VerSe Innovation revenue jumps 88% in FY25; eyes profitability in H2 FY26

VerSe Innovation, the parent company of Dailyhunt and short-video app Josh, reported improved financial performance for the fiscal year ending March 2025. According to the firm’s press release, operating revenue grew 88% during the fiscal year, while EBITDA burn reduced by 20%.

VerSe Innovation’s operating revenue jumped to Rs 1,930 crore in FY25 from Rs 1,029 crore in FY24, the release said. Total revenue, including other income, stood at Rs 2,071 crore during the year, representing a 64% year-on-year growth. However, on a standalone basis, excluding acquisitions, the main firm’s revenue grew 33% to Rs 1,373 crore in FY25.

As per the release, VerSe reduced its EBITDA burn (excluding non-cash expenses) by 20% to Rs 738 crore in FY25 against Rs 920 crore in FY24. Its EBITDA margin improved from –38% in FY25, compared to -89% in FY24. Meanwhile, the other operating expenses also fell to 61% in FY25 from 77% in the fiscal year ending March 2024.

The firm said that its AI-led monetization, subscription growth, community, creator engagement, and strategic acquisition will lead VerSe to EBITDA positivity and to achieve group-level break-even and profitability in the second half of the ongoing fiscal year (FY26).

The company attributed these gains to efficiency improvements and fiscal prudence. “With a strong capital position, proven ability to scale platforms, and relentless focus on AI-powered innovation, VerSe Innovation is positioned to lead India’s next digital growth wave,” it said in a statement.

VerSe said its acquisitions of Magzter and ValueLeaf are being integrated to deepen monetisation across consumer and enterprise ecosystems. The company claims to serve over 350 million users across platforms.

Backed by global investors including CPP Investments, OTPP, QIA, Carlyle, Google, and Microsoft, VerSe emerged as India’s first unicorn in the local language content space. With FY25 reflecting improved unit economics, its target of achieving profitability by H2 FY26 will be closely watched as the company prepares for its next phase of growth and a potential IPO in the coming years.