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DB Corp’s revenues from digital biz dips 6.25% to Rs 15cr in Q3FY18

DB Corp, the publisher of dailies such as DNA, Dainik Bhaskar and Divya Bhaskar, reported revenues of Rs 15 crore from its internet business for the quarter ended December 31, 2017 (Q3 FY18). This represents a marginal dip of 6.25 % from Rs 16 crore in the same quarter last year. On a sequential basis, digital revenues increased by 36% from Rs 11 crore.

The segment reported a loss before tax of Rs 5 crore which is 39% higher from Rs 3.6 crore in the same quarter last year.

The contribution of ad revenues from the digital segment has decreased by 5.1% YoY at Rs 16.2 crore as compared to Rs 15.4 crore last year in the same quarter. Infact, ad revenues from print too reported a YoY decrease of 5.8% at Rs 400 crore. On sequential basis, it grew 7.7%.

The company’s print business still dominates its operational revenues, accounting for over 90% DB Corp’s operational income for the quarter with Rs 546 crore, which has decreased slightly by 4.2% from Rs 570 crore in the same quarter last year.

DB Corp launched Homeonline.com, a real estate portal last year in August, 2016. The website is live for Bhopal, Raipur, Indore, Jaipur, and Ahmedabad. The company claims that Homeonline.com recorded about 1.5 million sessions and about 7 million page views between April 2017 and December 2017.

Digital business highlights

– Unique visitors to their websites marginally decreased to 79.1 million in December 2017, compared to 80 million in December 2016.
– Pageviews stood at 1.3 billion for the month of December, 2017. Page views seem to have fallen down, as in its Q2 results, it reported pageviews of  1.7 billion for the month of September, 2017.

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

Other highlights

– Operational revenues stood at Rs 598.5 crore for the quarter ended December 31, 2017 (Q3 FY18), which represents an increase of 5.2 % on sequential basis and 4.6% decrease on YoY basis from Rs 627.2 crore.
– It reported net profit of Rs 78 crore, which represents QoQ decrease of 0.6 % from Rs 78.6 crore last quarter (Q2 FY18), and a YoY decrease of 34% from Rs 118 crore in the same quarter last year.

– Advertising Revenues dipped 6% YoY to Rs 426 crore as against Rs 453 crore in Q3 last year.

Download: Financial Results/Press Release

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