Network18 Media & Investments Ltd. reported a 27.3% year-on-year increase in consolidated net profit attributable to owners to \u20b951.8 crore for the second quarter of FY27, compared with \u20b940.7 crore in the corresponding quarter of the previous financial year.<\/p>\n\n\n\n
Consolidated revenue from operations increased 9.4% to \u20b9544.7 crore from \u20b9497.8 crore in Q2 FY26. The company also reported a turnaround in operating performance, with operating EBITDA reaching \u20b918.7 crore against a loss of \u20b90.5 crore in the year-ago quarter.<\/p>\n\n\n\n
The performance came despite challenging conditions in the advertising market, where consumption of advertising inventory in the news genre declined during the quarter.<\/p>\n\n\n\n
Source: Network18’s Q2 FY27 financial results and investor update.<\/p>\n\n\n\n
Network18 recorded consolidated revenue from operations of \u20b9544.7 crore in Q2 FY27, compared with \u20b9497.8 crore in the corresponding quarter last year, registering growth of 9.4%.<\/p>\n\n\n\n
The company reported its fifth consecutive quarter of revenue growth, supported by contributions from its content studio subsidiary and the continued development of digital and connected television platforms.<\/p>\n\n\n\n
For the first half of FY27, consolidated operating revenue increased approximately 10% to \u20b91,061 crore from \u20b9966 crore in the corresponding period last year.<\/p>\n\n\n\n
However, the advertising environment remained challenging. Advertising inventory consumption in the news genre declined approximately 13% year-on-year, reflecting subdued demand across parts of the television news market.<\/p>\n\n\n\n
One of the important developments in Network18’s Q2 FY27 performance was the improvement in operating profitability.<\/p>\n\n\n\n
The company reported consolidated operating EBITDA of \u20b918.7 crore, compared with an EBITDA loss of \u20b90.5 crore in Q2 FY26. Its operating EBITDA margin improved to 3.4% from a negative 0.1% in the year-ago quarter.<\/p>\n\n\n\n
The improvement indicates that the company generated positive operating earnings during the quarter despite pressure on advertising demand.<\/p>\n\n\n\n
Sustaining this improvement will remain important as the company continues to invest in its television, digital and content businesses.<\/p>\n\n\n\n
Network18 reported that advertising inventory consumption in the news genre declined approximately 13% during the quarter.<\/p>\n\n\n\n
Corporate advertising expenditure remained affected by several external factors, including the West Asia conflict, weak monsoon conditions and the suspension of television ratings data.<\/p>\n\n\n\n
However, demand for government-linked advertising, including campaigns from central and state governments, public sector undertakings and political parties, remained strong for the second consecutive quarter.<\/p>\n\n\n\n
The contrasting performance across advertising categories highlights the changing demand environment for news broadcasters.<\/p>\n\n\n\n
Network18’s digital platforms continued to report substantial audience reach during Q2 FY27.<\/p>\n\n\n\n
The company’s digital properties recorded approximately 330 million monthly users during the quarter. Its YouTube platforms generated more than 15 billion views, registering growth of 17% year-on-year.<\/p>\n\n\n\n
Moneycontrol Pro also continued to have more than one million paid subscribers, reflecting the company’s presence in the digital financial-content and subscription market.<\/p>\n\n\n\n
The growth in digital audiences and video consumption provides an important platform for Network18’s efforts to expand its digital business and diversify revenue sources.<\/p>\n\n\n\n
Network18’s performance in the coming quarters will depend on advertising demand, digital monetisation, subscription revenue and the company’s ability to sustain operating profitability.<\/p>\n\n\n\n
The recovery in corporate advertising expenditure will remain an important factor for its television and news businesses. At the same time, growth in digital audiences, video views and paid subscriptions could support the company’s longer-term revenue diversification.<\/p>\n\n\n\n
Investors may also monitor operating margins and the contribution of different business segments to overall financial performance.<\/p>\n\n\n\n
Network18 Media & Investments reported a 27.3% year-on-year increase in consolidated net profit attributable to owners to \u20b951.8 crore in Q2 FY27, while revenue from operations grew 9.4% to \u20b9544.7 crore.<\/p>\n\n\n\n
The company also recorded a turnaround in operating EBITDA, which reached \u20b918.7 crore compared with a loss in the corresponding quarter last year.<\/p>\n\n\n\n
Despite subdued advertising demand in the news genre, Network18 continued to expand its digital reach, with approximately 330 million monthly users and more than 15 billion YouTube views during the quarter. Going forward, advertising recovery, digital monetisation and sustained operating profitability will remain important factors influencing its financial performance.<\/p>\n\n\n\n