Ambani Stock in Red After Its Net Loss Widens By 500% in Q4 FY26

SYNOPSIS: Company reported revenue growth in Q4 despite weak ad demand, but losses widened sequentially, while FY26 saw profit turnaround driven by strong market leadership and growth in digital and new businesses.

During Monday’s trading session, shares of a company involved in the activities spanning across digital content, print and allied businesses are currently under pressure on the stock exchanges, after reporting Q4 FY26 and FY26 results, with a sharp increase in net losses by around 500 percent QoQ and 3 percent YoY.

With a market cap of Rs. 5,522 crores, shares of Network 18 Media & Investments Limited are currently trading in the red at Rs. 35.81 on BSE, down by around 2 percent, compared to its previous closing price of Rs. 36.38. The stock has fallen by about 21 percent in one year, but has delivered positive returns of nearly 16 percent in the last one month.

Financial Performance Q4 FY26 & FY26

Network18 Media & Investments Limited announced its financial results for Q4 FY26 as well as the full financial year ended on 31st March 2026 on Saturday, as per its latest regulatory filings with the stock exchanges.

For Q4 FY26, the company posted consolidated revenue from operations of Rs. 616 crores, reflecting a sequential growth of over 14 percent, compared to Rs. 539 crores in Q3 FY26. On a year-on-year basis, revenue increased by nearly 10 percent from Rs. 561 crores recorded in Q4 FY25, despite the multiple headwinds in the macro environment. However, for the full year FY26, revenue declined sharply to Rs. 2,121 crores, down by around 69 percent YoY from Rs. 6,888 crores in FY25.

The broader TV news industry witnessed a decline in advertising inventory demand of around 10 percent YoY. In contrast, Network18 reported a growth of 4.5 percent in its advertising inventory, outperforming the industry. This relative resilience was supported by its diversified portfolio, strong market positioning, and incremental contributions from new business segments, which helped offset the impact of a weak advertising environment.

At the profitability level, Network18 reported a net loss of Rs. 30 crores during the quarter, marking a sharp widening in losses by about 500 percent QoQ from Rs. 5 crores in Q3 FY26, as well as over 3 percent YoY increase compared to Rs. 29 crores in Q4 FY25. For the full year FY26, however, the company reported a net profit of Rs. 155 crores, compared to a net loss of Rs. 1,777 crores in FY25, indicating a significant turnaround at the annual level.

Operational performance showed notable improvement during the quarter, with EBITDA reported at Rs. 30 crores in Q4 FY26, reflecting a strong growth of around 215 percent QoQ from Rs. 10 crores in Q3 FY26 and nearly 60 percent YoY from Rs. 19 crores in Q4 FY25. EBITDA margins expanded to 4.9 percent, up by 310 bps QoQ from 1.8 percent and 150 bps YoY from 3.4 percent.

On a full-year basis, EBITDA remained largely stable at Rs. 44 crores, registering a marginal decline of around 1 percent, while EBITDA margins softened slightly by 10 basis points to 2.1 percent.

Additional Highlights & More

Network18 demonstrated relative resilience in advertising performance, with TV ad inventory consumption growing by 4.5 percent YoY, compared to a decline of over 10 percent witnessed across the broader industry. This outperformance was supported by the strong positioning of its channel portfolio.

The company retained its leadership as the #1 news network in India, with its TV viewership share improving by 50 basis points year-on-year to 13.8 percent. It also continued to lead in the digital segment, maintaining its position as the largest news and information network in the country with a monthly reach exceeding 350 million users.

Network18 sustained its leadership across key television markets, including Hindi, English, Marathi, and Kannada, while also maintaining a strong presence in Bengali and other Hindi-speaking regional markets.

On digital platforms, the company further strengthened its position, emerging as the leading news network on YouTube with approximately 90 percent year-on-year growth in video views, significantly outperforming its nearest competitors.

Additionally, its new business verticals, Moneycontrol Fintech and Creator18, recorded strong scale-up during the year, both in operational reach and financial performance, contributing to the company’s overall growth trajectory.

Network18 Media & Investments Limited, one of the largest omni-channel news networks in India, is engaged in activities spanning across television, print, broadcasting, digital content, filmed entertainment, e-commerce, magazines, and allied businesses.

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