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Pocket FM's revenue soared over 496% to $130 million in FY24, driven by microtransactions and AI.
Pocket FM, an audio streaming platform, saw its revenue surge over 496% to ₹1,051.97 crore ($130 million) in FY24 from ₹176.36 crore ($22 million) in FY23.
The growth was driven by a significant increase in microtransaction-led subscription revenue, which rose to ₹934.73 crore, accounting for 85% of total revenue.
The company also cut its losses by 21% and expanded into markets like the US, Europe, and Latin America.
Pocket FM's success is attributed to its AI-driven content delivery and a focus on user engagement and diverse content creation.
5 months ago
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