Reliance Industries has disclosed the first full-year financial performance of JioStar, reporting revenue of Rs 34,917 crore and net profit of Rs 3,434 crore for FY26, marking the media arm’s debut year following the merger of Star India and Viacom18.
Speaking at Reliance’s 49th Annual General Meeting, Chairman Mukesh Ambani said the company’s broader media ecosystem, spanning JioStar, Jio Studios, and Network18, delivered EBITDA of Rs 5,842 crore during the year, calling the combined entity India’s most powerful media ecosystem.
The media business formed part of a record year for Reliance overall, which posted consolidated revenue of Rs 11,75,919 crore, up 9.8 per cent year-on-year, with EBITDA climbing to Rs 2,07,911 crore and net profit rising 17.8 per cent to Rs 95,754 crore.
Ambani highlighted JioStar’s scale, noting a 34.7 per cent television viewership share and a daily reach of 389 million viewers, while JioHotstar averaged 451 million monthly active users, making it India’s largest streaming platform. The service recorded a world-record 72.5 million concurrent viewers during the T20 World Cup and crossed one billion downloads.
AI emerged as a central theme of the address. JioStar rolled out ChatGPT-powered conversational discovery, its Tadka micro-content hub, and announced JAMS, an AI-native content production platform spanning ideation to final output. Ambani said the company is also building AI capabilities across Jio, Reliance Retail, and its oil-to-chemicals business, alongside a larger ambition to scale Reliance Intelligence as a sovereign AI infrastructure venture, backed by partnerships with Google, Meta, and NVIDIA.
