Bigtree Entertainment, which operates the movie and event ticketing website BookMyShow, has reported revenues of Rs 127.6 crore for the year ended March 31, 2015 (FY15), up 51.9% from Rs 84.02 crore revenues reported in the previous year. The company’s loss has more than trebled to Rs 13.5 crore, from Rs 4.03 crore last year. In the last eight years, BookMyShow has reported a profit in two years: Rs 3.23 crore in FY13 and Rs 1.45 crore in FY12.
Network18 owns 39.35% in BookMyShow, down from 39.75% last fiscal. Before BookMyShow raised funding from Accel Partners, Network18 held 60% in the company, in FY12. Following that, Bigtree Entertainment raised Rs 150 crore from SAIF Partners and existing investors Accel Partners and Network18 in June 2014.
In February 2015, BookMyShow bought a majority stake in Eventifier for $2 million.
From the archives
BookMyShow CEO Ashish Hemrajani:
– On The PVR Deal, Mobile, Monopolies
– On Ticket Pricing, Refunds, Competition, Offline ticketing and more
Network18 mentions that BookMyShow has sold an average of more than 4.5 million tickets a month in FY15, with over 50% of the tickets now being bought via mobile. This up from the previous financial year, where 40% of the sales were via mobile, and the company sold around 3.5 million tickets per month.
– 42 million visits per month, up from 33 million the previous fiscal
– 17 million app downloads
– Does ticketing for 6 of 8 IPL (Club Cricket) teams.
– No update on number of registered users, but as of 31st March 2014, it was 7 million.
The company had then stated plans of using this investment to expand to smaller cities outside Tier I cities, strengthen its infrastructure and improve its mobile offerings.
BookMyShow hasn’t provided a split between money and non-movie tickets, but it added 40 cities (or towns) during the year, and the number of screens increased to 2800 from 2200 the previous year.