The Quint records highest ever revenues of Rs 9.5 cr + for Q2

Quint Digital Media has reported strong Q2 FY2022 (September 21) performance, with the revenues shooting up by 50%+ as compared with Q1 FY22 (June 21). On a year-on-year basis, the revenues increased by over 80% as compared with Q2 FY2020 (September 20). With the increased economic activity, The Quint witnessed a faster and more widescale digital adoption across different sectors of the economy leading to a robust growth in revenue and profitability.

On a half-yearly basis, the revenues grew by over 90% over the same period during FY21. The EBITDA witnessed a positive swing by more than 400%. The quarter also witnessed The Quint continue its earnings growth with an EBITDA level of Rs 4.50 crore. It is a complete upturn in performance as compared with Q2 FY2021 (September 20), which saw an EBITDA level of Rs 1.03 crore.

Overall financial performance:

INR in 000

Particulars	Q2 – September 30, 2021	Q2 – September 30, 2020	Half year ended September 30, 2021	Half year ended September 30, 2020
Revenue from Operations	95,983	52,398	159,922	83,444
Other Income	5,030	(24)	9,186	3,263
Total Income	101,013	52,374	169,108	86,707
Employee benefit expenses	24,224	18,016	46,006	58,100
Finance cost	2,522	2,660	5,219	4,332
Depreciation and amortization expense	18,347	6,108	32,623	8,439
Other expenses	31,778	18,399	54,511	44,242
Total Expenses	76,871	45,183	138,359	115,112
Exceptional Items	-	5,736	-	5,736
Profit before tax	24,142	1,455	30,749	(34,141)
Tax expenses	5,836	(9,388)	7,540	(9,341)
Profit after tax	18,307	10,843	23,209	(24,800)

Audience engagement:

The audience footprint across the websites and digital platforms – including Facebook, Instagram, YouTube, Twitter, Snapchat, etc. – continued its strong momentum in the quarter. Some of the key data points, aggregated across the websites and digital platforms, include:

Description/ Period	15 months ending	Quarter 2	Quarter 1
Description/ Period	September 30, 2021	FY2021-22	FY 2021-22
Page Views	496.4 Mn	104.2 Mn	93.4 Mn
Video Views	1.11 Bn	298.4 Mn	261.1 Mn
Unique Viewers	997.4 Mn	313.5 Mn	291.5 Mn
Impressions	13.1 Bn	3.01 Bn	3.52 Bn

Source: based on data provided by platforms/ other agencies

The digital properties had nearly 16.03 million subscribers/ followers across various platforms at the end of Q2.

In the video space, as per Facebook Leader-board, The Quint is the only new-age digital media portal that is rubbing shoulders with traditional and legacy media players. The Quint has also secured a higher video interaction rate on Facebook as compared to some of the leading players within a short span of 6 years.

The Quint also featured at the 18^thposition on Feedspots list of 100 Top Indian News Websites. In due recognition of its position and content, The Quint also bagged two awards at the IMA South Indian Marketing Awards, 2021 – Gold in the branded content category and Silver in the branded content and podcast category.