THE QUINT, the only pure-play listed digital media company, continues with its stellar performance

BUSINESS

Records highest ever revenues of INR 9.5Cr + for Q2 and INR 16 Cr for the half-year ended September 30, 2021 

Revenues increase by 80% and EBITDA witnesses a positive swing of more than 300% on a YOY (Q) basis

 

Quint Digital Media Limited (QUINT, BSE 539515), India’s leading digital media company and only new-age digital-first news operator listed on an Indian stock exchange, published its results for the quarter and half-year ended September 30, 2021 today.

Highlights of financial performance:

  • With the increased economic activity, The Quint witnessed a faster and more widescale digital adoption across different sectors of the economy leading to a robust growth in revenue and profitability.

 

  • The Quint witnessed a very strong Q2 FY22 (September 21) performance with the revenues shooting up by 50%+ as compared with Q1 FY22 (June 21). On a year-on-year basis, the revenues increased by over 80% as compared with Q2 FY20 (September 20).
  • On a half-yearly basis, the revenues grew by over 90% over the same period during FY 21 and the EBITDA witnessed a positive swing by more than 400%.
  • The quarter also witnessed The Quint continue its earnings growth with an EBITDA level of INR 4.50 Cr. It is a complete upturn in performance as compared with Q2 FY21 (September 20) which saw an EBITDA level of INR 1.03 Cr.

Overall financial performance is summarized below:

INR in 000

Particulars Q2 –

September 30, 2021

Q2 –

September 30, 2020

Half year ended September 30, 2021 Half year ended September 30, 2020
Revenue from Operations 95,983 52,398 159,922 83,444
Other Income 5,030 (24) 9,186 3,263
Total Income 101,013 52,374 169,108 86,707
Employee benefit expenses 24,224 18,016 46,006 58,100
Finance cost 2,522 2,660 5,219 4,332
Depreciation and amortization expense 18,347 6,108 32,623 8,439
Other expenses 31,778 18,399 54,511 44,242
Total Expenses 76,871 45,183 138,359 115,112
Exceptional Items 5,736 5,736
Profit before tax 24,142 1,455 30,749 (34,141)
Tax expenses 5,836 (9,388) 7,540 (9,341)
Profit after tax 18,307 10,843 23,209 (24,800)

 

Highlights of audience engagement:

The audience footprint across the websites and digital platforms – including Facebook, Instagram, YouTube, Twitter, Snapchat etc. – continued its strong momentum in the quarter. Some of the key data points, aggregated across the websites and digital platforms, are given below:

Description/ Period 15 months ending Quarter 2 Quarter 1
September 30, 2021 FY2021-22 FY 2021-22
Page Views 496.4 Mn 104.2 Mn 93.4 Mn
Video Views 1.11 Bn 298.4 Mn 261.1 Mn
Unique Viewers 997.4 Mn 313.5 Mn 291.5 Mn
Impressions 13.1 Bn 3.01 Bn 3.52 Bn

Source: based on data provided by platforms/ other agencies

 

The digital properties had nearly 16.03 Mn subscribers/followers across various platforms at the end of Q2.

In the video space, as per Facebook Leader-board, The Quint is the only new-age digital media portal that is rubbing shoulders with traditional and legacy media players. The Quint has also secured a higher video interaction rate on Facebook as compared to some of the leading players within a short span of 6 years.

The Quint also featured at the 18th position on Feedspots list of 100 Top Indian News Websites. In due recognition of its position and content, The Quint also bagged two very prestigious awards at the IMA South Indian Marketing Awards, 2021 – Gold in the branded content category & Silver in the branded content and podcast category.