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NDTV fuels digital growth, Group reports operating profit of Rs 2 crore

NDTV Convergence registered operating revenue growth of 32 per cent year- on- year. It has signed one of the largest ever digital revenue deals with Taboola  and is expected to earn between Rs 90-100 crore in three years

BestMediaInfo Bureau | Delhi | November 6, 2015

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NDTV Group has reported an operating profit of  Rs 2 crore compared to a loss of Rs 8.5 crore in the same period last year. NDTV standalone reports improved results, reduced its loss to Rs 7 crore in current quarter against a loss of  Rs 20 crore in the same quarter last year. NDTV Convergencere has registered an operating revenue growth of 32 per cent year-on-year. Teleweb System Metric for the period April to June 2015 shows www.ndtv.com featuring at number three among mobile sites just behind facebook and youtube.

NDTV Convergence signed one of the largest ever digital revenue deals with Taboola. The deal is expected to earn a total revenue between Rs 90-100 crore over a span of 3 years.

NDTV’s E-Commerce businesses reported a loss of Rs 13 crore as against a loss of Rs. 4 crore in the same period last year; having secured funding at a valuation close to $ 80 million for its gadgets and auto ecommerce play - Gadgets360.com is the country’s undisputed number 1 Gadget site with unique visitors crossing 25 million per month.

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