Latest news with #JioStar
New Indian Express
2 days ago
- Business
- New Indian Express
IPL helps JioStar rake in ₹9,600 crore in revenue
The Indian Premier League (IPL), the mega T20 cricketing tournament, helped Reliance Industries-owned JioStar hit the jackpot. The eight-month-old platform reported revenue from operations of ₹9,600 crores in the first quarter of the financial year. The platform also recorded a profit before tax of ₹583 crores and a healthy margin of 10.6%. In the period from November 2024 to March 31, 2025, JioStar had reported revenue of ₹9,500 crores from operations. The IPL specifically recorded its highest revenues, demonstrating strong year-on-year growth. This was facilitated by a strategic "hybrid monetization model," which allowed consumers four hours of free content access before requiring a subscription, a method that effectively converted engaged users into paid subscribers. Kevin Vaz, CEO of JioStar, stated in an analysts' call that this was their "biggest quarter," setting the tone for the entire year's performance. "And biggest I say because it had the biggest cricketing event in India, the IPL, which runs for two months over 74 matches, and that is why it makes a big difference for us," Vaz commented. The opening weekend of the IPL, held from March 22 to June 3, 2025 registered impressive figures, with 1.4 billion digital views and a reach of 253 million viewers on television. The collective watch time amounted to 49.6 billion minutes. This marked a new level of engagement, particularly as it was the first time Jio and Disney collaborated for the combined broadcast, according to Kevin Vaz, who took the reins of the new platform in November 2024. Vaz added that as the tournament progressed, viewership continued to grow. The IPL, through JioStar, achieved a record cumulative reach of 652 million on digital and 537 million on TV. The total watch time neared a billion minutes, reflecting strong audience engagement. JioStar is a joint venture between Mukesh Ambani's Reliance Industries Ltd (RIL) and The Walt Disney Co. Beyond the IPL, JioStar continued to expand its sports content by hosting events like the ICC World Test Championship and acquiring digital rights for India-England matches.
Yahoo
4 days ago
- Business
- Yahoo
India's JioStar Posts $1.3 Billion Revenue in Q1, Sets IPL Viewership and Streaming Records
Billionaire Mukesh Ambani's Reliance Industries reported strong financial and operational results from its media and entertainment unit JioStar for the quarter ended June 30, powered by unprecedented digital and television viewership during the Indian Premier League (IPL) cricket tournament. India's financial year runs from April to March, making this the company's first fiscal quarter for FY2025–26. More from Variety 'Squid Game' Season 3 Top International Title as JioHotstar's 'Criminal Justice' Leads Ormax India Streaming Chart How JioStar's Sanjog Gupta Plans to Win India's $130 Billion Sports Market: 'The Journey Has to be Distinct and Unique' (EXCLUSIVE) India's JioStar Execs Outline Vision for Youth-Focused Content at APOS JioStar posted revenues of INR11,222 crore ($1.3 billion), up from INR11,032 crore ($1.28 billion) in the previous period. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose to INR1,017 crore ($118.1 million), up from INR774 crore ($89.9 million), with margins improving to 10.6% from 8.1%. JioHotstar, the group's flagship streamer, averaged over 460 million monthly active users during the quarter and surpassed 1.04 billion Android downloads. The 2025 IPL drove much of this momentum, with JioHotstar alone reaching 652 million viewers – a 28% year-on-year increase. Peak concurrency during the IPL final hit 55.2 million, making it the most-watched T20 match ever on digital. Across both platforms, IPL 2025 reached a total of 1.19 billion viewers. Linear TV viewership also surged. The JioStar network reached over 800 million people during the quarter and captured a 35.5% share of entertainment viewership. Star Plus remained the leading Hindi-language general entertainment channel with six of the top ten shows, while Star Utsav became the top-ranked free to air channel on DD Free Dish. Regional flagships Star Pravah, Star Jalsha, Star Maa and Asianet continued to lead in their respective markets. On the entertainment front, JioHotstar posted its highest-ever monthly watch-time in June. 'Criminal Justice' opened as the biggest streaming original of 2025 (according to Ormax Media), while 'Kesari 2' became the most-watched Indian film of the year on the platform. International content performed strongly as well, with 'Mufasa: The Lion King' becoming JioHotstar's most-viewed international title to date. The company also secured exclusive digital rights to India's ongoing five-Test cricket series against England, adding to a sports portfolio that already included the ICC World Test Championship Final. Profit after tax more than doubled to $67.4 million from $26.6 million. Operating revenue reached $1.11 billion, while depreciation and finance costs stood at $36.7 million and $13.7 million, respectively. 'Reliance's media business has emerged as a one-stop platform for entertainment, sports and news content from all over the world. We will continue to enhance our suite of offerings across genres to cater to the discerning Indian audience,' Ambani said. Best of Variety New Movies Out Now in Theaters: What to See This Week 'Harry Potter' TV Show Cast Guide: Who's Who in Hogwarts? Final Emmy Predictions: Talk Series and Scripted Variety - New Blood Looks to Tackle Late Night Staples
Business Upturn
4 days ago
- Business
- Business Upturn
Mukesh Ambani'S JioStar business earns more in Q1 FY26 than BCCI's entire FY25
By Aditya Bhagchandani Published on July 19, 2025, 15:30 IST Mukesh Ambani-led JioStar business — the joint venture between Reliance Industries and Walt Disney's India media operations — posted a revenue of ₹11,222 crore in the first quarter of FY26, surpassing the Board of Control for Cricket in India's (BCCI) entire income for FY25. BCCI, as per its audited annual report, earned ₹9,741.71 crore in the full financial year FY25, with the Indian Premier League (IPL) contributing ₹5,761 crore to its coffers. Other streams of income for BCCI included ₹1,042 crore from ICC distributions, ₹813 crore from media rights, ₹377 crore from the Women's Premier League (WPL), ₹361 crore from men's international matches, and about ₹986 crore as interest income. In contrast, JioStar generated ₹11,222 crore in just the April–June 2025 quarter, with the IPL 2025 season being the biggest growth driver for its business. The company also posted an EBITDA of ₹1,017 crore, with its digital platform JioHotstar achieving a subscriber base of 287 million during the IPL and reaching over 800 million viewers on TV. According to Reliance Industries, IPL 2025 delivered record-breaking viewership with 1.19 billion viewers across TV and JioHotstar. The merger of JioCinema and Disney+ Hotstar into JioHotstar earlier this year allowed JioStar to consolidate its dominance in both OTT and linear television. On the linear TV front, Star Plus retained its leadership in the Hindi general entertainment category, while regional channels like Star Pravah, Star Jalsha, and Asianet also held top positions in their respective markets. The figures highlight how the IPL has evolved into a lucrative property not just for the BCCI but even more so for broadcasters and streaming platforms. With its quarterly revenue already exceeding BCCI's full-year income, JioStar has solidified its position at the center of India's sports and entertainment economy. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Economic Times
4 days ago
- Business
- Economic Times
JioStar posts Rs 581 crore net profit in Q1 driven by IPL
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 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 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 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 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 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 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 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 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 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 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 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 Plus retained its leadership in the Hindi GEC segment, with six of the top ten shows during the 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.
Time of India
4 days ago
- Business
- Time of India
JioStar posts Rs 581 crore net profit in Q1 driven by IPL
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. Explore courses from Top Institutes in Select a Course Category PGDM MCA Others Finance Data Science Degree Operations Management Product Management Technology Data Analytics Design Thinking healthcare Artificial Intelligence Public Policy Digital Marketing Data Science CXO Cybersecurity others Management Project Management MBA Leadership Healthcare Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo 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. Live Events 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.
