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ICICI Direct Report
Matrimony.com Ltd.'s matchmaking revenues were up 4.7% QoQ, 8.9% YoY to Rs 114.2 crore. This was aided by paid subscription growth while average transaction value was down QoQ as well as YoY due to discounting.
Matrimony.com added 250,000 paid subs during the quarter, up 7.2% QoQ and 13.8% YoY, while ATV declined 5.6% QoQ and 4% YoY to Rs 4,553.
Marriage services revenue was up 20% QoQ to Rs 1.8 crore while it increased three times over Q1 FY22 on a favorable base. Marriage services Ebitda loss widened to Rs 3.4 crore during the quarter.
Billing for matchmaking services was up 1.2% QoQ, 9.5% YoY to Rs 114.6 crore while that of marriage services was up 5.3% QoQ while it was up three times YoY to Rs 2 crore. At the consolidated level, billing increased 1.2% QoQ, 10.7% YoY to Rs 116.5 crore.
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