Pocket FM records Rs 131 crore revenue in FY23

Audio entertainment platform Pocket FM has increased its FY23 revenue by almost 7.5 times year on year to Rs 131 crore while reducing the loss by 56% to Rs 76 crore, the company’s filings with the Registrar of Companies (RoC) show.

Pocket FM, which is the India subsidiary of Pocket FM US Corp., has recorded subscription revenue of Rs 83 crore, a growth of over five times. The company, which is in its pilot stage for its brand and ad solutions streams, has seen its ad revenue soar over 13 times to Rs 12 crore.