from Rs 52.76 crore revenues in the previous year. The company however posted a loss of Rs 4.03 crore for the year, as compared to a profit of Rs 3.23 crore in FY13 and a profit of Rs 1.45 crore in FY12. Tickets Sold: Network18 mentions that BookMyShow has sold an average of more than 3 million tickets every month in FY14, registering a 67% growth over FY13. More than 40% of the company's sales now comes from their mobile offerings. While the company hasn't provided any split between its movie ticketing and non-movie ticketing business, BookMyShow CEO Ashish Hemarajani had earlier told Medianama that non-movie ticketing contributes to about 40%-45% of BookMyShow’s revenues. In terms of transactions, it’s however still skewed towards movie ticketing with non-movie ticketing accounting for about 20% of the company’s total transactions. In terms of user metrics, BookMyShow claims to have seven million registered users as of March 31, 2014 and registered an average of 33 million visits per month. Network18 Stake: Network18 held 39.75% stake in Bigtree Entertainment as of March 31, 2014, however it's worth noting that Bigtree Entertainment had raised Rs 150 crore from SAIF Partners and existing investors Accel Partners and Network18 in June this year. Network18 had mentioned that this investment values BookMyShow at more than Rs 1,000 crore. The company had then stated plans of using this investment to expand to smaller cities…

Please subscribe/login to read the full story.
Written By

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

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