ITV

Category: Brands

  • Dentsu to acquire Spanish sports marketing specialist Alesport

    Dentsu to acquire Spanish sports marketing specialist Alesport

    MUMBAI: Dentsu Aegis Network has reached an agreement with the principal shareholders of Spanish sports marketing and brand activation specialist Alesport Group to acquire the operation.

    Founded in 1975, Alesport Group has a strong reputation in the Spanish market as a leader in the sports and event marketing industry. The four companies under the Alesport umbrella are RMP Racing, which plans and organises sports events such as two-wheel and four-wheel motor sports, cycling, car racing, mountain bike racing and marathons; RPM Events, which plans and operates B-to-B events; Alesport, a specialized sports publishing company; and Aventurismo, which is responsible for making travel and accommodation arrangements related to competitions and other events.

    Alesport is involved in the planning and operation of third-party events as well as its own sports events.

    After the acquisition has been completed, Alesport Group will maintain its service structure and will work with other Dentsu Group companies in Spain and other countries to create synergies.

    In its September 2015 worldwide advertising expenditure forecasts, the Dentsu Group’s media communications agency Carat announced that advertising expenditures in Spain grew 6.2 per cent in 2014, reflecting the recovery of the country’s economy. The strong growth is expected to continue, with an increase of 6.9 per cent forecast for both 2015 and 2016.

  • Dentsu to acquire Spanish sports marketing specialist Alesport

    Dentsu to acquire Spanish sports marketing specialist Alesport

    MUMBAI: Dentsu Aegis Network has reached an agreement with the principal shareholders of Spanish sports marketing and brand activation specialist Alesport Group to acquire the operation.

    Founded in 1975, Alesport Group has a strong reputation in the Spanish market as a leader in the sports and event marketing industry. The four companies under the Alesport umbrella are RMP Racing, which plans and organises sports events such as two-wheel and four-wheel motor sports, cycling, car racing, mountain bike racing and marathons; RPM Events, which plans and operates B-to-B events; Alesport, a specialized sports publishing company; and Aventurismo, which is responsible for making travel and accommodation arrangements related to competitions and other events.

    Alesport is involved in the planning and operation of third-party events as well as its own sports events.

    After the acquisition has been completed, Alesport Group will maintain its service structure and will work with other Dentsu Group companies in Spain and other countries to create synergies.

    In its September 2015 worldwide advertising expenditure forecasts, the Dentsu Group’s media communications agency Carat announced that advertising expenditures in Spain grew 6.2 per cent in 2014, reflecting the recovery of the country’s economy. The strong growth is expected to continue, with an increase of 6.9 per cent forecast for both 2015 and 2016.

  • Q2-2016: News Corp lower ad, book publishing revenues, forex lower overall revenue

    Q2-2016: News Corp lower ad, book publishing revenues, forex lower overall revenue

    BENGALURU: Strong growth in the Digital Real Estate Services segment at News Corporation (News Corp) was offset by lower advertising revenues at the News and Information Services segment and lower consumer revenues at the Book Publishing segment for the quarter ended 31 December, 2015 (Q2-2016, current quarter). News Corp reported year-on-year (YoY) 4.3 per cent revenue decline in the current quarter at $2,161 million as compared to $2,258 million. As a matter of fact, except for News Corp’s Digital Real Estate Services segment, all other segments reported lower revenues and EBIDTA.

    News Corp’s News and Information Services segment revenue fell 8.1 per cent YoY in Q2-2016 to $1,400 million as compared to $1,523 million, while revenue from its Book Publishing segment declined 4.9 per cent YoY in the current quarter to $446 million as compared to $469 million. Digital Real Estate Services segment revenue increased 35.1 per cent YoY to $208 million from $154 million. The decline in total reported revenues includes a negative impact from foreign currency fluctuations of $141 million says the company.

