Brands
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Youtstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

YSTV

ADVERTISEMENT
Advertise with us

Gaana reports flat revenue for FY22

The Times-internet backed company's biggest source of revenue, advertising, grew by 15.7% to Rs 78.16 crore while its subscriptions fell by 7.8% to Rs 24.02 crore

Gaana reports flat revenue for FY22

Tuesday December 13, 2022 , 1 min Read

Audio streaming app Gaana posted a flat revenue from operations at Rs 118.53 crore as against Rs 117.88 crore in the previous fiscal year (FY21), according to regulatory filings.


Its losses contracted to Rs 316.53 crore when compared with the previous year at Rs 335.64 crore.


Splitting its revenue from operations, the Times-internet backed company's biggest source of revenue, advertising, grew by 15.7% to Rs 78.16 crore while its subscriptions fell by 7.8% to Rs 24.02 crore. As for the service platform segment, it fell by 39.9% to Rs 14.58 crore.


Breakdown of the numbers

It posted a total expenses cost of Rs 442.33 crore up by 4.9% from Rs 465.15 crore in the previous year. Content, emerged as the largest expense for Gaana. It dropled from Rs 181.78 crore in FY22 from Rs 192.78 crore a year ago. Its advertising promotional expenses the next major expenditure was down by 24.5% to Rs 118.8 crore while the employee benefit expenses were up by 11.5% to Rs 57.14 crore.