Social media firm ShareChat mentioned the agency sees subscription income main development in FY26, at the same time as advert income took successful within the present fiscal 12 months. The agency recorded an 8% decline to Rs 290 crore in income from promoting in FY25.
Manohar Singh Charan, Chief Monetary Officer at ShareChat & Moj, mentioned that the agency’s advert income dipped because of actual cash gaming firms rolling again their advert spend because of impending GST dues and excessive taxes levied on these firms.
In August, the federal government handed the Promotion and Regulation of On-line Gaming Act, 2025, which prohibits actual cash gaming within the nation. Most RMG firms have since pivoted to a free-to-play mannequin and have additionally opened up alternate income streams to remain afloat.
Amidst this, ShareChat mentioned that the repercussions of the ban will carry downward stress on the corporate’s advert income.
Moreover, the corporate additionally famous that there was a softening of digital advert spending within the nation in the course of the interval. Nevertheless, this has picked up and is “bettering now.”
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In the meantime, the corporate reported that its live-streaming income grew 7.7% to Rs 434 crore in FY25.
With advert income declining, the corporate is now banking on subscription income coming in from its newly launched QuickTV. The providing is a subscription-based streaming app for short-form dramas and mini-series that was launched in Might this 12 months.
The corporate can be doubling down on this providing, channelling greater than 75% of its development funding this monetary 12 months into rising its micro-dramas vertical. Charan additionally added that the vertical will develop into money optimistic earlier than the monetary 12 months ends and that it goals to begin changing into worthwhile by mid-FY27.
The Google-backed firm on Friday reported a 42% decline in loss earlier than taxes to Rs 1,105 crore for the monetary 12 months ended March 31 2025, reflecting the agency’s measures to scale back bills.
It reported a marginal 0.7% development in FY25 income to Rs 723.4 crore, in contrast with Rs 718.1 crore final 12 months. In line with the corporate, the deep discount in losses acted as a trade-off for income development.
ShareChat is now focusing on a 30% rise in income development in FY26 and has already surpassed Rs 1,000 crore in annual recurring income because of rising subscription revenues.
Edited by Jyoti Narayan
