Matrimony.com - Healthy Paid Subs Growth; Weak Numbers In Q2 On Seasonality: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Matrimony.com Ltd.’s matchmaking revenues were up 4.7% QoQ, 8.9% YoY to Rs 114.2 crore. This was aided by paid subscription growth while average transaction value was down QoQ as well as YoY due to discounting. Matrimony.com added 250,000 paid subs during the quarter, up 7.2% QoQ and 13.8% YoY, while ATV declined 5.6% QoQ and 4% YoY to Rs 4,553. Marriage services revenue was up 20% QoQ to Rs 1.8 crore while it increased three times over Q1 FY22 on a favorable base. Marriage services Ebitda loss widened to Rs 3.4 crore during the quarter.Billing for matchmaking services was up 1.2% QoQ, 9.5% YoY to Rs 114.6 crore while that of marriage services was up 5.3% QoQ while it was up three times YoY to Rs 2 crore. At the consolidated level, billing increased 1.2% QoQ, 10.7% YoY to Rs 116.5 crore..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Matrimony.com - Healthy Paid Subs Growth; Weak Numbers In Q2 On Seasonality: ICICI Direct

Matrimony.com - Healthy Paid Subs Growth; Weak Numbers In Q2 On Seasonality: ICICI Direct

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