Q4 & FY26 Earnings Presentation

Amagi Media Labs reported strong FY26 results with revenue of ₹1,506 Cr, up 30% Y/Y. The company achieved its first PAT-positive year at ₹71.7 Cr (vs FY25 loss of ₹69 Cr), with adjusted EBITDA of ₹155.7 Cr, up 563% Y/Y and margin expanding 8 percentage points to 10.3%. Q4 FY26 revenue was ₹397 Cr (29% Y/Y growth) with PAT of ₹34.3 Cr. Operating leverage improved significantly with cost as % of revenue declining from 98% in FY24 to 90% in FY26. Revenue quality strengthened with NRR at 126% for third consecutive year above 120%, and $1M+ customers increased 25% Y/Y to 35. Cash position strengthened to ₹1,664 Cr with operating cash flow of ₹60 Cr, up 80% Y/Y. The company sees three structural tailwinds: cloud modernization ($1.9Bn SAM), streaming growth (48% of US TV viewing), and CTV monetization ($42.5Bn global ad spend). FY27 focus areas are durable revenue growth, operating leverage, and cash conversion.