    News Corp reported Q2-2016 Total Segment EBITDA of $280 million, a 20 per cent decline as compared to $352 million in Q2-2015. Adjusted Total Segment EBITDA in Q2-2016 declined 16.8 per cent to $317 million, compared to $381 million in the corresponding prior year quarter. The company says that continued strength at the Digital Real Estate Services segment was more than offset by the declines at the News and Information Services, Book Publishing, and Cable Network Programming segments. Negative foreign currency fluctuations reduced Total Segment EBITDA by $25 million as compared to Q2-2015.

    Company speak

    News Corp CEO Robert Thomson said, “News Corp is evolving rapidly into a more digital and increasingly global company with a diverse revenue mix that we believe will drive long-term growth in profits and shareholder returns. The company is, by most measures, the world’s largest player in digital real estate, a position certainly enhanced by the rapid growth in the US of realtor.com.”

    “In our News and Information Services segment, print advertising remained challenged, but we are seeing growth in digital advertising and circulation revenues. We are particularly focused on cost reductions and sharing services around News Corp to streamline operations at the newspapers in Australia and the UK,” he added.

    “Unruly, the viral digital advertising company acquired late last year, has been swiftly integrated into many of our companies, bringing cutting-edge metrics and a savvy social sensibility. We are developing advertising products for clients keen to benefit from the rise of video and mobile, and taking advantage of our world-class mastheads which are increasingly powerful platforms, editorially and commercially,” Thomson said.

    “Macro-economic conditions in most of our markets have not been auspicious, and foreign exchange fluctuations have been particularly volatile, but we believe in the enduring value of our prestigious brands and the sound logic of our digital strategy,” he added.

    Segment results

    News and Information Services segment

    News and Information Services segment revenues have been mentioned above. News Corp says that total segment advertising revenues declined 12 per cent, primarily due to weakness in print advertising, negative foreign currency fluctuations and lower revenues at News America Marketing, partially offset by growth in digital advertising revenues, including at Dow Jones, where digital revenues accounted for approximately one-third of advertising revenues in the quarter. Circulation and subscription revenues declined five per cent, due to negative foreign currency fluctuations. Growth in paid digital subscribers in the US and Australia, higher subscription pricing and selected cover price increases offset print volume declines and the impact from the change in the digital strategy at The Sun. At Dow Jones, the company continued to see modest growth of professional information business revenues.

    Segment EBITDA decreased $58 million in Q2-2016 to $158 million as compared $216 million in Q2-2015. Adjusted Segment EBITDA decreased 22 per cent compared to the prior year, driven by lower advertising revenues, higher promotion and marketing costs in the UK and transaction costs of $5 million related to the acquisition of Unruly.

    Book Publishing segment

    Book Publishing segment revenues mentioned above declined due to lower e-book sales, negative foreign currency fluctuations and lower revenues from the Divergent series, partially offset by strong sales in General Books resulting from the popularity of The Pioneer Woman Cooks: Dinnertime by Ree Drummond. Digital sales represented 16 per cent of consumer revenues for the quarter. Segment EBITDA for the quarter decreased $20 million, or 26 per cent, from the prior year, primarily due to the factors noted above. Adjusted revenues decreased three per cent and Adjusted Segment EBITDA decreased 25 per cent compared to the prior year.

    Digital Real Estate Services segment

    Digital Real Estate Services revenues mentioned above increased primarily driven by the inclusion of the results of Move, acquired in November 2014. At REA Group Limited, increased revenues from greater residential listing depth product penetration were offset by negative foreign currency fluctuations. Segment EBITDA in the quarter increased $16 million, or 28. per cent to $73 million, compared to the $57 million in the corresponding prior year quarter, primarily due to the increased revenues noted above and the absence of one-time transaction costs of $16 million related to the acquisition of Move, partially offset by negative foreign currency fluctuations.

    Cable Network Programming segment

    In Q2-2016, revenues decreased $6 million, or 5.4 per cent YoY to $106 million, compared to $112 million in the corresponding prior year quarter. Adjusted revenues increased 10 per cent, primarily due to higher affiliate and advertising revenues. Segment EBITDA in Q2-2016 decreased $15 million, or 27.8 per cent YoY to $39 million from $54 million as compared with the corresponding prior year period. Adjusted Segment EBITDA declined 22 per cent, primarily due to expected higher programming rights and production costs related to the Rugby World Cup of $11 million. Negative foreign currency fluctuations reduced reported revenues and Segment EBITDA for the second quarter of fiscal 2016 by $17 million and $3 million, respectively, as compared to the prior year.

