BookMyShow profit nears Rs 110 Cr in FY24, event biz bleeds

BookMyShow, a leading online ticketing platform, has reported a profit of nearly ₹110 crore in FY24, despite challenges in its event business segment. The company’s overall performance has been boosted by its core ticketing operations, which saw significant growth post-pandemic. However, the event business, which includes live entertainment and concerts, continues to face hurdles due to fluctuating demand and regulatory restrictions. The company is focusing on diversifying its offerings to mitigate losses in the event segment, including expanding into new verticals like gaming and live sports streaming. BookMyShow’s strong profit reflects its resilience and strategic focus on diversifying revenue streams amid evolving market conditions.