NDTV Digital revenue up by 35% YoY in Q2 FY’17
Costs at NDTV Convergence were down from Rs. 119 crore to Rs. 105 crore in Q2 (YoY)
NDTV Convergence (ndtv.com) recently released its earnings for the quarter ended September 30, 2017. This has been the strongest-ever Q2 for Convergence with revenue climbing 13% over the same period last year to close at Rs. 34 crores. In what could easily be called a record performance, so far this year, the revenues of ndtv.com jumped 35% YoY as it earned Rs. 72 crores, beating the advertising slowdown induced by GST. Operating profits for the quarter ended September 30, 2017 is up by 50% on a YoY basis.
Coming to user base, NDTV Convergence is now tracking nearly 150 million unique visitors per month up by 62% on a YoY basis and also, mobile phone traffic has doubled since last year. Video views across platforms have crossed 100 million views per month. NDTV.com’s website on cars and bikes now has over 10 million unique visitors, making it one of the country’s fastest-growing sites in this genre.
NDTV Group, excluding e-commerce, is operationally almost break-even with EBITDA at Rs. -1crore while costs were down from Rs. 119 crore to Rs. 105 crore in Q2 (YoY).
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