    ‘Other’ segment

    Reported revenue for Q2-2016 was $1 million as compared to nil in Q2-2015. Segment EBITDA in the quarter improved by $5 million compared to the prior year, primarily due to lower fees and costs, net of indemnification, related to the claims and investigations arising out of certain conduct at The News of the World (UK Newspaper Matters). The net expense related to the UK Newspaper Matters was $7 million for the Q2-2016 as compared to $13 million for Q2-2016.

  • Q2-2016: News Corp lower ad, book publishing revenues, forex lower overall revenue

    Q2-2016: News Corp lower ad, book publishing revenues, forex lower overall revenue

    BENGALURU: Strong growth in the Digital Real Estate Services segment at News Corporation (News Corp) was offset by lower advertising revenues at the News and Information Services segment and lower consumer revenues at the Book Publishing segment for the quarter ended 31 December, 2015 (Q2-2016, current quarter). News Corp reported year-on-year (YoY) 4.3 per cent revenue decline in the current quarter at $2,161 million as compared to $2,258 million. As a matter of fact, except for News Corp’s Digital Real Estate Services segment, all other segments reported lower revenues and EBIDTA.

    News Corp’s News and Information Services segment revenue fell 8.1 per cent YoY in Q2-2016 to $1,400 million as compared to $1,523 million, while revenue from its Book Publishing segment declined 4.9 per cent YoY in the current quarter to $446 million as compared to $469 million. Digital Real Estate Services segment revenue increased 35.1 per cent YoY to $208 million from $154 million. The decline in total reported revenues includes a negative impact from foreign currency fluctuations of $141 million says the company.

    News Corp reported Q2-2016 Total Segment EBITDA of $280 million, a 20 per cent decline as compared to $352 million in Q2-2015. Adjusted Total Segment EBITDA in Q2-2016 declined 16.8 per cent to $317 million, compared to $381 million in the corresponding prior year quarter. The company says that continued strength at the Digital Real Estate Services segment was more than offset by the declines at the News and Information Services, Book Publishing, and Cable Network Programming segments. Negative foreign currency fluctuations reduced Total Segment EBITDA by $25 million as compared to Q2-2015.

    Company speak

    News Corp CEO Robert Thomson said, “News Corp is evolving rapidly into a more digital and increasingly global company with a diverse revenue mix that we believe will drive long-term growth in profits and shareholder returns. The company is, by most measures, the world’s largest player in digital real estate, a position certainly enhanced by the rapid growth in the US of realtor.com.”

    “In our News and Information Services segment, print advertising remained challenged, but we are seeing growth in digital advertising and circulation revenues. We are particularly focused on cost reductions and sharing services around News Corp to streamline operations at the newspapers in Australia and the UK,” he added.

    “Unruly, the viral digital advertising company acquired late last year, has been swiftly integrated into many of our companies, bringing cutting-edge metrics and a savvy social sensibility. We are developing advertising products for clients keen to benefit from the rise of video and mobile, and taking advantage of our world-class mastheads which are increasingly powerful platforms, editorially and commercially,” Thomson said.

    “Macro-economic conditions in most of our markets have not been auspicious, and foreign exchange fluctuations have been particularly volatile, but we believe in the enduring value of our prestigious brands and the sound logic of our digital strategy,” he added.

    Segment results

    News and Information Services segment

    News and Information Services segment revenues have been mentioned above. News Corp says that total segment advertising revenues declined 12 per cent, primarily due to weakness in print advertising, negative foreign currency fluctuations and lower revenues at News America Marketing, partially offset by growth in digital advertising revenues, including at Dow Jones, where digital revenues accounted for approximately one-third of advertising revenues in the quarter. Circulation and subscription revenues declined five per cent, due to negative foreign currency fluctuations. Growth in paid digital subscribers in the US and Australia, higher subscription pricing and selected cover price increases offset print volume declines and the impact from the change in the digital strategy at The Sun. At Dow Jones, the company continued to see modest growth of professional information business revenues.

