Pocket FM’s net loss widened 10X to INR 171.6 Cr in FY22 from INR 17.1 Cr in FY21
Pocket FM, which primarily earns revenue from membership and subscription fees, saw its operating revenue grow to INR 17 Cr in FY22
Total expenses ballooned 10X to INR 189.14 Cr, with advertising and promotional spending at INR 128 Cr
Indian audio over-the-top (OTT) platform Pocket FM’s net loss widened 10X to INR 171.6 Cr in the financial year 2021-22 (FY22) from INR 17.1 Cr in FY21 due to a sharp rise in expenses.
PocketFM, which primarily earns revenue from membership and subscription fees, saw its operating revenue grow 11.3X to INR 17 Cr in FY22 from INR 1.5 Cr in FY21. Including other income, total revenue stood at INR 17.55 Cr during the year under review.