New Delhi: Media company Network18 Media and Investments Ltd, controlled by Reliance Industries Ltd, narrowed its consolidated loss in the quarter to 31 December, benefiting from lower finance costs and income from exceptional items.

The company posted a net loss of 2.41 crore in the three months, compared with a net loss of 12.14 crore in the same period a year ago. Revenue rose 8.8% to 905.5 crore from 831.9 crore.

Revenue from Network18 subsidiary TV18 Broadcast Ltd, the company’s television and motion pictures business that also operates news channels CNN-IBN and CNBC TV18, rose 13.8% to 170.25 crore from 149.52 crore.

TV18 posted a net profit of 45.5 crore in the three months to December, an increase of 35% from 33.51 crore in the year-ago period.

BookMyShow, a movie ticketing website owned by Network18, saw average page views grow to 1.9 billion per month in the quarter. BookMyShow wallet activations crossed 2 million users, the company said in a statement.

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