    Segment EBITDA decreased $58 million in Q2-2016 to $158 million as compared $216 million in Q2-2015. Adjusted Segment EBITDA decreased 22 per cent compared to the prior year, driven by lower advertising revenues, higher promotion and marketing costs in the UK and transaction costs of $5 million related to the acquisition of Unruly.

    Book Publishing segment

    Book Publishing segment revenues mentioned above declined due to lower e-book sales, negative foreign currency fluctuations and lower revenues from the Divergent series, partially offset by strong sales in General Books resulting from the popularity of The Pioneer Woman Cooks: Dinnertime by Ree Drummond. Digital sales represented 16 per cent of consumer revenues for the quarter. Segment EBITDA for the quarter decreased $20 million, or 26 per cent, from the prior year, primarily due to the factors noted above. Adjusted revenues decreased three per cent and Adjusted Segment EBITDA decreased 25 per cent compared to the prior year.

    Digital Real Estate Services segment

    Digital Real Estate Services revenues mentioned above increased primarily driven by the inclusion of the results of Move, acquired in November 2014. At REA Group Limited, increased revenues from greater residential listing depth product penetration were offset by negative foreign currency fluctuations. Segment EBITDA in the quarter increased $16 million, or 28. per cent to $73 million, compared to the $57 million in the corresponding prior year quarter, primarily due to the increased revenues noted above and the absence of one-time transaction costs of $16 million related to the acquisition of Move, partially offset by negative foreign currency fluctuations.

    Cable Network Programming segment

    In Q2-2016, revenues decreased $6 million, or 5.4 per cent YoY to $106 million, compared to $112 million in the corresponding prior year quarter. Adjusted revenues increased 10 per cent, primarily due to higher affiliate and advertising revenues. Segment EBITDA in Q2-2016 decreased $15 million, or 27.8 per cent YoY to $39 million from $54 million as compared with the corresponding prior year period. Adjusted Segment EBITDA declined 22 per cent, primarily due to expected higher programming rights and production costs related to the Rugby World Cup of $11 million. Negative foreign currency fluctuations reduced reported revenues and Segment EBITDA for the second quarter of fiscal 2016 by $17 million and $3 million, respectively, as compared to the prior year.

    ‘Other’ segment

    Reported revenue for Q2-2016 was $1 million as compared to nil in Q2-2015. Segment EBITDA in the quarter improved by $5 million compared to the prior year, primarily due to lower fees and costs, net of indemnification, related to the claims and investigations arising out of certain conduct at The News of the World (UK Newspaper Matters). The net expense related to the UK Newspaper Matters was $7 million for the Q2-2016 as compared to $13 million for Q2-2016.

  • Q3-2016: Inox YoY revenue up 13.6, PAT up 9.1%

    Q3-2016: Inox YoY revenue up 13.6, PAT up 9.1%

    BENGALURU: Inox Leisure Limited (Inox) reported 13.6 per cent year-on year (YoY) increase in consolidated Total Income from Operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 341.71 crore as compared to Rs 300.76 but 3.8 per cent lower quarter-on-quarter (QoQ) as compared to Rs 355.38 crore.

    The YoY increase was driven by a 14.3 per cent YoY increase in gross box office (GBO) collection and a 17.8 per cent YOY increase in Food & Beverages (F&B) revenue in the current quarter. Inox reported GBO collection at Rs 230.69 crore as compared Rs 201.75 crore in Q3-2015. F&B revenue in the current quarter was Rs 65.16 crore as compared to Rs 55.63 crore in the corresponding prior year quarter. GBO collection and F&B revenue in the current quarter however declined 5.4 per cent each as compared to Rs 243.87 crore and Rs 69.24 crore respectively.

    Note: (1) 100,00,000 = 100 lakh = 10 million = 1 crore

    (2) Figures include Satyam Cineplexes Limited, which became wholly owned subsidiary of the company on 8 August 2014.

