Synopsis:
Network18 reported Rs. 467.8 crore in Q1 FY26 revenue, with profitability rebounding to Rs. 149 crore. It became India’s top digital news network, while TV news viewership share improved year-on-year.
During Wednesday’s trading session, shares of one of India’s most diversified media and entertainment conglomerates, and a part of the Reliance Group, surged nearly 13 percent on BSE after announcing financial results for Q1 FY26.
With a market cap of Rs. 9,585 crores, at 11:57 a.m., shares of Network18 Media & Investments Limited were trading in the green at Rs. 62.16 on BSE, up by nearly 11 percent, as against its previous closing price of Rs. 55.86. The stock has delivered negative returns of nearly 26 percent in one year, but has gained by more than 17 percent in the last one month.
What’s the News
According to the latest regulatory filings on the stock exchanges, Network18 Media & Investments Limited announced the financial results for Q1 FY26 on Tuesday after market hours.
For Q1 FY26, Network18 reported a consolidated revenue from operations of Rs. 467.86 crores, reflecting a decline of around 17 percent QoQ compared to Rs. 561.3 crores in Q4 FY25, and a year-on-year decrease of about 85 percent from Rs. 3,141 crores recorded in Q1 FY25.
Network18’s investment in Eenadu Television Private Limited (ETPL) was revalued at fair market value. The Rs. 150.64 crore gain, reflecting the excess of fair value over carrying value, has been reported as an exceptional item in the results.
However, profitability improved notably. Network18 reported a net profit of Rs. 149 crores for Q1 FY26, recovering from a net loss of Rs. 29 crores in Q4 FY25 and Rs. 195.4 crores in Q1 FY25.
The company became the #1 digital news network in the country in terms of reach with a monthly reach of over 300 million users across native and social platforms, and continues to be the largest TV News network; viewership share up 220 bps YoY, driven largely by regional market growth.
On the operational front, the News business reported operating revenue of Rs. 430 crore, down around 5 percent year-on-year, on a high base with election-linked advertising revenue. Operating Expenses fell by 5.3 percent YoY to Rs. 426 crores, while Operating EBITDA stood at Rs. 4 crores, an impressive rise of 68.5 percent YoY.
Network18 Media & Investments Limited, the largest omni-channel news network in India and a part of Reliance Industries Limited (RIL), is engaged in activities spanning across television, print, Internet, digital content, filmed entertainment, e-commerce, mobile content, magazines, and allied businesses.
Written by Shivani Singh
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