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

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.