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DB Corp’s digital business revenue up by 21.03% in Q2FY17, launches Homeonline

DB corp

DB Corp, the publisher of dailies such as DNA, Dainik Bahskar and Divya Bhaskar, has posted digital business revenue of Rs. 14 crores for the quarter ending September 2016 (Q2FY17), up 21.03% Year-on-Year (Y-oY) from Rs. 11.6 crores during the same quarter last year (Q2FY16). The consolidated digital business revenue was at Rs. 26.3 crores for the year 2016-17, up 21.3% from Rs. 21.7 crores during the corresponding period last year (Q2FY16).

Digital business highlights:

  • The digital media businesses of DB Corps recorded 57 million unique visitors for the quarter ending September 2016 (Q2FY17), up 68% Year-on-Year (Y-o-Y) from 34 million unique visitors during the same quarter last year (Q2FY16).
  • The consolidated page views stood at 2389 million for the quarter ending September 2016 (Q2FY17), up from 758 million during the same quarter last year (Q2FY16).
  • The company reported 7.6 million app downloads for Dainik Bhaskar and Divya Bhaskar during the quarter ending September 2016 (Q2FY17).
  • The company launched its real estate portal, Homeonline.com in this quarter targeting potential home buyers in tier 2 & 3 cities. The website recorded 3.3 lakh page views and nearly 1 lakh unique visitors during the quarter ending September 2016 (Q2FY17).

Other highlights: 

  • The total revenue was reported to be at Rs. 532.8 crores for the quarter ending September 2016 (Q2FY17), up 9.7% Year-on-Year (Y-oY) from Rs. 485.8 crores during the same quarter last year (Q2FY16).
  • The total advertising revenue was reported to be at Rs. 374 crores for the quarter ending September 2016 (Q2FY17), up 9% Year-on-Year (Y-oY) from Rs. 343.3 crores during the same quarter last year (Q2FY16).
  • Radio business adverting revenue was reported to be at Rs. 29.9 crores for the quarter ending September 2016 (Q2FY17), up 24.6% Year-on-Year (Y-oY) from Rs. 24 crores during the same quarter last year (Q2FY16).
  • Profit After Tax (PAT) was reported at Rs. 88.5 crores for the quarter ending September 2016 (Q2FY17), up 55.9% from 56.8 crores during the same period last year (Q2FY16).
  • EBIDTA was reported to be at Rs. 154.7 crores for the quarter ending September 2016 (Q2FY17), up 33.2% from Rs. 116.2 crores during the same period last year (Q2FY16).

Other developments:

In August 2016, radio stations of media companies, HT Media and Dainik Bhaskar Group, partnered to create a sales alliance which will help advertisers reach a larger radio audience.

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