Shemaroo's revenues from its digital operations saw a 13.2% YoY growth as its revenues from traditional media dipped by 54.1% YoY in Q3FY20. Revenue share of digital business increased from less than 10% in FY14 to over 30% in FY19. The company intensified its digital operations and expanded the market for its online streaming platform, ShemarooMe, in the quarter. [caption id="attachment_210713" align="aligncenter" width="702"] Increasing share of revenues from digital business. Source: Shemaroo[/caption] ShemarooMe, the company's online streaming platform (launched in India in February 2019), was launched globally in November 2019 and is now available in 150 countries and was made available on Cloudwalker TV, TCL, TV, Android TC globally and Roku devices in the US. It signed a strategic partnership with MX Player. Launches: 2 pre-loaded audio speakers: Amrit Bani and Sai Bhajan Vaani Gujarati Cinema (service on DTH) on Tata Sky Shemaroo MarathiBana, a free-to-air Marathi movies satellite channel, in December 2019 Shemaroo signed a content deal with Mubi, a London-based VoD streaming service [caption id="attachment_210711" align="aligncenter" width="529"] Growth in revenue from digital operations. Source: Shemaroo[/caption] Financials Revenue from operations: Rs 97.04 crore; a 35.5% QoQ decrease from Rs 150.2 crore in Q2FY20 and a 34.9% YoY decrease from Rs 148.9 crore in Q3FY19 Revenue from digital media: Rs 48.2 crore; a 13.2% YoY growth from Rs 42.6 crore in Q3FY19 Revenue from tradition media: Rs 48.8 crore; a 54.1% YoY decrease from Rs 106.3 crore in Q3FY19 Net profit: Rs 8.46 crore; a 56.4% QoQ decrease from Rs…
News
Shemaroo Q3FY20: Revenues from digital media up by 13.2% YoY even as traditional media’s drop by 54% YoY
Please subscribe to MediaNama. Don't share prints and PDFs.
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...