Edtech startup Byju’s has released its FY22 earnings statement, revealing that its core business continues to suffer losses. The company reported EBITDA losses of Rs 2,253 crore in FY22, only slightly lower than the losses of Rs 2,406 crore in FY21. However, revenues increased significantly to Rs 3,569 crore in FY22 from Rs 1,552 crore in FY21. Byju’s core business includes its K-12 segment, tuition centers, and online exam prep division, excluding recent acquisitions.
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