ShareChat parent Mohalla Tech cuts FY25 EBITDA losses by 72%, eyes 30% revenue growth in FY26

Mohalla Tech Pvt. Ltd., the parent company of ShareChat and Moj, said it reduced its adjusted EBITDA loss by 72% to Rs 219 crore in FY25 from Rs 793 crore in the previous fiscal year, driven by cost-cutting and improved operational efficiency.

Operating revenue, however, grew marginally to Rs 723 crore from Rs 718 crore in FY24.

The company’s co-founder and CFO, Manohar Singh Charan, said the focus during FY25 was on unit-level profitability rather than topline expansion. 

“This was the last leg of our profitability journey, so we traded off revenue growth for unit economics,” he said, adding that Mohalla Tech expects 30% year-on-year revenue growth in FY26. The company reported an annual recurring revenue (ARR) of Rs 1,000 crore by the end of the first half of FY26.

Besides its flagship social media platform, ShareChat also operates Moj, a short-video app, and in May entered the fast-growing microdrama segment with QuickTV.

The new platform, which runs on a subscription model, has surpassed 15 million downloads and has become the country’s second most popular microdrama app. Mohalla Tech also distributes microdramas for free on ShareChat and Moj, monetizing them through advertisements.

The company earns through three primary streams: advertisements, live streaming, and subscriptions. Its ad revenue came under pressure in FY25 due to lower spending from real-money gaming firms following an increase in goods and services tax (GST) and a subsequent government ban. Live-streaming revenue, by contrast, grew 7-8%.

The company, which has raised about $1.3 billion from investors including Twitter (now X), Alkeon Capital, Moore Strategic Ventures, and Tencent, last year secured $65 million in debt across two tranches.