wordpress blog stats
Connect with us

Hi, what are you looking for?

Network18’s digital revenue grew 7% YoY to Rs 49 Cr; MoneyControl Pro sees over 50% increase in subscribers: Q4FY19 earnings

Network18 reported consolidated revenue of Rs 1236 crore for the quarter ended March 31, 2019 (Q4FY19), a fall of 19.6% from the previous quarter and an increase of 46% year-on-year. Profit after Tax reduced by 197% over the previous quarter, and reduced by 92% year-on-year. The company’s revenue from “Web Digital, Print & Others” actually fell by 13% over the previous quarter to Rs 49 crore. Network18 digital claims to have 105 million unique visitors, and digital revenues grew 7% YoY to Rs 49 Cr, which was tepid since the lack of a Union budget impacted MoneyControl. Operating margin fell due to investments in the launch of FirstPost Print, and investments of Rs 17 crore in the relaunch and marketing around IPL for CricketNext. Other expenses were in the revamp of IN.com, and the expansion of MoneyControl into subscription models.

FY19 EBITDA was up 13% YoY despite investment of Rs 131 crore into new regional channels, the launch of FirstPost, and expansions in print and digital including Voot International & Kids and CricketNext.

Notes from digital business

  • Firstpost Print now offers subscription, a dedicated homepage for Print, product page and newsletter. It has partnered with Literature Live and Tedx, and bagged the rights to live broadcast their events and other digital content.
  • MoneyControl’s traffic in the news section increased 29% over the previous quarter, its subscription product ‘MoneyControl Pro’ has seen over 50% growth in subscribers over the last quarter, prompting the launch of four ‘premium content’ sections; the number of subscribers is unknown.
  • CricketNext‘s app went live in November last year, a marketing campaign campaign was undertaken around IPL to launch the brand. The website brought on board writers and contributors and included in-depth stats-based analysis, analytical columns, satire, etc.
  • Entertainment portal IN.com was relaunched in August last year.
  • News18 languages saw a 49% growth in viewership over the last quarter, “indicating the rising strength of the brand and the tailwinds in vernacular consumption in digital too, alongside broadcasting”.
  • BookMyShow saw 5 million app downloads this quarter; its foray into theatre continues as it is now collaborating for ‘Mughal e Azam’ for ticketing and production. It is managing ticketing for four IPL Teams – Rajasthan Royals, Chennai Super kings, Mumbai Indians & Kolkata Knight Riders – and venue accreditation management.
  • HomeShop18 “continues to face strong headwinds” and is closely monitored for sustenance, with increase in competition from e-commerce, rising channel distribution costs, and vendor supply issues. The focus has been on rightsizing costs, integration with ShopCJ, and improving contribution margin.
  • Viacom18’s OTT platform VOOT has seen gross downloads of 132 million, with an average daily viewership of over 45 minutes.

Read: Financials | Press Release

Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

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



The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like


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...


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...


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...


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...

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
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