wordpress blog stats
Connect with us

Hi, what are you looking for?

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…

Please subscribe/login to read the full story.
Written By

Free Reads

News

"We believe the facts and the law are clearly on our side, and we will ultimately prevail," the company said on the enactment of...

News

Zuckerberg expressed confidence in monetizing AI through methods like ads and paid access to larger models, leveraging Meta's successful history with scaled technologies.

News

The data leakage comes on the same day as the Reserve Bank of India (RBI) restricted Kotak Mahindra Bank from onboarding customers over online/mobile...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

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