    Improved Box Office performance of a number of movies saw the company’s PAT in the current quarter increase 9.1 per cent YoY to Rs 15.60 crore (4.6 per cent margin) as compared to Rs 14.30 crore (4.8 per cent margin). PAT in the current quarter however declined 23.9 per cent QoQ as compared to Rs 20.51 crore (5.8 per cent margin) in the immediate trailing quarter.

    Performance of the top five movies by GBO performance accounted for 48 per cent of total GBO collection in the current quarter.

     

    The top five movies in terms of GBO collection in descending order were:

    1) Prem Ratan Dhan Payo: Rs 29.8 crore, 15 lakh footfalls

    2) Bajirao Mastani: Rs 29.6 crore, 14 lakh footfalls

    3) Dilwale: Rs 21.8 crore, 10 lakh footfalls

    4) Tamasha: Rs 16.3 crore, 9 lakh footfalls

    5) Pyaar Ka Punchnama 2: Rs 12.4 crore, 8 lakh footfalls

     

    Footfalls, occupancy rates & average ticket price

    Inox reported a 11 per cent increase in footfalls in the current quarter at 129 lakh as compared to the 116 lakh in the corresponding year ago quarter and 11 per cent lower QoQ as compared to 145 lakh in Q2-2016.

    Occupancy rate in Q3-2016 improved to 31 per cent as compared to the 27 per cent in Q3-2015 and slightly lower than the 32 per cent in the immediate trailing quarter.

    Average Ticket Price (APT) increased 32.3 per cent YoY in Q3-2016 to Rs 179 as compared to Rs 175 and increased 7.2 per cent QoQ as compared to Rs 167 in the immediate trailing quarter.

     

    Advertising, food & beverages & other operating revenues

    The company reported two per cent higher YoY advertising revenue in Q3-2016 at Rs 29.49 crore as compared to Rs 28.92 crore and 37.8 per cent higher QoQ as compared to Rs 21.40 crore in Q21-2016.

    Food and Beverages revenue (F&B) has been mentioned above.

    Other operating revenue increased 10.8 per cent YoY to Rs 16.02 crore in the current quarter as compared to Rs 14.46 crore, but declined 23.2 per cent as compared to Rs 20.87 crore in Q2-2016.

     

    Entertainment Tax, Distributors share and F&B costs, rents, etc

    Inox paid 16.5 per cent higher YoY entertainment tax in Q3-2016 at Rs 44.40 crore as compared to Rs 38.12 crore, but 6.7 per cent lower QQoQ as compared to Rs 47.57 crore in Q2-2016.

    Distributors share (exhibition cost) in Q3-2016 at Rs 64.54 crore declined 14.4 per cent as compared to Rs 75.37 crore and declined 25.5 per cent QoQ as compared to Rs 86.61 in Q2-2016.

    F&B costs in Q3-2016 increased 17.5 per cent YoY to Rs 15.95 crore as compared to Rs13.58 crore, but declined 9.4 per cent as compared to Rs 17.6 crore in Q2-2016.

    Total Expense in the current quarter increased 12.4 per cent YoY to Rs 308.97 crore as compared to Rs 274.89 crore, but reduced three per cent QoQ as compared to Rs 318.63 cror

     

  • Q3-2016: Inox YoY revenue up 13.6, PAT up 9.1%

    Q3-2016: Inox YoY revenue up 13.6, PAT up 9.1%

    BENGALURU: Inox Leisure Limited (Inox) reported 13.6 per cent year-on year (YoY) increase in consolidated Total Income from Operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 341.71 crore as compared to Rs 300.76 but 3.8 per cent lower quarter-on-quarter (QoQ) as compared to Rs 355.38 crore.

    The YoY increase was driven by a 14.3 per cent YoY increase in gross box office (GBO) collection and a 17.8 per cent YOY increase in Food & Beverages (F&B) revenue in the current quarter. Inox reported GBO collection at Rs 230.69 crore as compared Rs 201.75 crore in Q3-2015. F&B revenue in the current quarter was Rs 65.16 crore as compared to Rs 55.63 crore in the corresponding prior year quarter. GBO collection and F&B revenue in the current quarter however declined 5.4 per cent each as compared to Rs 243.87 crore and Rs 69.24 crore respectively.

