Television

Shemaroo’s digital business contributes 48 per cent to FY22 revenue

The company posted revenue of Rs 936 million.

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Mumbai: Shemaroo Entertainment posted its financial results for the fourth quarter and financial year ended on 31 March. The company’s digital business contribution has grown from less than 10 per cent in FY14 to 48 per cent in FY22. This includes revenues from its OTT platform ShemarooMe and its content distribution agreements with telcos and OTT players.

For the fourth quarter, the company posted Rs 936 million in revenue from operations and Rs 20 million net profit. The company reported 465 million in revenue from its digital media business registering 25.9 per cent growth year on year (YoY). It earned Rs 471 million from its traditional media business, a growth of 15.7 per cent.

The company posted revenue of Rs 3814 million and profit after tax of 53 million for the financial year 2021-22. Its digital media revenues stood at Rs 1814 million which grew by 21.4 per cent year-on-year. It earned Rs 2000 million from traditional media which grew by 23.7 per cent year-on-year.

Shemaroo Entertainment launched its third satellite free-to-air channel named ‘Shemaroo Umang’ in April. The company also released 15 new titles during the quarter with content across movies, web series and plays on its OTT platform ShemarooMe.

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