News Broadcasting
Exiting X-Games get exiting sponsors
ESPN-Star Sports along with its sponsors will expand its X Games Brand to include new tours in Thailand, Singapore and Taiwan.
The ESS event management group is organising the third Asian X Games Qualifier taking place at Phuket, Thailand from 7-10 December. Toyota is continuing with its sponsorship due to the immense success of the previous X games and will take the 2000 Asian X Tour to Singapore, Thailand and Taiwan. Completing the list of confirmed sponsors of this year’s AXQ is the Tourism Authority of Thailand.
ESS viewers across Asia, Australia, Japan, Europe and Latin America will be able to enjoy the X games, a competing sport of extreme games. The Asian version of the X games began as the qualifying round of the US summer X games which served as a platform for players of these exiting sports to showcase their talents.
Along with their tremendous appeal to attract local people, the X games also translate into prime programming for ESS. A strong proof of this is the fact that Motor Sports giant Toyota is continuing with its sponsorship with a promise that it will sponsor the X games for another two years so that it can identify with the theme of passion and sports which Toyota says goes with its brand.
The X tours consists of three qualifying events to select competitors for the 2000 AXQ. The X tour is slated to stop in Bangkok (12-14 August), Taipei (9-10 September) and Singapore (7-8 September). In addition to this ESS will be organising viewing events in the Philippines and Malaysia.
News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
