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Network18 Media & Investments has reported a consolidated profit of ?148.85 crore for the quarter ended June 30, 2025 (Q1 FY26), compared to a loss of ?195.36 crore in the same quarter last year.
In the preceding quarter (Q4 FY25), the company had posted a loss of ?29.09 crore.
Revenue from operations stood at ?467.86 crore in Q1 FY26, down 17% from ?561.32 crore in Q4 FY25 and down 85.1% from ?3,140.92 crore in Q1 FY25.
Total income for the quarter was ?478.01 crore, down from ?564.57 crore in Q4 FY25 and ?3,292.10 crore in Q1 FY25, a 15.3% sequential and 85.5% year-on-year decline.
Other income stood at ?10.15 crore, up from ?3.25 crore in the previous quarter but lower than ?151.18 crore in the year-ago period.
As per the company's media statement, revenue for the quarter declined on a YoY basis as the base quarter had a healthy contribution of election-linked advertising. Further, the ad environment for the genre continued to be soft due to weak consumer demand and a sports-packed quarter. Advertising inventory consumption for the TV news industry declined by more than 20% YoY, highlighting the challenges faced by the segment.
"Despite the dual impact of a weak ad environment and high base, Network18 displayed resilient performance on the back of its strong operating position, with operating revenue down by only 5%. Compared with Q1FY24, which also did not have any significant revenue linked to elections, revenue is up 9%. In view of the soft revenue conditions, the Company maintained a tight control on expenses as operating costs declined by 5% YoY during the quarter,” the statement added.
Adil Zainulbhai, Chairman of Network18, said,
“Another quarter of strong operating performance, however, persisting macro-economic headwinds meant that it did not translate into a commensurate financial performance. Our steady progress across operating metrics over the last few quarters is a testimony to our vision for the business and the strategic execution of our plans. Our new product launches highlight our forward-looking approach and our endeavor to continue diversifying our business and build new avenues of growth.”
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