Network18 Media & Investments Ltd reported a standalone revenue of Rs.430 crore for the first quarter of FY26, reflecting a solid performance in its digital and television segments. Despite operating in a subdued advertising market and facing a high base due to last year’s election-related ad spending, the company delivered a resilient quarterly performance. Net profit after exceptional items stood at Rs516 crore for the quarter ended June 30.

The company noted in its stock exchange filing that the drop in revenue year-on-year was mainly because the same period last year benefited significantly from election-linked advertisements. Additionally, the broader ad environment remained under pressure due to muted consumer sentiment and a packed sports calendar that diverted advertiser focus.

However, Network18 highlighted that its core news operations remained steady, with operating revenue from the news business declining by just 4.9 percent despite the challenges. When compared with the first quarter of FY24—which also lacked any major election-related revenue—the company said its overall revenue had grown by 9 percent.

Chairman Adil Zainulbhai commented on the quarter’s outcome, saying, “Another quarter of strong operating performance, however, persisting macro-economic headwinds meant that it did not translate into a commensurate financial performance. Our steady progress across operating metrics over the last few quarters is a testimony to our vision for the business and the strategic execution of our plans. Our new product launches highlight our forward-looking approach and our endeavor to continue diversifying our business and build new avenues of growth.”

In terms of profitability, the company reported a 69 percent jump in EBITDA for the quarter. Operating margins expanded to 1 percent, up from 0.5 percent in the same quarter last year, indicating improved cost efficiencies and operational strength.

The company’s performance signals a stable path forward as it continues to navigate a complex ad market landscape while investing in new content formats and digital opportunities.