Gaana narrows losses, but its revenue growth has slowed down
Posted on: 21 septembre 2021, by : Stuart Dredge

As one of the biggest streaming services in India, Gaana is a useful bellwether for the market as a whole.
New figures show that in its last financial year, which ended in March 2021, the company’s operating revenue grew by just 2.6% to 1.23bn rupees (around $16.7m) while its losses fell by 7% – but were still 3.27bn rupees ($44.4m).
The figures come from Billboard’s profile of the Indian market, honing in on its continued struggle to persuade people to pay for music subscriptions.
The post Gaana narrows losses, but its revenue growth has slowed down appeared first on Music Ally.
Source: Music ally

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