Bengaluru-based VerSe Innovation, the parent company of Dailyhunt and Josh, reported strong financial performance in FY25, with revenue from operations surging 88 per cent year-on-year to Rs 1,930 crore, up from Rs 1,029 crore in FY24. Total revenue grew 64 per cent to Rs 2,071 crore, while revenue from operations excluding acquisitions rose 33 per cent to Rs 1,373 crore.
The company also narrowed losses, with EBITDA burn (excluding non-cash expenses) improving by 20 per cent to Rs 738 crore in FY25 from Rs 920 crore in FY24. EBITDA margin improved from –89 per cent to –38 per cent. Cost efficiencies played a key role, with cost of services as a percentage of revenue falling to 77 per cent from 112 per cent and other operating expenses reducing to 61 per cent from 77 per cent.
VerSe expects to achieve group-level break-even and profitability in the second half of FY26, backed by AI-led monetisation through NexVerse.ai, subscription growth via Dailyhunt Premium, community engagement on Josh, and strategic acquisitions such as Magzter and ValueLeaf.
The company said its strong capital base and continued focus on AI-driven innovation position it to lead India’s digital content and creator economy, while delivering long-term stakeholder value, |
