NDTV records 35% YoY jump in its digital revenues in H1 FY18
NDTV Group has reported record digital performance for the second quarter ended September 30, 2017. NDTV Convergence continues to be profitable, hitting record EBITDA for this quarter and half year.
NDTV Convergence revenues have gone up by 35 per cent in the half year ended September 30, 2017 on a YoY basis.
Operating profit for Q2 FY2018 is up by 50 per cent on a YoY basis.
NDTV Convergence is now tracking nearly 150 million unique visitors per month, up by 62 per cent on a YoY basis. Mobile phone traffic has doubled since last year. Video views across platforms have crossed 100 million views per month.
The NDTV Group, excluding e-commerce, is operationally almost break-even, reporting an EBITDA of Rs -1crore. The Group has rationalised its costs, bringing them down from Rs 119 crore to Rs 105 crore in Q2 FY2018 (YoY).
Gadgets360.com is now the 11th biggest tech site in the world, placing it in the same class as Techcrunch, Engadget, The Verge and Wired. Gadgets360.com’s audience in India is more than double that of its nearest competitor.
The Group’s website on cars and bikes now has over 10 million unique visitors, making it the country’s fastest-growing site in this genre.