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The Quint records its highest ever revenue of Rs 9.5 cr for Q2

The digital news company has recorded over Rs 16 cr for the half-year ended 30 September.

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Mumbai: Quint Digital Media published its results for the quarter and half-year ended 30 September.

With the increased economic activity, the digital-first news operator said it has witnessed a faster and more wide-scale digital adoption across different sectors of the economy leading to a robust growth in revenue and profitability.

The company witnessed a strong Q2 FY22 (21 September) performance with the revenues shooting up by over 50 per cent as compared with Q1 FY22 (21 June).  On a year-on-year basis, the revenues increased by over 80 per cent as compared with Q2 FY20 (20 September 2020).

On a half-yearly basis, the revenues grew by over 90 per cent over the same period during FY 21 and the EBITDA witnessed a positive swing by more than 400 per cent

The quarter also witnessed The Quint continue its earnings growth with an EBITDA level of Rs 4.50 cr - a complete upturn in performance as compared with Q2 FY21 (20 September) which saw an EBITDA level of Rs 1.03 cr.

The company also disclosed that the digital properties had nearly 16.03 million subscribers/followers across various platforms at the end of Q2.

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