{"id":881213,"date":"2024-11-27T08:35:10","date_gmt":"2024-11-27T03:05:10","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=881213"},"modified":"2024-11-27T08:42:34","modified_gmt":"2024-11-27T03:12:34","slug":"sharechat-reports-67-reduction-in-adjusted-ebitda-losses-from-rs-2400-crore-to-rs-793-crore-in-fy24","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/27\/sharechat-reports-67-reduction-in-adjusted-ebitda-losses-from-rs-2400-crore-to-rs-793-crore-in-fy24\/","title":{"rendered":"ShareChat reports 67% reduction in adjusted EBITDA losses, from Rs 2,400 crore to Rs 793 crore in FY24"},"content":{"rendered":"<p>ShareChat, a social media platform, reported a 33% year-on-year increase in revenue for FY24, reaching Rs 718 crore, compared to Rs 540 crore in FY23. The company also significantly reduced its adjusted EBITDA losses by 67%, from Rs 2,400 crore in FY23 to Rs 793 crore in FY24. <\/p>\n<p>Advertising revenue saw a 23% year-on-year growth, totalling Rs 315 crore, attributed to a diversified client base across multiple sectors, including FMCG and mid-market advertisers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ShareChat, a social media platform, reported a 33% year-on-year increase in revenue for FY24, reaching Rs 718 crore, compared to Rs 540 crore in FY23. The company also significantly reduced its adjusted EBITDA losses by 67%, from Rs 2,400 crore in FY23 to Rs 793 crore in FY24. Advertising revenue saw a 23% year-on-year growth, totalling Rs 315 crore, attributed to a diversified client base across multiple sectors, including FMCG and mid-market advertisers.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,64,12],"tags":[],"class_list":["post-881213","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/881213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=881213"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/881213\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=881213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=881213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=881213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}