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InShorts posts $18.9 million revenue in FY22, advertising costs increase to $21.6 million

  • News aggregator InShorts posted $18.9 million in revenue for FY22.
  • Advertising costs rose to $21.6 million during the same period.
  • Despite raising $100 million across two rounds during FY22, the company only saw a 45% growth in its operating scale.
  • Losses widened by 72% during the same period.
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