For the third consecutive quarter, streaming service Disney+ Hotstar lost subscribers. For the quarter ending June 2023, the video streaming service clocked a drop of 12.5 million subscribers, which makes up nearly one-fourth of its overall customer base. This marks the biggest loss in terms of subscribers suffered ever since Disney started to come clear … [Read more…]
Zomato, the Indian food delivery unicorn, today reported its second consecutive profitable quarter. With an EBITDA of ₹41 crore for Q2’FY24, this was a massive ₹233 crore improvement over the same quarter in previous year. This is the second time it is reporting a profit, with a surprising ₹2 crore profit reported in previous quarter. … [Read more…]
Paytm parent One97 has reported yet another decent financial quarter. The fintech giant, for the quarter ended September 2023, narrowed its quarterly losses, even as it witnessed a significant growth in its revenue. Paytm recorded a consolidated revenue of ₹2,519 crore in Q2, marking a remarkable 32% increase compared to the revenue of ₹1,914 crore … [Read more…]