🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Netflix India’s net profit soars 75% to INR 35 cr in FY23

Inc42 · 1y ago

Netflix India’s net profit soars 75% to INR 35 cr in FY23

Netflix Entertainment Services India LLP, the Indian arm of streaming giant Netflix, reported a 75% increase in net profit to INR 35 Cr in the financial year 2022-23. The company's operating revenue also grew by 24% to INR 2,214 Cr. The rise in revenue is attributed to an increase in subscribers and comes at a time when Disney is in talks with Reliance Industries for a potential merger in the streaming industry. Netflix reduced its subscription plan prices in 2021, leading to improved customer engagement and higher subscriber numbers in 2022.

Related News

Netflix India FY23 revenue jumps 24%; profit soars 75%

Economic Times

Economic Times · 1y ago

Netflix India FY23 revenue jumps 24%; profit soars 75%

Netflix India reported a 24% increase in revenue in FY23 to Rs 2,214 crore, with net profit soaring 75% to Rs 35 crore. These results do not include the company's content investments, which are reported separately. The increase in revenue was driven by cheaper subscription plans and a larger selection of titles. However, Netflix India has not been able to scale up its business in India due to pricing and lack of local content compared to its competitors. The company is yet to introduce an ad-supported plan in India.

Indian Movies, Shows Garner 100 Cr Views For Netflix In H2 2023

Inc42 · 1y ago

Indian Movies, Shows Garner 100 Cr Views For Netflix In H2 2023

During the latter half of 2023, the most-watched Indian movie on Netflix was "Jaane Jaan" directed by Sujoy Ghosh, with 20.2 million views. It was followed by "Jawan" with 16.2 million views. The top-performing Indian show on Netflix was "The Railway Men" with 10.6 million views, followed by "Kohraa" with 6.4 million views. Netflix India experienced a 75% year-on-year increase in net profits to INR 35 crore in FY23, while operating revenues rose by 24% to INR 2,214 crore during the same period.

Ola Cabs parent ANI Tech’s FY23 revenue crosses INR 2,500 Cr mark, loss declines to INR 772 Cr

Inc42 · 1y ago

Ola Cabs parent ANI Tech’s FY23 revenue crosses INR 2,500 Cr mark, loss declines to INR 772 Cr

Ola Financial Services recorded a net loss of INR 54.6 Cr in FY23, compared to a profit of INR 8.6 Cr in FY22. Ola's parent company, ANI Technologies, reduced its consolidated net loss by 49.2% to INR 772.2 Cr in FY23. Ola's sales increased by 63% to INR 1,987.5 Cr, while its net loss decreased by 64.8% to INR 1,082.5 Cr in FY23. Ola's rival, Uber India, saw its net sales rise by 54% to INR 2,666.1 Cr in FY23, with a loss of INR 311.3 Cr. Ola Electric is also planning an IPO to raise funds.

Zerodha Founders To Invest INR 100 Cr In Nazara

Inc42 · 2y ago

Zerodha Founders To Invest INR 100 Cr In Nazara

Gaming and sports media platform Nazara Technologies plans to issue 1,400,560 equity shares, valued at INR 714 per share, raising INR 100 crore. The shares will be allotted to firms managed by Zerodha founders Nithin Kamath and Nikhil Kamath. Nazara intends to use the capital for growth initiatives, including potential acquisitions and investments. In FY23, the company reported a net profit of INR 61.4 crore, with a 75% YoY increase in revenue to INR 1,091 crore.

Proptech Unicorn NoBroker’s FY23 Loss Crosses INR 500 Cr Mark

Inc42 · 1y ago

Proptech Unicorn NoBroker’s FY23 Loss Crosses INR 500 Cr Mark

The net loss of proptech startup NoBroker increased by 64% to INR 506.2 Cr in FY23 compared to INR 309.1 Cr in the previous fiscal year. However, the company's operating revenue soared by 87% to INR 609 Cr in FY23 from INR 325.8 Cr in the previous year. NoBroker's total expenditure in FY23 rose by 75% to INR 1,189.7 Cr, as indicated by its financial statements filed approximately 15 months after the fiscal year-end.

Netflix India’s Profit Jumps 49% To INR 52.4 Cr In FY24

Inc42 · 1y ago

Netflix India’s Profit Jumps 49% To INR 52.4 Cr In FY24

Netflix India's net profit for the fiscal year 2023-24 increased by 49% to INR 52.4 Cr compared to the previous year. The company's revenue also rose by 28.5% to INR 2,845.7 Cr. Additionally, Netflix India successfully reduced its personnel expenses by 10.6% to INR 105.98 Cr during the same period.

Ex-Paytm Money CEO’s Raise Fintech Turns Profitable In FY23, Posts PAT Of INR 7.16 Cr

Inc42 · 1y ago

Ex-Paytm Money CEO’s Raise Fintech Turns Profitable In FY23, Posts PAT Of INR 7.16 Cr

Raise Financial Services, a stock broking firm founded in 2021, turned its net loss of INR 2.78 Cr in FY22 into a net profit of INR 7.16 Cr in FY23. The company witnessed a significant increase in operating revenue, soaring from INR 82.14 Lakh in FY22 to INR 20.74 Cr in FY23. Raise Financial Services primarily serves users in Tier I and II cities in India.

Yudiz Posts INR 2.9 Cr Loss In FY24, Revenue Tanks In H2

Inc42 · 1y ago

Yudiz Posts INR 2.9 Cr Loss In FY24, Revenue Tanks In H2

Yudiz Solutions reported a net profit of INR 1.33 crore in the first half of FY24, but recorded a loss of INR 4.2 crore in the second half. The company's operating revenue declined to INR 10.3 crore in H2 FY24 from INR 15.9 crore in H1 FY24, representing a year-on-year decrease of 37.2%. In FY23, Yudiz achieved a net profit of INR 2.7 crore on an operating revenue of INR 27.3 crore.

PhysicsWallah Cofounder Alakh Pandey’s Remuneration More Than Halves To INR 4.6 Cr In FY23

Inc42 · 1y ago

PhysicsWallah Cofounder Alakh Pandey’s Remuneration More Than Halves To INR 4.6 Cr In FY23

PhysicsWallah's co-founder, Alakh Pandey, received a remuneration of INR 4.57 Cr in FY23, indicating a decline in remuneration. The average founder salary increased by 69.7% to INR 5.77 Cr in FY23. PhysicsWallah reported a 91% decline in net profit to INR 8.9 Cr in FY23, primarily due to increased expenses. Its operating revenue rose by 234% to INR 779.3 Cr in the same period. The edtech startup has expanded its services, including offline education, upskilling programs, and acquisitions.

Fintech unicorn InCred’s profit quadruples to INR 121 Cr in FY23

Inc42 · 1y ago

Fintech unicorn InCred’s profit quadruples to INR 121 Cr in FY23

Fintech unicorn InCred Financial Services saw its net profit quadruple to INR 120.9 crore in the financial year 2022-23 (FY23) from INR 30.8 crore in FY22. The company reported a 77% increase in operating revenue to INR 864.6 crore in FY23. InCred operates in the BFSI sector with three entities: InCred Finance, InCred Capital, and InCred Money. The company recently acquired wealthtech startup Orowealth and raised $60 million in its Series D funding round. Expenses also increased by 32.5% to INR 633.5 crore in FY23.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Sept 2025

Your Health, Simplified with Smart Care

An ecosystem for curated creative partnerships

Your Health our Priority.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.