Pocket FM's revenue up 6x to Rs 1,052 crore in FY24, losses reduced

Quick Summary:

Now we have expanded to Europe and other high-average revenue per user (ARPU) markets,” Sharma said.

Meanwhile, revenue from advertisements grew more than sevenfold, rising from Rs 12.5 crore to Rs 89.34 crore.

Pocket FM operates on a freemium model, offering consumers 15 minutes of free listening for each audio series.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Micro-transactions Subscription revenue FY24 revenue Global expansion Series D funding AI audio series Advertising revenue Lightspeed Venture Partners Freemium model Content investment North America Audio series Pocket FM FY24 losses Stepstone Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 16:42:32 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 23905040

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