    Note: (1) 100,00,000 = 100 lakh = 10 million = 1 crore

    (2) Figures include Satyam Cineplexes Limited, which became wholly owned subsidiary of the company on 8 August 2014.

    Improved Box Office performance of a number of movies saw the company’s PAT in the current quarter increase 9.1 per cent YoY to Rs 15.60 crore (4.6 per cent margin) as compared to Rs 14.30 crore (4.8 per cent margin). PAT in the current quarter however declined 23.9 per cent QoQ as compared to Rs 20.51 crore (5.8 per cent margin) in the immediate trailing quarter.

    Performance of the top five movies by GBO performance accounted for 48 per cent of total GBO collection in the current quarter.

     

    The top five movies in terms of GBO collection in descending order were:

    1) Prem Ratan Dhan Payo: Rs 29.8 crore, 15 lakh footfalls

    2) Bajirao Mastani: Rs 29.6 crore, 14 lakh footfalls

    3) Dilwale: Rs 21.8 crore, 10 lakh footfalls

    4) Tamasha: Rs 16.3 crore, 9 lakh footfalls

    5) Pyaar Ka Punchnama 2: Rs 12.4 crore, 8 lakh footfalls

     

    Footfalls, occupancy rates & average ticket price

    Inox reported a 11 per cent increase in footfalls in the current quarter at 129 lakh as compared to the 116 lakh in the corresponding year ago quarter and 11 per cent lower QoQ as compared to 145 lakh in Q2-2016.

    Occupancy rate in Q3-2016 improved to 31 per cent as compared to the 27 per cent in Q3-2015 and slightly lower than the 32 per cent in the immediate trailing quarter.

    Average Ticket Price (APT) increased 32.3 per cent YoY in Q3-2016 to Rs 179 as compared to Rs 175 and increased 7.2 per cent QoQ as compared to Rs 167 in the immediate trailing quarter.

     

    Advertising, food & beverages & other operating revenues

    The company reported two per cent higher YoY advertising revenue in Q3-2016 at Rs 29.49 crore as compared to Rs 28.92 crore and 37.8 per cent higher QoQ as compared to Rs 21.40 crore in Q21-2016.

    Food and Beverages revenue (F&B) has been mentioned above.

    Other operating revenue increased 10.8 per cent YoY to Rs 16.02 crore in the current quarter as compared to Rs 14.46 crore, but declined 23.2 per cent as compared to Rs 20.87 crore in Q2-2016.

     

    Entertainment Tax, Distributors share and F&B costs, rents, etc

    Inox paid 16.5 per cent higher YoY entertainment tax in Q3-2016 at Rs 44.40 crore as compared to Rs 38.12 crore, but 6.7 per cent lower QQoQ as compared to Rs 47.57 crore in Q2-2016.

    Distributors share (exhibition cost) in Q3-2016 at Rs 64.54 crore declined 14.4 per cent as compared to Rs 75.37 crore and declined 25.5 per cent QoQ as compared to Rs 86.61 in Q2-2016.

    F&B costs in Q3-2016 increased 17.5 per cent YoY to Rs 15.95 crore as compared to Rs13.58 crore, but declined 9.4 per cent as compared to Rs 17.6 crore in Q2-2016.

    Total Expense in the current quarter increased 12.4 per cent YoY to Rs 308.97 crore as compared to Rs 274.89 crore, but reduced three per cent QoQ as compared to Rs 318.63 cror

     

  • WeTravelSolo Launches Mobile App for Solo Travellers

    WeTravelSolo Launches Mobile App for Solo Travellers

    MUMBAI  WeTravelSolo, India’s first solo traveller community cum Interest network has taken a step ahead to bring solo travellers and travel enthusiasts under an easily-accessible forum with its release of a mobile app. The app has been made available for download on all Android enabled platforms. 

