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BookMyShow reports 30% YoY growth in revenues in Q1FY17

Online ticketing platform BookMyShow has reported revenues of Rs 78 crore for the quarter ended June 30 (Q1 FY17), up 30% y-o-y from Rs 60 crore in the same quarter last year. The company said that it sold over 30 million tickets in Q1 FY17 compared to 22 million in the same quarter last year, registering a growth of 38%. This was announced during Network18's first quarter results. Network18 added that BookMyShow sold 4.93 million tickets for "Jungle Book" generating Rs 100 crore in box office revenue. BookMyShow's contribution to the movie was 40% (share of admits) and 45% of the revenue. Average pageviews grew 2.5 billion in Q1 FY17, a growth of 42% from the preceding quarter (1.8 billion pageviews). Network18 however did not mention the company's net profit or loss in the quarter. However, BookMyShow’s loss trebled to Rs 13.5 crore for the financial year ended March 2015, from Rs 4.03 crore in the preceding year. Read more here. Stripes Group Investment: Last week, BookMyShow raised Rs 550 crore from US-based private equity firm Stripes Group. Other existing investors – Network 18, Accel Partners and SAIF Partners – also participated in the round of funding. The Economic Times reported that this would value the company at more than Rs 3,000 crore. This is BookMyShow’s fourth round funding and its largest. It had raised Rs 150 crore from SAIF Partners and others in 2014. The company raised Rs 100 crore from Accel Partners in return for a minority stake in the company in August…

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