Quint Digital Media Limited published its results for the quarter and half-year ended September 30, 2021, on Wednesday. With the increased economic activity, The Quint witnessed a faster and more wide scale digital adoption across different sectors of the economy leading to 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). The Quint registered the highest ever revenues of Rs 9.5Cr + for Q2 and Rs 16 Cr for the half-year ended September 30, 2021. 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 Rs 4.50 Cr. It is a complete upturn in performance as compared with Q2 FY21 (September 20) which saw an EBITDA level of Rs 1.03 Cr.
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 was 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.