Network18 Media Q3FY26: Revenue Grows 5% YoY Despite Advertising Headwinds
Network18 Media demonstrated resilience in Q3FY26 with standalone revenue growing 5% YoY to ₹500cr despite industry advertising decline. The company maintained its #1 position in Indian news with 14.2% TV viewership share and 300mn digital monthly reach. Consolidated losses narrowed dramatically by 99.62% to ₹5cr, while nine-month operations achieved ₹185cr profit turnaround.

*this image is generated using AI for illustrative purposes only.
Network18 Media & Investments Limited announced its Q3FY26 results, demonstrating resilience in a challenging advertising environment with standalone revenue growth of 5.04% year-on-year to ₹500.42 crore. The company maintained its position as India's #1 news network while navigating continued weakness in macro advertising conditions.
Standalone Financial Performance
The company's standalone operations showed mixed results with revenue growth offset by increased losses due to exceptional items.
| Financial Metric | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹500.42 cr | ₹476.41 cr | +5.04% |
| Total Income | ₹513.56 cr | ₹483.96 cr | +6.12% |
| Total Expenses | ₹569.37 cr | ₹550.23 cr | +3.48% |
| Loss Before Exceptional Items | ₹55.81 cr | ₹66.27 cr | -15.78% |
| Net Loss After Exceptional Items | ₹107.61 cr | Profit ₹3,431.94 cr | - |
Despite advertising inventory demand for the TV News industry declining by more than 10% year-on-year, Network18's inventory utilization decline was lower, enabling the company to deliver strong performance backed by its market positions and diversified portfolio across languages and platforms.
Consolidated Results Show Dramatic Improvement
The consolidated entity demonstrated remarkable recovery with significantly narrowed losses and improved nine-month performance.
| Consolidated Metrics | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹539.37 cr | ₹1,360.50 cr | -60.35% |
| Net Loss | ₹5.29 cr | ₹1,399.91 cr | -99.62% |
| Nine Months Revenue | ₹1,505.04 cr | ₹6,326.60 cr | -76.21% |
| Nine Months Net Profit | ₹184.81 cr | Loss ₹1,747.58 cr | Positive turnaround |
The consolidated net loss narrowed dramatically to ₹5.29 crore from ₹1,399.91 crore in Q3FY25, representing a 99.62% improvement. For the nine months, the consolidated entity achieved a net profit of ₹184.81 crore compared to a loss of ₹1,747.58 crore in the corresponding period.
Market Leadership Across Platforms
Network18 strengthened its position as India's premier news destination with significant market share gains across television and digital platforms.
| Platform Performance | Metric | Achievement |
|---|---|---|
| TV Viewership Share | All India | 14.2% (+110 bps YoY) |
| Digital Monthly Reach | Users | ~300 million |
| YouTube Video Views | Q3FY26 | 16+ billion (2.5x nearest competitor) |
| Social Media Followers | Total | 386 million |
The company's portfolio of 20 channels continues to be the largest TV news network in India, reaching over 230 million people monthly. Network18 maintained leadership in key markets including CNBC-TV18 (43.1% share in business news), News18 India (13.2% share in Hindi news), and CNN-News18 (36.1% share in English news).
Exceptional Items and Corporate Developments
Several significant developments impacted the quarter's financial performance.
| Development | Impact | Details |
|---|---|---|
| IBN Lokmat Acquisition | ₹32.25 cr impairment | Acquired for ₹25 cr, became wholly owned subsidiary |
| Labour Code Implementation | ₹19.55 cr provision | Additional actuarial obligations |
| CNN Partnership Renewal | 10 years | Extended digital presence to international markets |
| Creator18 Expansion | 60+ creators | Top 10 creators reach over 2 billion unduplicated audience |
The company renewed its partnership with CNN International for 10 years, encompassing strategic digital presence covering global markets. Creator18, Network18's new vertical, expanded its roster with more than 60 creators on exclusive basis.
Digital Platform Strength
Network18's digital ecosystem continued to demonstrate strong performance across all major platforms. Moneycontrol maintained its position as India's largest digital news subscription platform with over 1 million paid subscribers. The platform had 2x page views and more than 3x time-spent compared to the nearest competitor during the quarter.
News18.com enhanced its offerings with new features including 'Clip & Share', Quiz/Poll series, 'Audible News', and utility-rich city pages. Firstpost crossed 9 million YouTube subscribers and delivered over 2 billion video views in 2025, representing 30% year-on-year growth.
Historical Stock Returns for Network18 Media & Investments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.64% | -5.69% | -4.55% | -25.34% | -31.62% | +9.41% |
































