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DB Corp’s revenues from digital biz dips 17.8% to Rs 13.87cr in Q2FY18

DB Corp, the publisher of dailies such as DNA, Dainik Bhaskar and Divya Bhaskar, reported revenues of Rs 11.39 crore from its internet business for the quarter ended September 30, 2017 (Q2 FY18). This represents a dip of 17.8% from Rs 13.87 crore in the same quarter last year. On a sequential basis, digital revenues decreased by 5.6% from Rs 12.07 crore.

The segment reported a loss before tax of Rs 7.08 crore which is 5% higher from Rs 6.74 crore in the same quarter last year.

The contribution of ad revenues from the digital segment has decreased by 12.3% YoY at Rs 1.23 crore, while ad revenues from print reported YoY growth of 6.1% at Rs 350.3 crore.

The company’s print business still dominates its operational revenues, accounting for over 90% DB Corp’s operational income for the quarter with Rs 512.81 crore, which has increased slightly by 3.85% from Rs 493.78 crore in the same quarter last year.

DB Corp launched Homeonline.com, a real estate portal last year in August. The website is live for Raipur, Indore and Jaipur, and the company expanded to Ahmedabad recently and plans to expand in few new cities going forward, it said in a statement. The company claims that Homeonline.com witnessed about 38 lakh pageviews between April 2017 and September 2017.

Digital business highlights

– Unique visitors to their websites increased to 102 million in September 2017, compared to 57 million in September 2016.

– Pageviews stood at 1.7 billion for the month of September, 2017. Page views seem to have fallen down, as in its Q1 results, it reported pageviews of 1.9 billion for the month of June 2017.

– 10.9 million app downloads of Divya Bhaskar and Dainik Bhaskar.

Other highlights

– Operational revenues stood at Rs 568.3 crore for the quarter ended September 30, 2017 (Q2 FY18), which represents a decrease of 4.3% on sequential basis and 5.4% increase on YoY basis from Rs 539 crore.

– It reported net profit of Rs 76.86 crore, which represents QoQ decrease of 30% from Rs 110.27 crore last quarter (Q1 FY18), and a YoY decrease of 14.11% from Rs 89.49 crore in the same quarter last year.

– Advertising Revenues grew 6% YoY to Rs 396.6 crore as against Rs 374 crore in Q2 last year.

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