Disney+ Hotstar net loss down 43% in FY22
Reports quoting Tofler data say the company’s ad revenue now stands at Rs 1684.31 crore
Disney+ Hotstar has reduced its net loss for FY22 by 43%, media networks have reported. The net loss now stands at Rs 343.16 crore as compared to last fiscal's Rs 600.77 crore.
Reports quoting data from Tofler say its advertising revenue has increased to Rs 1684.31 crore, a more than two-fold jump from Rs 829.74 crore in FY21.
The company's operational revenue has jumped 93% to Rs 3220.41 crore from Rs 1670.63 crore in the last FY.
The growth has been on account of sporting extravaganzas like the IPL and the ICC T20 World Cup.
Its subscription revenue has also increased 65% to Rs 1373.61 crore.
