Pocket FM losses narrow 21 per cent to `165 Crore in FY24, says on track to achieve profitability

Audio entertainment platform Pocket FM narrowed global losses by 21 per cent to Rs 165 crore in FY24 and said it is inching “closer to profitability”.

The company had posted Rs 208 crore losses in the previous financial year.

The company’s global revenue came in at Rs 1,052 crore in FY24, registering a multifold jump from Rs 176 crore in FY23, the company said in a statement.

The company has a strong foothold in the US and India and has recently forayed into Europe and Latin America.