    WeTravelSolo, the online Solo Traveler’s community brings the world on the top of your palm. Always a strong believer of the words- there are places to see and people to meet, WeTravelSolo revamps the statement so amazingly that living the reality of those words is as easy as a high-five. It has a feature where you can search for and “Find your true travel soulmate” real quick. Also share all those beautiful pictures, the heart-warming stories, crazy adventures and amazing experiences with people who would love to see and read. Join your Interest Network, meet like-minded people – Make your own trips and Leave to explore the world!

    How? It’s simple

    1. Make your Travel Buckets
    2. Find Travel Soul mate with common buckets as yours.
    3. Visit the Profile of your Travel Soul mates, Choose the one you are Ok with.
    4. Make your Group and Start making Travel plans with your Travel Soulmate

    This app is the version 10.0 of Solo Travelling. A ten times bigger door to enter the unexplored world. There are more people to meet than places to see or vice versa. The app offers you limitless options to travel and meet like-minded people. It brings to you expert advice, guidance and company of people who have traveled the world far and long, as your Trip Crafters. It lets you take trips, explore the world, connect with people you never knew existed and share your travel stories with the whole wide world. With this app, you not merely travel solo but you travel solo, together.

    Shefali Walia, founder and chief traveler, WeTravelSolo comments, “WeTravelSolo is a trend-setter in its concept and has been fondly incorporated in the discussion among travel enthusiasts, especially the solo travellers. With the inception of the company the introduction of this concept on mobile app was impending and we are happy to finally introduce the app. WeTravelSolo, as indicated in its brand name, intends to redefine the concept of solo-travel. With the app, the solo trips no longer have to feel lonely and will be free from the bugs of travelling all on their own. Their adventure now can be free of risks. The fast-growing popularity of this app among solo travellers will not only change the previous concepts of solo-travel but also invite more travel enthusiasts. The growing connectivity is preliminary to bringing the travel enthusiasts together and making the concept work.”
    So, it’s not just any travel app but a Travel Soul Mate.

  • WeTravelSolo Launches Mobile App for Solo Travellers

    WeTravelSolo Launches Mobile App for Solo Travellers

    MUMBAI  WeTravelSolo, India’s first solo traveller community cum Interest network has taken a step ahead to bring solo travellers and travel enthusiasts under an easily-accessible forum with its release of a mobile app. The app has been made available for download on all Android enabled platforms. 

    WeTravelSolo, the online Solo Traveler’s community brings the world on the top of your palm. Always a strong believer of the words- there are places to see and people to meet, WeTravelSolo revamps the statement so amazingly that living the reality of those words is as easy as a high-five. It has a feature where you can search for and “Find your true travel soulmate” real quick. Also share all those beautiful pictures, the heart-warming stories, crazy adventures and amazing experiences with people who would love to see and read. Join your Interest Network, meet like-minded people – Make your own trips and Leave to explore the world!

    How? It’s simple

    1. Make your Travel Buckets
    2. Find Travel Soul mate with common buckets as yours.
    3. Visit the Profile of your Travel Soul mates, Choose the one you are Ok with.
    4. Make your Group and Start making Travel plans with your Travel Soulmate

    This app is the version 10.0 of Solo Travelling. A ten times bigger door to enter the unexplored world. There are more people to meet than places to see or vice versa. The app offers you limitless options to travel and meet like-minded people. It brings to you expert advice, guidance and company of people who have traveled the world far and long, as your Trip Crafters. It lets you take trips, explore the world, connect with people you never knew existed and share your travel stories with the whole wide world. With this app, you not merely travel solo but you travel solo, together.

    Shefali Walia, founder and chief traveler, WeTravelSolo comments, “WeTravelSolo is a trend-setter in its concept and has been fondly incorporated in the discussion among travel enthusiasts, especially the solo travellers. With the inception of the company the introduction of this concept on mobile app was impending and we are happy to finally introduce the app. WeTravelSolo, as indicated in its brand name, intends to redefine the concept of solo-travel. With the app, the solo trips no longer have to feel lonely and will be free from the bugs of travelling all on their own. Their adventure now can be free of risks. The fast-growing popularity of this app among solo travellers will not only change the previous concepts of solo-travel but also invite more travel enthusiasts. The growing connectivity is preliminary to bringing the travel enthusiasts together and making the concept work.”
    So, it’s not just any travel app but a Travel Soul Mate.

