Reliance Industries Reports Strong Results for JioStar Media and Entertainment Unit
Billionaire Mukesh Ambani’s Reliance Industries has announced impressive financial and operational results for its media and entertainment division, JioStar, for the quarter ending June 30. The success can be attributed to the surge in digital and television viewership during the Indian Premier League (IPL) cricket tournament.
This quarter marks the beginning of the fiscal year 2025-26 for Reliance Industries, as India’s financial year runs from April to March.
JioStar reported a revenue of INR 11,222 crore ($1.3 billion), showing growth from the previous period’s INR 11,032 crore ($1.28 billion). The EBITDA also saw an increase to INR 1,017 crore ($118.1 million) from INR 774 crore ($89.9 million), with margins improving to 10.6% from 8.1%.
During the quarter, JioHotstar, the flagship streaming platform, recorded over 460 million monthly active users and surpassed 1.04 billion Android downloads. The IPL 2025 played a significant role in this growth, with JioHotstar alone reaching 652 million viewers, a 28% increase from the previous year. The IPL final saw a peak concurrency of 55.2 million viewers, making it the most-watched T20 match digitally. The overall viewership for IPL 2025 across both platforms reached 1.19 billion viewers.
Linear TV viewership also saw a surge, with the JioStar network reaching over 800 million people and capturing a 35.5% share of entertainment viewership. Star Plus remained the leading Hindi-language general entertainment channel, and regional channels like Star Pravah, Star Jalsha, Star Maa, and Asianet continued to lead in their markets.
JioHotstar achieved its highest-ever monthly watch-time in June, with popular shows like “Criminal Justice” and “Kesari 2” garnering massive viewership. The platform also saw success with international content like “Mufasa: The Lion King.”
Reliance Industries secured exclusive digital rights for India’s ongoing cricket series against England, further expanding its sports portfolio.
Profit after tax more than doubled to $67.4 million from $26.6 million, with operating revenue reaching $1.11 billion. Ambani expressed his commitment to enhancing the company’s offerings to cater to the diverse Indian audience.
