wordpress blog stats
Connect with us

Hi, what are you looking for?

ALTBalaji reports Rs 1.2 crores in revenues, Rs 18.1 Cr loss for Q2-FY18

ALTBalaji has reported revenues of Rs 1.2 crores for the quarter ended 30th June 2017, up 50% from Rs 0.8 crores in Q1 FY18. Loss after tax for the business was Rs 18.1 crores, up over 10 times from Rs 1.8 crores in Q1 FY17. Q2 EBITDA was at a loss of Rs 19.2 crores. ALT Balaji said its gross billings for the year are now at Rs 3.2 crores, up 60% from Rs 2 crores at the end of the last quarter. Note that the percentage growth is at a low base.

During the quarter, Nachiket Pantvaidya, CEO of ALTBalaji, took on the additional role of Group COO of Balaji Telefilms.

The company had investments of Rs 179.9 crores in Mutual Funds. It reported an other income of Rs 1.2 crores for the quarter.

The service was launched on April 16th 2017, and thus figures are not comparable to last year, especially since there were no revenues. ALTBalaji has increased investment and begun “expensing content and marketing spend”, the company said in an investor presentation. It says that it has invested Rs 125.2 crores so far in the business, as of 30th September 2017, but plans to follow “a very controlled cash burn linked to subscriber revenue growth”.

Operational data:

Advertisement. Scroll to continue reading.
  • 8.3 million app downloads (excluding direct downloads from its website). This was 4.2 million at the end of June 2017.
  • 270 million+ Minutes of Video consumed. This was 160 million minutes at the end of June 2017.
  • 100,000+ Daily Active Users. No comparative data is available for June 2017.
  • 97 minutes average watch time per user (Average time per subscribed user is calculated based on minutes consumed per active session of use). This was 72 minutes at the end of June 2017.

Note that in September, ALTBalaji did a deal with Vodafone for Vodafone Play. Telco deals usually deliver high viewer numbers but tend to contribute much less, in terms of ARPU. One data point that ALTBalaji hasn’t updated in its results is of the number of users completing a full series. This was 125,000+ at the end of June 2017.

Content added during the quarter included original shows like Class of 2017, Cybersquad, Pammi Aunty and over 25 hours of stand up comedy in Hindi, Marathi, Gujarati and Punjabi. ALTBalaji claims to have one of the largest collection of original comedy videos (outside of Youtube) in Hindi and other Indian regional languages. In an earlier presentation to investors, Balaji Telefilms had pitched that it would launch a new show every fortnight, at around 32 new shows for the year, for the first year, apart from having over 100 hours of kids content.

Results: Financials / Presentation

Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

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...

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...

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

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...

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