Quint Digital Media Limited (QDML) Records INR 80.62+ Crore Revenue for FY23
Quint Digital Media Limited (QDML) is India’s only pure-play, multi-brand, digital media, and media-tech company. QDML’s consolidated revenues for FY23 increased to INR 80.62+ crores, witnessing a growth of 31+% over the same period in FY22 (INR 61.55 crores).
The Quint’s standalone revenues for FY23 grew by a healthy 20% to INR 44.72 crores; FY22 revenues stood at INR 37.16 crores.
There was an increase in profitability and EBIDTA on a sequential and full-year basis in a tough economic environment.
Media-tech operations of Quintype continued their phenomenal growth; revenues increased by 150% to INR 22.49 crores in FY23 (FY22 revenues stood at INR 9 crores).
The company successfully completed the divestment of a 49% stake in BQ Prime to AMG Media for INR 47.83 crores. Cash and cash equivalents as on 31 March 2023 stood at INR 156+ crores.
The company successfully completed the Rights Issue and raised INR 125 crores from shareholders. The Rights Issue received 1.21X bids, demonstrating the trust reposed by shareholders in the company and its management.
The audience footprint across the websites and digital platforms – including Facebook, Instagram, YouTube, Twitter, Snapchat etc. – continued its strong momentum. Page views witnessed a growth of ââover 39% over FY22. Further, the digital properties had nearly 23 million subscribers/followers across various platforms at the end of FY23.
The Quint won 7 awards from the World Association of News Publishers (WAN-IFRA) at the South Asian Digital Media Awards 2022, including the Champion Publisher of the Year Award. It also won several other prestigious recognitions at India Audio Summit and Awards 2023, afaqs! Vdnonxt Awards, and more.
