The numbers behind JioStar tell a story of massive scale and aggressive growth. Following the landmark merger between Reliance and Disney’s Indian assets, the entity has quickly become a financial and cultural powerhouse.
In the final quarter of the 2026 fiscal year, JioStar reported a gross revenue of ₹9,784 crore, marking a 22% increase from the previous quarter. This surge was largely fueled by high-stakes sporting events, particularly the ICC Men’s T20 World Cup and the start of the IPL 2026 season. For the full year, the company’s total gross revenue reached a staggering ₹36,248 crore.
However, the cost of being India’s home of cricket is reflected in the profit lines. While revenue climbed, net profit for the March quarter fell by 52% sequentially to ₹419 crore. This dip is attributed to the massive costs associated with the content and acquiring premium sports rights, and a slight cooling in television advertising from sectors like FMCG.
Despite these pressures, the company maintained an industry-leading annual EBITDA (pre-tax profit) of ₹4,885 crore.
Also, JioStar now commands a 34.2% share of the national TV entertainment market, a figure nearly equal to its three largest competitors combined. On the digital front, the streaming platform JioHotstar averaged 500 million monthly active users (MAUs). The T20 World Cup final alone set a global record with 72.5 million peak concurrent viewers watching at the same time.
The network reached a total of 810 million viewers across the country this year. While the transition from traditional TV to digital streaming is expensive, JioStar’s strategy seems to capture the largest possible audience now to dominate the future of Indian media.
Looking ahead, the goal for JioStar is to balance its massive growth with long-term profitability. As the digital divide in India continues to shrink, the company is betting that its scale will eventually lead to better margins. Stay tuned for more updates.