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Fuelled by digital growth, NDTV Convergence registers operating revenue growth of 32%

Fuelled by digital growth, NDTV Convergence registers operating revenue growth of 32%

Author | exchange4media News Service | Friday, Nov 06,2015 9:45 AM

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Fuelled by digital growth, NDTV Convergence registers operating revenue growth of 32%

NDTV Group (before E-Commerce) has reported operating profit of Rs 2 crore compared to a loss of Rs 8.5 crore in the same period last year.

NDTV Standalone reports improved results, reduced its loss to Rs 7 crore in current quarter against a loss of Rs 20 crore in the same quarter last year.

NDTV Convergence registered operating revenue growth of 32% Y-o-Y.

Teleweb System Metric for the period April to June 2015 shows www.ndtv.com featuring at number three among mobile sites just behind facebook and YouTube. NDTV Convergence signed one of the largest ever digital revenue deals with Taboola. The deal is expected to earn total revenue of between Rs 90-100 crore over a span of 3 years.

NDTV’s E-Commerce businesses reported a loss of Rs 13 crore as against a loss of Rs. 4 crore in the same period last year. It secured funding at a valuation close to $ 80 million for its gadgets and auto e-commerce play

Gadgets360.com is the country’s undisputed number 1 Gadget site with unique visitors crossing 25 million per month.

Tags: NDTV | Q2

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