Media company HT Media has reported digital revenues of Rs 24.93 crore for the quarter ended September 30, 2014, registering a 40% growth from Rs 17.81 crore in the same quarter last year and a 5.1% growth from Rs 23.72 crore in the previous quarter. The segment however reported increased losses: Rs 14.7 crore loss for the quarter as against Rs 10.29 crore loss in the same quarter last year and Rs 12.19 crore loss in the previous quarter. Lowest ever revenue growth for Shine.com According to the company presentation, HT Media’s job portal business Shine.com has registered a 28% year-on-year (YoY) revenue growth for the quarter, its lowest ever revenue growth since HT Media started disclosing Shine's revenue growth in Q1-FY13. Note that HT Media only discloses Shine's revenue growth on a yearly basis for each quarter and has never disclosed Shine's exact revenues. In the corresponding quarter last year, HT Media had mentioned that Shine.com had registered a 78% YoY growth whereas it had witnessed a 41% YoY growth in the previous quarter. In fact, Shine's revenue growth has always been above 50% excluding Q3-FY13 where it had reported a revenue growth of 30% YoY. On the other hand, HT Media's mobile marketing venture HT Mobile has registered a 54% revenue growth for the quarter, same as previous quarter. Digital contributes only 4.45% of HT Media's revenues It's also worth noting that digital revenues accounted for just 4.45% of HT Media's operational income that was at Rs 560.88 crore for the quarter. The company's newspaper & periodicals printing business still contributes a majority of its revenues, accounting for 91.1% of…
