{"id":173152,"date":"2026-01-15T07:30:48","date_gmt":"2026-01-15T12:30:48","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=173152"},"modified":"2026-01-15T07:30:48","modified_gmt":"2026-01-15T12:30:48","slug":"network-18-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/network-18-q3-fy26-earnings-results\/","title":{"rendered":"Network 18 Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Network 18 Media &amp; Investments is engaged in activities spanning across Digital Content, Print and Allied Businesses.<\/p>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Q3 FY26 Earnings Results<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b9500.4 crore, up 4.9% QoQ from \u20b9477.2 crore in Q2 FY26 and up 5.0% YoY from \u20b9476.4 crore in Q3 FY25.<\/li>\n\n\n\n<li>Operating EBITDA: \u20b911.8 crore, vs \u20b97.4 crore in Q2 FY26 and \u20b911.6 crore in Q3 FY25; EBITDA margin at 2.4%, improving 90 bps QoQ from 1.5%.<\/li>\n\n\n\n<li>Operating Expenses: \u20b9488.6 crore, up 5.1% YoY in line with revenue growth.<\/li>\n\n\n\n<li>Advertising environment: TV news industry advertising inventory demand declined by more than 10% YoY; Network18\u2019s inventory decline was lower than industry, enabling outperformance in revenue.<\/li>\n\n\n\n<li>9M FY26 performance: Revenue \u20b91,408 crore, up 2.4% YoY; Operating EBITDA \u20b923.4 crore, up 10.6% YoY despite last year\u2019s high election\u2011driven base.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Business &amp; Platform Metrics \u2013 Q3 FY26<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>TV Network scale: Portfolio of 20 channels, including 14 regional channels; retains position as India\u2019s largest TV news network.<\/li>\n\n\n\n<li>All\u2011India TV viewership share: 14.2%, up 110 bps YoY; monthly reach over 230 million viewers, ~45% higher than the nearest competitor.<\/li>\n<\/ul>\n\n\n\n<p>Channel leadership:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>CNBC\u2011TV18: 43.1% share in business news.<\/li>\n\n\n\n<li>News18 India: 13.2% share, leading Hindi news.<\/li>\n\n\n\n<li>CNN\u2011News18: 36.1% share, leading English news.<br>Regional: Leadership in Marathi and Kannada; strong positions in West Bengal and key Hindi\u2011speaking regional markets.<br>Digital reach: Nearly 300 million monthly users, ~72% reach in digital news &amp; information segment.<br>Digital video &amp; social: >16 billion YouTube video views in Q3 (2.5x nearest competitor); 386 million total social media followers.<br>Moneycontrol: ~2x page views and >3x time spent vs closest rival; Moneycontrol Pro crosses 1 million paid subscribers, India\u2019s largest digital news subscription platform.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Management Commentary &amp; Strategic Decisions<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management highlighted resilient <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/3109d965-2c73-4607-ba83-d85ab597ec5c.pdf\" target=\"_blank\" rel=\"noopener\">growth in operating revenue<\/a> despite a sharp industry\u2011wide ad slowdown, driven by leadership across TV and digital and diversified language presence.<\/li>\n\n\n\n<li>Operating EBITDA margin expansion QoQ was attributed to disciplined cost control and better utilisation even as expenses grew broadly in line with revenue.<\/li>\n\n\n\n<li>Creator18 vertical: Expanded to 60+ exclusive creators; top 10 creators have >2 billion unduplicated reach, enabling campaigns for brands such as Swiggy, Samsung, OpenAI and Quillbot.<\/li>\n\n\n\n<li>Content innovation: Launched first creator\u2011led TV show, \u201cViral Baat Raunac Ke Saath,\u201d on News18 India to blend creator economy with broadcast reach.<\/li>\n\n\n\n<li>CNN partnership renewal: 10\u2011year extension with CNN International; CNN\u2011News18 to expand digital footprint (YouTube, connected TV) to international markets, strengthening global audience reach.<\/li>\n\n\n\n<li>Chairman Adil Zainulbhai: Emphasised that Network18 continues to \u201cdefy industry trends\u201d with resilient performance in a weak macro environment and expressed confidence that government steps to boost consumption will benefit the company while it maintains focus on being India\u2019s premier news destination.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Network-18-Q3-FY26-Earnings-Results-1-839x1024.png\" alt=\"Network 18 Q3 FY26 Earnings Results\" class=\"wp-image-173154\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Network-18-Q3-FY26-Earnings-Results-1-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Network-18-Q3-FY26-Earnings-Results-1-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Network-18-Q3-FY26-Earnings-Results-1-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Network-18-Q3-FY26-Earnings-Results-1-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Network-18-Q3-FY26-Earnings-Results-1.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Q2 FY26 Earnings Results<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b9477.2 crore, up 2.6% QoQ from ~\u20b9463 crore in Q1 FY26 and up 7.2% YoY from \u20b9445.3 crore in Q2 FY25.