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BookMyShow FY24 revenue jumps 43% on live events growth; online ticketing drives profitability

Economic Times · 8m

BookMyShow, an online entertainment ticketing platform, experienced a 43% YoY increase in scale, driven by significant growth in its live events segment. The company achieved profitability in FY23 and saw its net profit grow further in FY24 due to strong revenue growth. Online ticketing remains the biggest revenue and profit contributor, while the live events segment recorded a loss. BookMyShow faces competition from Zomato, which acquired Paytm's events and ticketing business, and is organizing large-scale music concerts. Operating cash flows decreased due to increased operational expenses, and total expenditure rose by 40%. BookMyShow leads India's entertainment ticketing market with a 75% market share. Uncertainty surrounds a planned investment by PE firm KKR following Zomato's acquisition.