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ShareChat Slashes FY25 Losses as Ad Slowdown Pushes Pivot to Subscriptions

The Google-backed firm is steering growth to paid micro-dramas on QuickTV to offset weaker advertising tied to India’s real-money gaming crackdown.

Overview

  • Loss before tax fell 42% to Rs 1,105 crore in FY25, while revenue edged up 0.7% to Rs 723.4 crore.
  • Adjusted EBITDA loss narrowed to Rs 219 crore after a roughly 30% cut in costs to Rs 1,862.1 crore, and the core ShareChat app turned cash-generative in February.
  • Advertising revenue declined 8% to Rs 290 crore, which management linked to real-money gaming advertisers pulling back after the new Online Gaming Act and a softer digital ad market.
  • ShareChat is concentrating more than 75% of growth investment on micro-dramas and QuickTV, expecting that vertical to turn cash positive before FY26 ends and begin profitability by mid-FY27.
  • The company says it has surpassed Rs 1,000 crore in annual recurring revenue, is guiding to about 30% revenue growth in FY26, and reported live-streaming revenue up 7.7% to Rs 434 crore.