ET Rise
12,119.00-129.25
Stock Analysis, IPO, Mutual Funds, Bonds & More

BookMyShow parent’s loss narrows, topline rises

Revenue rose by more than 52% to cross Rs 619 crore for fiscal 2019, up from Rs 406.09 crore in FY 2017-19, as BppkMyShow recorded growth across multiple verticals, including live events, online ticket bookings and software, and turnkey ticketing solutions.

ET Bureau|
Updated: Dec 11, 2019, 12.16 PM IST
0Comments
BCCL
bookmyshowBCCL
The strong results for fiscal 2019 come days after the company spun off its Southeast Asia business in Singapore while also raising capital from Jungle Venture Partners for the new entity.
NEW DELHI: Big Tree Entertainment, which owns and operates online entertainment ticketing platform BookMyShow, has narrowed its loss for financial year 2018-19, while its topline went up by more than 52% over the 12 month period ended March 31, 2019.

On a consolidated basis, the Mumbai-based company reported net loss of Rs 115.19 crore, down almost 30%, compared to the year ago fiscal’s net loss of Rs 161.44 crore.

Untitled
Total expenses, which includes employee benefit and marketing costs, among others, rose by 30% to Rs 733.55 crore over the same period. Revenue rose by more than 52% to cross Rs 619 crore for fiscal 2019, up from Rs 406.09 crore in FY 2017-19, as the Mumbai-based company recorded growth across multiple verticals, including live events, online ticket bookings and software, and turnkey ticketing solutions.

The strong results for fiscal 2019 come days after the company spun off its Southeast Asia business in Singapore while also raising capital from Jungle Venture Partners for the new entity, as reported by ET in its edition dated December 4. BigTree Entertainment is in the process of closing a new $100 million financing round with American multinational investment bank Goldman Sachs.

Run a business? Take part in India's definitive ranking for Micro, Small & Medium Enterprises

Also Read

BookMyShow separates SE Asia Arm

Amazon, BookMyShow ink 5 year deal

Jungle Ventures makes undisclosed investment in BookMyShow’s Southeast Asia business

When rough weather flipped BookMyShow CEO's boat during racing regatta event in UK

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service