Media company HT Media has reported digital revenues of Rs 33.9 crore for the quarter ended September 30, 2015, registering a 36.14% growth from Rs 24.9 crore in the same quarter last year. On a quarter-on-quarter basis the digital segment grew 10.79% from Rs 30.6 crore in the preceding quarter. The losses in the segment however widened to Rs 18.35 crore compared to the loss of Rs 14.7 crore in the same quarter last year. The digital segment had reported losses of Rs 23.9 crore last quarter. Shine.com and mobile growth According to the company’s presentation, HT Media’s online job portal Shine.com has registered a year-on-year (YoY) revenue growth of around 41.3% in Q2 FY16 compared to Q2 FY15. Note, HT Media only discloses Shine’s revenue growth on a yearly basis for each quarter and has never disclosed Shine’s exact revenues. HT Media’s mobile marketing venture HT Mobile has registered a 61.4% YoY revenue growth for the quarter compared to Q2 FY15. It’s also worth noting that digital revenues accounted for just 5.24% of HT Media’s total income that was at Rs 647.2 crore for the quarter. The company’s newspaper & periodicals printing business still contributes a majority of its revenues, accounting for 83.14% of HT Media’s total income for the quarter. Financials – Total revenue up 8.8% to Rs 647.2 crore from Rs 594.8 crore in the same quarter last year. – Profit After Tax (PAT) declined 8.7% to Rs 48 crore from Rs 52.6 crore in Q2-FY15. This…
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