wordpress blog stats
Connect with us

Hi, what are you looking for?

HT Media’s digital revenues grew 43% YoY to Rs 38 Cr in Q3FY16

Media company HT Media has reported digital revenues of Rs 38.21 crore for the quarter ended December 31, 2015, registering a 43.38% growth from Rs 26.65 crore in the same quarter last year. On a quarter-on-quarter basis the digital segment grew 12.68% from Rs 33.91 crore in the preceding quarter. The losses in the segment also decreased to Rs 11.07 crore compared to the loss of Rs 14.42 crore in the same quarter last year. The digital segment had reported losses of Rs 18.35 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 23.1% in Q3FY16 compared to Q3FY15. 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 81.6% YoY revenue growth for the quarter compared to Q3 FY15. It’s also worth noting that digital revenues accounted for just 5.4% of HT Media’s total income that was at Rs 708.2 crore for the quarter. The company’s newspaper & periodicals printing business still contributes a majority of its revenues, accounting for 76.6% of HT Media’s total income for the quarter. Financials - Total revenue up 9% to Rs 708.2 crore from Rs 649.9 crore in the same quarter last year. - Profit After Tax (PAT) increased 9.4% to Rs 80.9 crore from Rs 73.9 crore in Q3FY15. This was due…

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

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

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