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Info Edge: Recovery in Naukri, 99acres with traffic and engagement up over last few quarters

In the quarter ended December 31, 2020, Info Edge India Ltd. saw recovery in Naukri and 99acres with traffic and engagement up over the last quarters. Naukri traffic hit an all-time high in the quarter, with registrations up 25%, unique applications up 25%, and usage up 15-20%. IT and ITeS verticals are driving recovery and others are recovering as well. 99acres saw improvement in demand for ready-to-move houses, with customer queries touching an all time high in Q3.   Naukri retained high market and traffic shares in recruitment search, despite curtailing in marketing spend. Investments in Jeevansathi have given an edge over competitors and is reflecting in growth in user base, the company claimed.   Check our update on Info Edge India Ltd, financials for Q3 here.  Recruiter, job seeker activity back on Naukri Billings: Rs 201.4 crore, down 4% YoY Revenue: Rs 189.5 crore, degrowth of 17% YoY  IIMjobs billings: Rs 6.6 crore, 35% growth YoY The vertical saw good recovery in collections and billings, with recovery across all sectors; IT and ITeS saw maximum growth, with recovery in telecom followed by pharmaceuticals, healthcare and real estate; there was slight recovery in travel and hospitality for the first time this year. On the job seeker side, new CV registrations were 15,000 per day, up 25% YoY. Average CV modifications stood at 440,000 per day, up 6% YoY and 11% in December compared to December 2019.  App downloads are up 30% YoY. Job seekers left the platform seekers during the months impacted by the…

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