Asianet News Digital registered positive EBITDA for the second consecutive year.
Asianet News Digital has managed to steer its digital business towards profitability. Asianet News Digital stated this is primarily due to its high revenue growth along with strict measures of optimisation of resources across various departments in the organisation.
In the current financial year, Asianet News Digital is recommitting its profit margins to fuel its expansion plans of going national and global in the upcoming quarters.
It is also introducing several new products leveraging generative AI, machine learning, and first-party data to enhance user experience.
Samarth Sharma, Chief Operating Officer, AMEL, said, “We are proud to deliver positive EBITDA for the second year in a row despite the macro-economic instability during the year. This is largely due to our growth in revenue and audience, which stem from the ability of our teams at Asianet News Digital to operate with a high degree of efficiency and to remain adaptable to the changes in market conditions. Would also like to thank our client and vendor partners, as without their support this would not have been possible. Extremely confident of scoring a hat-trick next year as we reinvest our profits in our people and strategic projects.”
Neeraj Kohli, Chief Executive Officer, AMEL, said, “I want to express my gratitude to our talented workforce for this remarkable accomplishment. We have always propagated sustainable growth through positive unit economics with our ARPUs being among the best in the industry. Being EBITDA positive for the second consecutive year has given us the confidence to push through new initiatives that focus on increasing the audience reach and engagement while delivering unparalleled value to our stakeholders."