wordpress blog stats
Connect with us

Hi, what are you looking for?

Network18 revenues remain flat in Q4-FY16 at Rs 902.9 crore

Network18

Reliance Industries-owned Network18 has posted operational revenues of Rs 902.9 crore in the quarter ended March 31, 2016 (Q4 FY16), up by 7.3% YoY, from Rs 841.4 crore in Q4 FY15. In the preceding quarter, revenues stood at Rs 905.60 crore, a minor decline of 0.3%.

Net losses, however, widened marginally this quarter to Rs 3.7 crore from Rs 2.14 crore in the preceding quarter. Losses had been reducing at Network18. The company had reported a net loss Rs 27.43 crore in the quarter ended September 2015  (Q2 FY16).

Web operations

On a standalone basis, Network18’s web business reported revenues of Rs 13.81 crore. This was a decline of 8.72% from Rs 15.13 crore in the same quarter last year, and a decline of  4.5% from Rs 14.46 crore in the preceding quarter.

The segment reported a loss of Rs 7.19 crore compared to the profit of Rs 1.21 crore in the same period last year. In the preceding quarter, the segment reported a loss Rs 4.2 crore.

Media and film distribution operations

Network18’s media operations generated Rs 895.30 crore revenues, up 6.5% from Rs 840.62 crore in the same quarter last year. The company had reported media operations revenues of Rs 895.02 crore in the preceding quarter. Media operations accounted for 99.12% of Network18’s total revenues.

Film production and distribution business generated Rs 23.4 crore, as opposed to Rs 4.8 crore in the same quarter last year and Rs 10.57 crore in the previous quarter.

Operational highlights

– In April, Flipkart exec Manish Maheshwari  joined Network18 as the CEO of Web18, where he will lead digital and ecommerce assets, audience growth, content monetisation, business development, inorganic growth, mergers & acquisitions and product management.

– Earlier this month, IBNLive.com was rebranded as news18.com and the CNN-IBN channel will be rebranded as CNN News18. News18 was launched in January 2014, as a news site which focused on states, and aggregated news from the ETV Network, which the Network18 group had acquired. Now News 18 will be called Pradesh 18 and is available  in English, Hindi, Urdu, Gujarati and Bengali.

– Network18 attracted over 25 million unique visitors per month in Q4 FY16. Moneycontrol.com had 242 million average monthly page views and over 4 million average unique visitors per month. IBNLive registered close to 2.7 million average unique visitors per month, while Firstpost got close to 6.9 million average unique visitors per month and over 35 million average monthly page views.

– Firstpost mobile app introduced during the year gained 5.9 million average visitors per month along with 24 million average monthly page views.

– Bookmyshow had over 65 million visits on average per month in Q4 FY16. The average page views grew to 1.8 billion per month for the quarter. The BookMyShow wallet activations crossed 3 million users in this quarter.

– The customer base of Homeshop18 crossed 17.9 million in Q3FY16.

You May Also Like

News

Key takeaways Network18’s digital news revenue increased by 50% YoY for the second consecutive quarter Consolidated Net Profits grew 125% YoY Network18 Digital saw...

News

Netflix’s two day StreamFest in December 2020—where users in India could practically watch Netflix’s entire catalogue for free—brought millions of users to the service,...

News

Media company HT Media Limited posted a consolidated operational revenue of ₹341 crore, which is down 40% YoY and up 31% over the previous...

News

E-commerce marketplace IndiaMART InterMESH Ltd. reported a 34.5% increase in traffic on a year-on-year (YoY) basis, growing to 253 million in the quarter ended...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