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DB Corp’s internet revenues up 5% to Rs 11.9 Cr in Q2 FY19

DB Corp, the publisher of dailies such as DNA, Dainik Bhaskar and Divya Bhaskar, reported revenues of Rs 11.9 crore from its internet business for the quarter ended September 30, 2018 (Q2 FY19). This represents a marginal increase of 5% from Rs 11.4 crore in the same quarter last year. The segment shrunk its losses before tax by 85% year-on-year to Rs 10.1 crore from Rs. 71 crore the same quarter last year. The company's digital ad revenue increased marginally by 4.8% YoY to Rs 11.9 crore from Rs 11.4 crore same quarter last year. Last quarter, the YoY growth for digital ad revenue was 3.7%. Ad revenue: DB Corp's ad revenues from print saw a YoY increase of 4% at Rs 364 crore. - After Q2FY18, print ad revenues were adjusted for the impact of last year's festive season, print ad revenues in this quarter showed an increase of 17.4% YoY. - Print ad revenue accounts for 88% of the company consolidated revenue from advertising. Note that the company's radio advertisement grew the most out of all the segment ad revenue: 4.8% YoY, and 19% QoQ. Print segment: The company’s print and newspaper publishing business still dominates its operational revenues, accounting for over 91% DB Corp’s operating income at Rs 531 crore. The print and publishing segment revenue for the quarter represents an increase of 4% from Rs 510 crore in the same quarter last year. Digital business highlights DB Corp launched a new Dainik Bhaskar App, although it…

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