Network18 Q3FY26: Revenue Up 5% YoY, EBITDA Surges 61% QoQ to ₹11.8cr
Network18 Media delivered strong Q3FY26 performance with 5% YoY revenue growth to ₹500cr and significant margin expansion, as EBITDA surged 61% QoQ to ₹11.8cr with margins improving 90bps sequentially to 2.4%. The company strengthened its position as India's leading news network, gaining 110bps in TV viewership share to 14.2% and achieving over 100% YoY growth in digital engagement, while renewing its CNN partnership for 10 years.

*this image is generated using AI for illustrative purposes only.
Network18 Media & Investments Limited delivered strong operational performance in Q3FY26, with revenue growing 5% year-on-year to ₹500.42 crore and margins showing sharp sequential improvement. The company maintained its position as India's top news network while demonstrating enhanced profitability metrics despite challenging advertising conditions.
Standalone Financial Performance Shows Margin Expansion
The company's standalone operations demonstrated significant improvement in profitability metrics with EBITDA showing remarkable sequential growth.
| Financial Metric | Q3FY26 | Q3FY25 | QoQ Change | YoY Change |
|---|---|---|---|---|
| Revenue from Operations | ₹500.42 cr | ₹476.41 cr | +5% | +5.04% |
| EBITDA | ₹11.80 cr | ₹11.54 cr | +61% | +2.2% |
| EBITDA Margin | 2.4% | 2.4% | +90 bps | Stable |
| Total Income | ₹513.56 cr | ₹483.96 cr | - | +6.12% |
| Net Loss After Exceptional Items | ₹107.61 cr | Profit ₹3,431.94 cr | - | - |
The EBITDA margin expanded 90 basis points quarter-on-quarter to 2.4%, supported by cost efficiencies and improved operating leverage. 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 strong performance backed by market positions.
Nine-Month Performance Reflects Operational Progress
For the nine-month period ended FY26, Network18 reported steady operational progress with improved cost controls driving margin expansion.
| Nine-Month Metrics | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹1,408.00 cr | ₹1,375.00 cr | +2.4% |
| EBITDA | ₹23.40 cr | ₹21.16 cr | +10.6% |
| EBITDA Margin | 1.7% | 1.5% | +20 bps |
| Consolidated Net Profit | ₹184.81 cr | Loss ₹1,747.58 cr | Positive turnaround |
The EBITDA margin improvement to 1.7% from 1.5% in the corresponding period reflects gradual strengthening of underlying profitability through enhanced operational efficiency.
Market Leadership Strengthens Across Platforms
Network18 consolidated its dominance in India's news ecosystem with significant gains in viewership share and digital engagement.
| Platform Performance | Metric | Achievement | Growth |
|---|---|---|---|
| TV Viewership Share | All India | 14.2% | +110 bps YoY |
| Digital YouTube Growth | Viewership | Largest network | >100% YoY |
| Monthly TV Reach | Users | 230 million | - |
| Digital Monthly Reach | Users | ~300 million | - |
| YouTube Video Views | Q3FY26 | 16+ billion | 2.5x nearest competitor |
The company strengthened leadership across key markets, holding top positions in Hindi, English, Marathi, and Kannada news categories. Network18's portfolio of 20 channels continues as India's largest TV news network.
Strategic Developments and Digital Expansion
Several key strategic initiatives reinforced Network18's market position during the quarter.
| Development | Details | Impact |
|---|---|---|
| CNN Partnership Renewal | 10 years extension | Global news collaboration |
| Creator18 Expansion | 60+ exclusive creators | Top 10 reach 2bn+ audience |
| Moneycontrol Subscribers | 1 million+ paid | India's largest digital news platform |
| Firstpost Growth | 9 million YouTube subscribers | 2bn+ video views, 30% YoY growth |
The renewed CNN International partnership for 10 years encompasses strategic digital presence covering global markets, reinforcing long-standing editorial alliance. Creator18 vertical expanded significantly with exclusive creator partnerships driving substantial audience reach.
Digital Platform Excellence Continues
Network18's digital ecosystem maintained exceptional performance across platforms. Moneycontrol demonstrated 2x page views and more than 3x time-spent compared to nearest competitor. News18.com enhanced offerings with new features including 'Clip & Share', Quiz/Poll series, 'Audible News', and utility-rich city pages, supporting the company's position as India's largest digital news network on YouTube.
Historical Stock Returns for Network18 Media & Investments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.40% | +2.92% | -14.06% | -35.23% | -29.08% | +2.36% |
































