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…
