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…

Please subscribe/login to read the full story.
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.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

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...

Advert

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...

News

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...

News

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...

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
Name:*
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