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…
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