IANS LIVE-DAILYHUNT PARENT VERSE INNOVATION CLOCKS 7 PC TOTAL REVENUE DIP IN FY24, HALVES EBITDA LOSS
April 30, 2025
Fixtures

No live matches found !

Result29 April 2025
Match 48
DC
DC
190/9 (20 ov)
KKR
KKR
204/9 (20 ov)
KKR won by 14 runs
Result28 April 2025
Match 47
RR
RR
212/2 (15.5 ov)
GT
GT
209/4 (20 ov)
RR won by 8 wickets
Result27 April 2025
Match 46
DC
DC
162/8 (20 ov)
RCB
RCB
165/4 (18.3 ov)
RCB won by 6 wickets
Result27 April 2025
Match 45
MI
MI
215/7 (20 ov)
LSG
LSG
161/10 (20 ov)
MI won by 54 runs
Result26 April 2025
Match 44
KKR
KKR
7/0 (1 ov)
PBKS
PBKS
201/4 (20 ov)
No result
Result25 April 2025
Match 43
CSK
CSK
154/10 (19.5 ov)
SRH
SRH
155/5 (18.4 ov)
SRH won by 5 wickets
Result24 April 2025
Match 42
RCB
RCB
205/5 (20 ov)
RR
RR
194/9 (20 ov)
RCB won by 11 runs
Result23 April 2025
Match 41
SRH
SRH
143/8 (20 ov)
MI
MI
146/3 (15.4 ov)
MI won by 7 wickets
Result22 April 2025
Match 40
LSG
LSG
159/6 (20 ov)
DC
DC
161/2 (17.5 ov)
DC won by 8 wickets
Result21 April 2025
Match 39
KKR
KKR
159/8 (20 ov)
GT
GT
198/3 (20 ov)
GT won by 39 runs
Result20 April 2025
Match 38
MI
MI
177/1 (15.4 ov)
CSK
CSK
176/5 (20 ov)
MI won by 9 wickets
Result20 April 2025
Match 37
PBKS
PBKS
157/6 (20 ov)
RCB
RCB
159/3 (18.5 ov)
RCB won by 7 wickets
Result19 April 2025
Match 36
RR
RR
178/5 (20 ov)
LSG
LSG
180/5 (20 ov)
LSG won by 2 runs
Result19 April 2025
Match 35
GT
GT
204/3 (19.2 ov)
DC
DC
203/8 (20 ov)
GT won by 7 wickets
Result18 April 2025
Match 34
RCB
RCB
95/9 (14 ov)
PBKS
PBKS
98/5 (12.1 ov)
PBKS won by 5 wickets
Result17 April 2025
Match 33
MI
MI
166/6 (18.1 ov)
SRH
SRH
162/5 (20 ov)
MI won by 4 wickets
Result16 April 2025
Match 32
DC
DC
188/5 (20) & 13/0 (0.4)
RR
RR
188/4 (20) & 11/2 (0.5)
DC won by superover
Result15 April 2025
Match 31
PBKS
PBKS
111/10 (15.3 ov)
KKR
KKR
95/10 (15.1 ov)
PBKS won by 16 runs
Result14 April 2025
Match 30
LSG
LSG
166/7 (20 ov)
CSK
CSK
168/5 (19.3 ov)
CSK won by 5 wickets
Result13 April 2025
Match 29
DC
DC
193/10 (19 ov)
MI
MI
205/5 (20 ov)
MI won by 12 runs

Dailyhunt parent VerSe Innovation clocks 7 pc total revenue dip in FY24, halves EBITDA loss

Dailyhunt parent VerSe Innovation sees 30 pc revenue dip in FY24

Bengaluru, March 26 (IANS) VerSe Innovation, the parent company of Dailyhunt, has reported a decline in revenue for the financial year 2024 (FY24), as the company's total revenue dropped by 7 per cent to Rs 1,261 crore in FY24, from Rs 1,356 crore in the previous fiscal (FY23).

According to its financials, the company's EBITDA shrank by 51 per cent during the same period, decreasing from Rs 1,448 crore to Rs 710 crore.

Despite the revenue decline, VerSe Innovation highlighted cost reductions in key areas.

The company's cost of services fell by 17 per cent to Rs 1,155 crore, while business promotional expenses dropped by 65 per cent from Rs 969 crore to Rs 339 crore during the last fiscal year.

VerSe Innovation is optimistic about its growth prospects. The company expects a revenue increase of over 75 per cent in FY25, surpassing the anticipated 10-15 per cent growth in India's digital advertising sector.

Building on the operational discipline and platform strength achieved in FY24, VerSe is entering FY25 projecting revenue growth to exceed 75 per cent, significantly outpacing India’s digital advertising industry, which is projected to grow at 10–15 per cent.

The company has also expanded its revenue streams beyond advertising through acquisitions.

In April 2024, it acquired global digital newsstand acquired Magzter, with a library of more than 8,500 premium magazines and newspapers, for an undisclosed sum.

In August, it took a majority stake in Valueleaf Group, a data-driven digital marketing firm, to strengthen its ad exchange platform for Indian advertisers.

Additionally, VerSe is focusing on commerce-driven initiatives, such as connecting influencers with brands through VerSe Collab and monetizing live-streaming through virtual gifts and tips for creators.

The company has raised over $2 billion in funding to date, according to reports.

In April 2022, it secured $805 million in a funding round led by the Canada Pension Plan Investment Board and the Ontario Teachers' Pension Plan Board, valuing the company at approximately $5 billion.