Financial Performance Highlights

Q1 FY27 Key Metrics (₹ Crore)

| Metric | Q1 FY26 | Q1 FY27 | YoY Change |

| Revenue from Operations | 265 | 350 | +32% |

| Adjusted EBITDA | 17 | 50 | +194% |

| Adjusted EBITDA Margin | 6.4% | 14.3% | +7.9 ppts |

| PAT (Profit After Tax) | 4 | 36 | +800% |

| PAT Margin | 1.5% | 10.3% | +8.8 ppts |

Cash Flow Summary (₹ Crore)

| Particulars | Q1 FY26 Reported | Q1 FY26 Ex one-time | Q1 FY27 Reported | Q1 FY27 Ex one-time |

| Adjusted EBITDA | 17 | 17 | 50 | 50 |

| Operating Cash Flow | (141) | (84) | (65) | (41) |

| Capex | (2) | (2) | (2) | (2) |

| Free Cash Flow | (143) | (86) | (68) | (43) |

One-time items: IPO- and buyback-related cash costs within working capital: ₹(57) Cr in Q1 FY26 and ₹(25) Cr in Q1 FY27. The 'Ex one-time' columns exclude these costs.

Cash Position: Cash, bank & treasury investments increased from ₹741 crore to ₹1,616 crore.

Operational & Business Highlights

Market Opportunity

The presentation cites a 1Lattice Report (CY2024 data) defining a Total Addressable Market (TAM) of $16.9B across three categories:

  • Cloud Modernization ($6.2B): Broadcast content preparation, live production and cloud operations.
  • Streaming Unification ($3.7B): Video workflows across the streaming ecosystem.
  • Monetization & Marketplace ($7.0B): Ad-related operations and monetization.

Management directionally estimates that AI could potentially nearly double this TAM over time, though this is noted as an estimate under calibration and not a forecast.

Platform Scale & Customer Base

  • 400+ Content Providers
  • 400+ Distributors
  • 80+ Advertisers

Q1 FY27 Customer Wins & Proof Points

Broadcast and FAST Unification (Cloud Modernization + Streaming Unification)
  • ABC Commercial (Australia): Launched 4 FAST channels on LG Channels across multiple markets using Amagi for origination, distribution, and monetization.
  • A US news network: Moved broadcast operations to Amagi CLOUDPORT, unifying FAST and linear workflows.
  • A major US broadcaster: Expanded to 25 FAST channels on Amagi CLOUDPORT, unifying FAST with existing broadcast.
  • A major US television network: Added 15 FAST channels on Amagi CLOUDPORT across multiple FAST platforms.
  • A Middle East television network: Added 4 broadcast channels on Amagi CLOUDPORT and selected Amagi THUNDERSTORM for monetization.
  • An Asia Pacific television network: Signed a Managed Services engagement for 6 broadcast and FAST channels, utilizing Amagi AI Smart Scheduler.
Monetization & Marketplace
  • TV9 (India): Selected Amagi to manage live feeds, expand CTV distribution, and drive monetization.
  • A large US FAST platform: Selected Amagi ADS PLUS and THUNDERSTORM to monetize in-content ad formats.
Amagi INTELLIGENCE (AI)
  • A large US news network: Chose Amagi NEWSPULSE for AI transformation of newsrooms, automating editorial workflows.

M&A Strategy

Amagi reported an active M&A deal pipeline and is evaluating opportunities since January 2026, described as "active evaluation, disciplined deployment."

FY27 Focus Areas

Management outlined three key focus areas for the fiscal year:

1. Durable revenue growth

2. Operating leverage

3. Cash conversion

Q2 FY27 Context (Not Guidance)

The presentation provides historical context for Q2, explicitly stating it is not guidance:

  • Q2 FY27 faces a base revenue headwind, diluting Year-on-Year growth by 6% due to revenue-recognition timing benefits in Q2 FY26.
  • Historically, H1 (April-September) contributes approximately 47% of full-year revenue.
  • Historically, H1 contributes approximately 37% of full-year Adjusted EBITDA.

Basis of Preparation & Definitions

The financial results are prepared in accordance with Ind AS and are subject to a limited review by the company's statutory auditors. Key terms like Adjusted EBITDA, Free Cash Flow, and Constant Currency growth are non-Ind AS measures; their definitions are provided in Annexure A. Figures are rounded for presentation, and calculations are based on unrounded figures.

Disclaimer & Forward-Looking Statements

The document contains standard disclaimers stating it is for informational purposes only and not an offer of securities. It includes cautionary language regarding forward-looking statements about future growth, product launches, and financial performance, noting they are subject to risks and uncertainties. The company does not undertake to update these statements.