Network18 Media & Investments Limited has informed the Exchange regarding a press release dated July 15, 2025, titled "Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Investors Update".
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Network18 reported Q1 FY26 (quarter ended June 30, 2025) results with news business operating revenue of Rs. 430 crore, down about 5% YoY on a high base that had election-linked ad spending. Operating costs were cut 5.3% YoY, lifting news business operating EBITDA to Rs. 4 crore from Rs. 2 crore (up 68.5% YoY) and improving EBITDA margin to 1.0% from 0.5%. On a standalone basis, the company posted a loss of Rs. 70.8 crore before exceptional items, but reported a profit of Rs. 516.2 crore after booking a Rs. 587 crore exceptional gain from the fair valuation of its 24.5% stake in Eenadu Television, whose voting rights were assigned to the ETPL promoter from July 7, 2025. Consolidated revenue was Rs. 467.9 crore and consolidated PAT was Rs. 148.9 crore after a Rs. 150.6 crore exceptional item. The company highlighted that TV news industry ad inventory fell over 20% YoY due to weak consumer demand and a sports-heavy quarter, but it maintained #1 positions in digital reach (300mn+ monthly users), TV news viewership, and key markets like Hindi, English, and business news, while Moneycontrol Pro crossed 1 million paid subscribers.
The headline PAT is not reflective of operating performance as it is driven entirely by a one-time fair value gain on the Eenadu stake; core news business remains marginal with sub-1% EBITDA margins despite YoY improvement. Soft ad environment and the loss of Eenadu's voting rights are negatives, but subscription growth (Moneycontrol Pro, new paid offerings) and tight cost control offer some medium-term comfort for shareholders.