By Our Staff
In its RoC (Registrar of Companies) filing with the Ministry of Company Affairs, audio series platform Pocket FM has disclosed the financial performance of its India subsidiary for FY2023. The company reported a 647% surge in revenue, reaching Rs.131 crores. It has reduced its loss (before tax) by 56%, amounting to Rs.75.7 crores.
Commenting on its FY23 financial disclosures, Anurag Sharma, Chief Financial Officer, Pocket FM said: “As Pocket FM charts its path in FY2023, our focus is clear: strategic growth, global expansion, and financial resilience. Our commitment to staying financially healthy ensures a strong foundation for scaling up not just in India but also globally. With continuous investments into content and the writers’ community, we look forward to elevating entertainment not just limited to listening experiences but replicating the experience across other formats through IP stronghold.”