Great Learning, Byju’s professional learning platform, lost 28% of its revenue from Rs 307 crore in FY22 to Rs 222 crore in FY23. 48% of revenue was digital content, rising to 6.3% in FY23. For revenue and Term Loan B repayment, Byju’s is considering selling subsidiaries.
Great Learning, Byju’s professional learning platform, dropped 28% from Rs 307 crore in FY22 to Rs 222 crore in FY23.
According to financial filings filed with the Registrar of Companies, Great Learning, acquired by Byju for USD 600 million (nearly 5,000 crores) in July 2021, had approximately 25% revenue growth from Rs 313 crore in FY22 to Rs 391 crore in FY23
The report said digital content made about 48% of overall revenue, growing to 6.3% in FY23 to Rs 187 crore. The unit level cost Rs 1.57 to earn a rupee of operating revenue, according to Entrackr.
Byju’s may sell Great Learning and Epic to raise $800 million and $1 billion to repay its $1.2 billion Term Loan B.
This month, the edtech giant finalized its audited financial reports for 2021-22, reporting that the core business’s EBITDA loss fell to Rs 2,253 crore from Rs 2,406 crore.
From FY21 to FY22, margins improved from -155 to -63 percent.
EBITDA Inflow of money before interest, depreciation, amortisation, and taxes is loss.
Think and Learn Private Ltd. (TLPL), the parent of prominent EdTech startup Byju’s, reported a 2.3-fold gain in core business income to Rs 3,569 crore (from Rs 1,552 crore in 2022).
Conclusion
Great Learning, Byju’s professional learning platform, lost 28% of its revenue from Rs 307 crore in FY22 to Rs 222 crore in FY23. Despite 25% revenue growth, the platform’s digital content revenue amounted for up to 48% of overall revenue, rising to 6.3% in FY23 to Rs 187 crore. Units spent Rs 1.57 every rupee of operating revenue. Byju’s may sell Great Learning and Epic to raise $800 million and $1 billion to repay its $1.2 billion Term Loan B. The edtech giant finalized its audited financial records for 2021-22, showing a fall in EBITDA loss to Rs 2,253 crore from Rs 2,406 crore and a margin improvement from -15% to -63%. In its primary business, Think and Learn Private Ltd. achieved 2.3 times growth, earning Rs 3,569 crore.