  • Q3-2016: Just Dial revenue up 11 percent; PAT down 16 percent

    Q3-2016: Just Dial revenue up 11 percent; PAT down 16 percent

    BENGALURU: Indian search engine and directory services provider Just Dial Limited (Just Dial) reported a 11 percent rise its total income from operations (TIO) in the quarter ended December 31, 2015 (Q3-2016, current quarter) to Rs 171.33 crore as compared 154.42 crore and was flat QoQ as compared to Rs 171.27 crore.

     

    Let us look at the other numbers reported by Just Dial

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    The numbers in this report are unaudited and unconsolidated.

     

    Just Dial’s YoY PAT for Q3-2016 decreased 16 percent to Rs 26.99 crore (15.8 percent of TIO) as compared to Rs 32.14 crore (20.8 percent of TIO) and was 41.7 percent lower QoQ than Rs 46.30 crore (27 percent margin).

     

    Simple EBIDTA in Q3-2016 at Rs 37.40 crore (21.8 percent margin) was 25.4 percent lower YoY at Rs37.40 crore (21.8 percent margin) as compared to Rs 50.11 crore (32.5 percent margin) and was 5.8 percent lower QoQ as compared to Rs 39.72 crore (23.2 percent margin).

     

    The company’s Total Expenditure (TE) in Q3-2016 at Rs 142.01 crore (82.9 percent of TIO) was 2.6 percent higher YoY as compared to Rs 110.42 crore (71.5 percent of TIO) and was 1.8 percent higher QoQ as compared to Rs 139.44 crore.

     

    Employee Benefit Expense (EBE) is the major expense head for Just Dial. EBE in Q3-2016 at Rs 95.36 crore (55.7 percent of TIO) was 21.3 percent more YoY as compared to Rs 78.64 crore (50.9 percent of IO), but was 0.9 percent lower QoQ as compare to Rs 96.18.

  • Q3-2016: Just Dial revenue up 11 percent; PAT down 16 percent

    Q3-2016: Just Dial revenue up 11 percent; PAT down 16 percent

    BENGALURU: Indian search engine and directory services provider Just Dial Limited (Just Dial) reported a 11 percent rise its total income from operations (TIO) in the quarter ended December 31, 2015 (Q3-2016, current quarter) to Rs 171.33 crore as compared 154.42 crore and was flat QoQ as compared to Rs 171.27 crore.

     

    Let us look at the other numbers reported by Just Dial

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    The numbers in this report are unaudited and unconsolidated.

     

    Just Dial’s YoY PAT for Q3-2016 decreased 16 percent to Rs 26.99 crore (15.8 percent of TIO) as compared to Rs 32.14 crore (20.8 percent of TIO) and was 41.7 percent lower QoQ than Rs 46.30 crore (27 percent margin).

     

    Simple EBIDTA in Q3-2016 at Rs 37.40 crore (21.8 percent margin) was 25.4 percent lower YoY at Rs37.40 crore (21.8 percent margin) as compared to Rs 50.11 crore (32.5 percent margin) and was 5.8 percent lower QoQ as compared to Rs 39.72 crore (23.2 percent margin).

     

    The company’s Total Expenditure (TE) in Q3-2016 at Rs 142.01 crore (82.9 percent of TIO) was 2.6 percent higher YoY as compared to Rs 110.42 crore (71.5 percent of TIO) and was 1.8 percent higher QoQ as compared to Rs 139.44 crore.

     

    Employee Benefit Expense (EBE) is the major expense head for Just Dial. EBE in Q3-2016 at Rs 95.36 crore (55.7 percent of TIO) was 21.3 percent more YoY as compared to Rs 78.64 crore (50.9 percent of IO), but was 0.9 percent lower QoQ as compare to Rs 96.18.