Financial Performance Highlights

Consolidated Results (Q2 FY27):

  • Operating Revenue: ₹545 crores, up 9.4% YoY (Q2 FY26: ₹498 crores) and 5.5% QoQ (Q1 FY27: ₹516 crores)
  • Operating Expense: ₹526 crores, up 5.6% YoY (Q2 FY26: ₹498 crores) and 3.4% QoQ (Q1 FY27: ₹509 crores)
  • Operating EBITDA: ₹19 crores, significantly improved from -₹0.5 crores in Q2 FY26 and ₹8 crores in Q1 FY27
  • Operating EBITDA Margin: 3.4% (Q2 FY26: -0.1%, Q1 FY27: 1.5%)

Consolidated Results (H1 FY27):

  • Operating Revenue: ₹1,061 crores, up 9.9% YoY (H1 FY26: ₹966 crores)
  • Operating Expense: ₹1,035 crores, up 7.6% YoY (H1 FY26: ₹962 crores)
  • Operating EBITDA: ₹26 crores, up 615.6% YoY (H1 FY26: ₹4 crores)
  • Operating EBITDA Margin: 2.5% (H1 FY26: 0.4%)

Standalone Results (Q2 FY27):

  • Revenue from Operations: ₹458.3 crores (Q2 FY26: ₹477.2 crores)
  • Total Income: ₹472.7 crores (Q2 FY26: ₹478.8 crores)
  • Loss Before Tax: ₹(62.9) crores (Q2 FY26: ₹(70.1) crores)
  • Loss for the Period: ₹(63.0) crores (Q2 FY26: ₹(70.1) crores)
  • Total Comprehensive Income: ₹(64.4) crores (Q2 FY26: ₹(73.9) crores)

Operational Highlights

Digital Leadership:

  • Network18 maintained #1 position as India's digital news/information network with 330+ million monthly users (68% reach in segment)
  • YouTube dominance with over 15 billion video views (+17% YoY), approximately 2x views of nearest competitor
  • Total social footprint crossed 470 million followers
  • Moneycontrol Pro remains India's #1 subscription-based financial intelligence platform with over 1 million paid subscribers
  • News18.com saw 7% increase in average session duration
  • Firstpost YouTube channel subscriber count nearing 10 million with 700+ million social ecosystem views

Television Industry Context:

  • Television ratings data suspended for over 6 months for news genre and 3+ months for other genres
  • Suspension due to BARC's license renewal issue under Television Ratings Policy, 2026
  • Prior to suspension, Network18 was India's #1 TV news network with 13.8% all-India viewership share and 230 million monthly reach
  • Leadership positions: CNBC-TV18 (#1 Business channel with 63.3%+ share), News18 India (#1 Hindi news channel with 12.8% share), CNN-News18 (#1 English news channel with 36.0% share)

Corporate Development

  • The National Company Law Tribunal, Mumbai Bench approved the Scheme of Amalgamation of News18 Marathi Private Limited with Network18 Media & Investments Limited vide order dated 22nd October, 2026
  • The Scheme will become effective after fulfillment of all conditions precedent
  • News18 Marathi became a wholly owned subsidiary on 29th October, 2025

Management Commentary

Mr. Adil Zainulbhai, Chairman, stated: "We delivered a resilient operating performance during the quarter despite a challenging and dynamic macroeconomic environment. While external factors continued to influence industry sentiment and consumer demand, our focus remained firmly on strengthening our core offerings, enhancing audience engagement, and driving execution across our businesses."

Investor Communication

  • The update is available on the company's website at https://www.nw18.com/network18/finance
  • For further information, contact Saurabh Garg at saurabh.garg@nw18.com