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Network18 posts Rs 12.2 Cr loss on revenues of Rs 831.9 Cr in Q3-FY15

RIL owned Network18 has reported a net loss of Rs 12.15 crore for the quarter ended December 30, 2014 (Q3-FY15), up from Rs 11.72 crore loss in the same quarter last year but a significant improvement from Rs 36.47 crore loss in the previous quarter. The company's total operational revenue also increased to Rs 831.9 crore for the quarter, up 14.3% from Rs 727.6 crore in the same quarter last year and up 11.7% from Rs 744.8 crore in the previous quarter. Network18 however notes that the consolidated results of the current quarter are not comparable to the corresponding quarter last year, since it includes results from Equator Trading Enterprises (and its subsidiaries Panorama Television & Prism TV) that became a wholly owned subsidiary of Network18 in January last year and Eenadu Television that became an associate company in the same month. Digital Business During the quarter, IBNLive also launched a sports property called 'FootballNext'. This is IBNLive's second sports brand after CricketNext was merged into the site in February 2013. The company also merged back Firstbiz to the parent site Firstpost. More on that here. That being said, we're not sure on how Network18's digital content business is performing, since it has stopped releasing financial information related to its digital content and commerce business, after the takeover by Reliance Industries. Operational details - Network18 claims to have a monthly average reach of approximately 25 million unique visitors for the first two months of this quarter, citing comScore numbers for Oct 14-Nov 14. Interestingly, this has remained same from the previous quarter. - IBNLive.com, Firstpost.com and News18.com together got…

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