JioStar posts Rs 581 crore net profit in Q1 driven by IPL
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JioStar, the joint venture between Reliance Industries Limited (RIL) and Walt Disney, reported a net profit of ₹581 crore for the quarter ended June, according to RIL's quarterly financial disclosure.The company recorded an EBITDA of ₹1,017 crore and operating revenue of ₹9,601 crore, driven by the strong performance of the Indian Premier League (IPL) 2025. This comes despite ongoing challenges in the entertainment segment due to reduced FMCG advertising spends.RIL said the IPL delivered its highest-ever revenue across TV and digital this year. JioStar holds both TV and digital rights for the IPL in the Indian market.While the TV entertainment segment continued to face pressure, the impact was offset by strong sports and subscription revenues. The company finalised subscription deals with all major distribution operators, aiding better monetisation and tighter cost controls.For the FY25 period spanning November 14, 2024, to March 31, 2025, JioStar reported a net profit of ₹229 crore on operating revenue of ₹9,497 crore, with an EBITDA of ₹774 crore.On November 14, 2024, RIL and Disney completed the merger of Star India and Viacom18, forming JioStar. RIL controls the JV with a 56% stake, Disney holds 37%, and the remaining 7% is owned by Bodhi Tree Systems.During the latest quarter, JioStar's streaming platform, JioHotstar, saw its subscriber base surge to 287 million during the IPL season, fuelled by its hybrid advertising and subscription model with limited free access. On television, JioStar reached more than 800 million viewers during the quarter.The company also expanded its footprint in the Free-To-Air (FTA) Hindi general entertainment channel (GEC) segment with the relaunch of Star Utsav and Colors Rishtey on DD Free Dish. It had a 35.5% share in the entertainment TV category.IPL 2025 marked a watershed moment for JioStar, achieving a combined reach of 1.19 billion viewers across TV—primarily Star Sports—and JioHotstar. The platform drew 652 million digital viewers, a 28% year-on-year increase, making it JioHotstar's most successful IPL season to date.On television, the tournament delivered a 5.1 TVR and clocked over 514 billion minutes of watch time. The IPL 2025 final set a new digital benchmark, becoming the most-watched T20 match ever online with 237 million viewers and a peak concurrency of 55.2 million, surpassing the previous high of 35.9 million. The final also drew 189 million viewers on TV, making it the most-watched IPL match in broadcast history.Beyond the IPL, JioStar's sports portfolio featured marquee events such as the ICC World Test Championship (WTC) Final. The network also secured exclusive digital streaming rights for India's five-Test series against England from Sony Pictures Networks India, further strengthening its sports lineup.JioHotstar recorded its highest-ever monthly entertainment watch time in June 2025. The latest season of Criminal Justice delivered the strongest opening for any OTT original this year, according to Ormax Media, while Kesari 2 emerged as the most-watched film across all languages on the platform.International content continued to gain traction. Captain America: Brave New World debuted as the second most-watched film of the quarter, while Mufasa: The Lion King became the most-watched international film ever on JioHotstar.Star Plus retained its leadership in the Hindi GEC segment, with six of the top ten shows during the quarter.Regional general entertainment channels also performed strongly. Star Pravah, Star Jalsha, Star Maa, and Asianet continued to lead in their respective markets. The network also maintained its dominance in niche genres such as kids, youth, and English entertainment.
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