Network18 Media & Investments reported a 10.3% year-on-year rise in consolidated operating revenue for Q1FY27, climbing to Rs 516 crore from Rs 468 crore a year earlier. Operating EBITDA doubled to Rs 8 crore, even as expenses rose 9.7% to Rs 509 crore.
State elections in West Bengal and Tamil Nadu gave advertising revenue a lift, though non-government ad demand stayed soft amid the West Asia conflict and monsoon concerns. The company’s ad inventory consumption grew 10% YoY – well ahead of the industry’s estimated 3% – while non-government inventory rose 2% against an industry-wide decline of over 10%.
Network18 credited its television-digital portfolio and rising Connected TV monetisation for the outperformance. On digital, it remains India’s largest news network by reach, with 350 million+ monthly users, over 32 billion social video views (up 31% sequentially), and a combined social following past 472 million. Fifteen of its channels ranked #1 in their categories in June.
Moneycontrol crossed one million Moneycontrol Pro subscribers and added new lending partners including Muthoot Finance and Rupeek, alongside a new Portfolio X-Ray feature. News18.com saw an 8% rise in unique users, while Firstpost logged 270 million+ YouTube views, over half from outside India.
Chairman Adil Zainulbhai called it “a mixed quarter,” citing election-driven ad gains offset by geopolitical and ratings-related headwinds – while affirming the company remains focused on strengthening its products for when the macro environment turns.
