Question

Read the news item given below and answer the questions that follow:

Online news aggregator, InShorts, saw its loss widen by over a third during the year ended March 2023, to ₹ 309·7 crore, from ₹ 231·8 crore in fiscal 2022, as expense rose faster than revenue. Advertisement income – the company gets most of its ads on its app-increased 4·3% to ₹ 147 crore. The remainder of its income came from support services.

1. Mention whether Advertising income is an operating income or a non-operating income for InShorts.
2. What is the percentage increase in loss of InShorts in the fiscal year 2022-23 as compared to 2021-22?

Answer 1

1. Advertising income is the core revenue source for InShorts. Hence, advertising income will be operating income for InShorts.
2. Percentage increase in loss
   = `((309.7 - 231.8))/231.8xx100`
   = 33.60%