InShorts reports flat revenue for FY24 as net loss decreases by 26% to Rs 228 crore

economictimes.indiatimes.com

InShorts reported flat revenue of Rs 181 crore for FY24, the same as the previous year. The online news aggregator's net loss decreased by 26% to Rs 228 crore, primarily due to a significant reduction in advertising expenses. The company's advertising and promotional costs fell 65% to Rs 47 crore. However, finance costs nearly doubled to Rs 82 crore, and long-term borrowings increased to Rs 842 crore from Rs 590 crore in the previous year.


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InShorts reports flat revenue for FY24 as net loss decreases by 26% to Rs 228 crore | News Minimalist