<\/li>\n\n\n\n<li>Operating Expenses: \u20b9469.8 crore in Q2 FY26.\u200b<\/li>\n\n\n\n<li>Operating EBITDA: \u20b97.4 crore vs ~\u20b94.5 crore in Q2 FY25; EBITDA margin at 1.5%, vs ~1.0% in Q2 FY25 and 1.6% in Q1 FY26.\u200b<\/li>\n\n\n\n<li>Consolidated total income: \u20b9500.84 crore vs \u20b9478.01 crore in Q1 FY26.\u200b<\/li>\n\n\n\n<li>Consolidated net profit: \u20b940.68 crore vs profit \u20b9148.03 crore in Q1 FY26 and loss \u20b995.84 crore in Q2 FY25, indicating a strong YoY turnaround though lower sequentially as exceptional income normalised.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Management Commentary &amp; Strategic Directions<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management noted that news\u2011business operating revenue grew 7% YoY despite around 7% YoY decline in TV news industry inventory demand, driven by stronger yields and better inventory utilisation.<\/li>\n\n\n\n<li>Cost discipline and operating leverage enabled a swing from consolidated loss in Q2 FY25 to profit in Q2 FY26, even as the ad environment remained challenging.<\/li>\n\n\n\n<li>Portfolio actions: Strengthened regional footprint, including acquiring the remaining stake in News18 Lokmat to deepen presence in key markets.<\/li>\n\n\n\n<li>Digital strategy: Continued investment in digital news and streaming platforms and tighter integration between TV and digital newsrooms to capture the ongoing shift in consumption while leveraging TV leadership.<\/li>\n\n\n\n<li>These Q2 initiatives in revenue growth, cost control and portfolio optimisation laid the foundation for the sequential improvement in revenue and margin seen in Q3 FY26.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Network 18 Media &amp; Investments is engaged in activities spanning across Digital Content, Print and Allied Businesses. Q3 FY26 Earnings Results Business &amp; Platform Metrics \u2013 Q3 FY26 Channel leadership: Management Commentary &amp; Strategic Decisions Q2 FY26 Earnings Results Management Commentary &amp; Strategic Directions To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;click here&nbsp; [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":173153,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5749],"tags":[12109],"class_list":["post-173152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-entertainment-stocks","tag-media-entertainment"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Network-18-Q3-FY26-Earnings-Results.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":173194,"url":"https:\/\/alphastreet.com\/india\/tips-music-q3-fy26-earnings-results\/","url_meta":{"origin":173152,"position":0},"title":"Tips Music Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 20, 2026","format":false,"excerpt":"Tips Industries Limited, incorporated in 1996, is engaged in the business of Production and Distribution of motion Pictures and acquisition and exploitation of Music of Rights. The company is also a leading producer of Punjabi films in the country. Q3 FY26 Earnings Results Revenue from Operations: \u20b994.3 crore, up 6.0%\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Tips Music Q3 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tips-Music-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tips-Music-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tips-Music-Q3-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tips-Music-Q3-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tips-Music-Q3-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tips-Music-Q3-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":173146,"url":"https:\/\/alphastreet.com\/india\/oriental-hotels-q3-fy26-earnings-results\/","url_meta":{"origin":173152,"position":1},"title":"Oriental Hotels Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 14, 2026","format":false,"excerpt":"Oriental Hotels Limited is an associate company of The Indian Hotels Company Limited (IHCL). 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It is a global A2P(application to person) messaging platform provider.\u00a0 Q3 FY26 Earnings Results Revenue from Operations: \u20b91,121 crore, up 3.9% QoQ\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Tanla Pltfroms Q3 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-33.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-33.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-33.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-33.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-33.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-33.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":173231,"url":"https:\/\/alphastreet.com\/india\/mastek-q3-fy26-earnings-results\/","url_meta":{"origin":173152,"position":5},"title":"Mastek Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 21, 2026","format":false,"excerpt":"Established in 1982, Mastek is a provider of vertically-focused enterprise technology solutions. Having its presence in IT industry for almost 4 decades, Mastek Ltd has evolved from an IT solutions provider to Digital transformation partner. 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