Pocket FM revenue surpasses Rs 1,000 crore in FY24, up 6x

Quick Summary:

Pocket FM's revenue soared nearly sixfold to Rs 1,051.97 crore in FY24, while global losses narrowed by 21% to Rs 165 crore.

The audio series platform saw microtransaction-led subscription revenue jump to Rs 934.73 crore, fueled by 200 million listeners and over 75,000 audio series.

Pocket FM’s current core markets are the US and India, but it has also recently forayed into Europe and Latin America.

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Article Details

Author / Journalist: Supriya Roy

Category: EconomyBusiness

Markets: IndiaChinaIsraelUkraine

Topics: Global losses Subscription revenue FY24 financial performance Audio series platform Business news Pocket FM revenue Pocket FM growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 01:01:06 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 658 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23909314

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