NDTV’s digital business revenues jump 65% to Rs 38 cr in Q1 FY18
NDTV’s digital business has enjoyed spectacular growth in the first quarter ended June 30, 2017. Revenues jumped by 65 per cent to Rs 38 crore from Rs 23 crore in the same quarter last year. Profit after Tax improved to Rs 7 crore, compared to a loss of Rs 3 crore in the same quarter last year.
NDTV Convergence now has 135 million unique visitors a month, which is more than 100 per cent increase over the same period last year.
The group EBITDA improved by Rs 19 crore, compared to same quarter last year. EBITDA from Television & Digital segments achieved break-even in this quarter.
The Group EBITDA loss was reduced from Rs 21 crore last year same quarter to Rs 2 crore in the current quarter due to improved contributions from the digital business, cost reduction initiatives, improved productivity and reduction of losses in e-commerce business.
The company launched Rail Beeps, a new offering which allows users the fastest possible experience in tracking updates on their railway bookings. The product currently tracks live data on over 12,000 Indian trains, and allows users to discover the best trains, organise all their routes and trips in one place.