'Consumer platform business saw great growth momentum, delivering 73.3 million converted users for FY20 alone, from 55 million converted users in FY19. Mobile usage and screen time up multiple folds due to work from home/lockdowns. Volume of internet traffic, impressions and clicks considerably increased. This will ultimately help to gain Affle's business with higher momentum.
COVID19 impacted growth for half of Q4FY20 in international markets. The growth in India, the dominant market was strong despite the lockdown and was 100% due to organic business. Registered 33.2% revenue growth YoY in India. International business increased at 27% in the quarter. Acquired business was primary driver of international growth. The organic International business of the company began to see COVID impact from mid Feb onwards. Organic business in international markets therefore decreased 15% YoY.
Travel and hospitality vertical is the first to get impacted not just in develo...
Pleaselogin & subscribe to view the full report.
More Reports
|
|