<ul><li>VerSe Innovation, the parent company of DailyHunt and Josh, reduced its EBITDA burn by 51% to Rs 710 crore in FY24.</li><li>The decrease in EBITDA burn was achieved by reducing business promotion expenses by 65% and lowering the cost of services by 16.85%.</li><li>VerSe Innovation reported a 13% decline in operating revenue for FY24, from Rs 1,448 crore to Rs 1,261 crore. However, it aims to achieve break-even in H2 2025.</li><li>VerSe Innovation expects over 75% revenue growth in FY25, driven by AI-driven innovation and diverse revenue streams.</li></ul>

DailyHunt parent VerSe Innovation reduces EBITDA burn by 51% in FY24

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