iWorld
RIL’s Rs 2.35 lakh crore investments in Jio start to payoff
BENGALURU: Mukesh Dhirubhai Ambani-run Reliance Industries Ltd (RIL) has invested a massive amount of money into the largest start-up in the world–Reliance Jio Infocomm Ltd (Jio). The RIL financials for the quarter ended 31 December 2017 (Q3 2018, quarter under review) showed that its digital services segment (Jio) had assets of Rs 234,986 crore, the largest asset block among any of the six segments (petrochemicals, refining, oil and gas, organised retail, digital services, and others) that the behemoth reports numbers for. And RIL reported net profit after tax (PAT) of Rs 504 crore for Q3 2018 as against net loss of Rs 271 crore during 2Q 2018, the immediate trailing quarter.
The digital services segment’s operating revenue for Q3 2108 was Rs 6,879 crore, up 11.9 percent from the Rs 6,147 crore in the immediate trailing quarter. The value of services increased by 12.7 percent q-o-q to Rs 8,114 crore from Rs 7,197 crore, EBITDA almost doubled (increased by 82.1 percent) in the quarter under review to Rs 2,628 crore from Rs 1,443 crore in Q2 2018. EBIT almost quintupled (453.1 percent) to Rs 1,436 crore from Rs 260 crore.
Jio added 2.15 million net subscribers in Q3 2018 with an ARPU of Rs 154 per customer. The RIL earnings release for its digital services says that average data traffic per customer for the quarter was 9.6 GB per month and total wireless data traffic has crossed 431 crore GB. Video consumption on the Jio network has crossed 200 crore hours per month, averaging 13.4 hours per subscriber per month.
Commenting on the results, RIL chairman and managing director Ambani said, “I would like to thank all our customers for partnering with us in this revolution which has made India a global digital powerhouse. I congratulate all our employees and partners for the strong performance. Our commitment is to keep pushing newer innovative products which would radically transform customer lives and generate huge societal value.”
“Jio’s strong financial result reflects the fundamental strength of the business, significant efficiencies and right strategic initiatives. Jio has demonstrated that it can sustain its strong financial performance,” he concluded.
Organised retail business
Revenues for Q3 2018 grew by 116.4 percent y-o-y to Rs 18,798 crore from Rs 8,688 crore. PBDIT for Q3 2018 increased by 82.0 percent y-o-y to Rs 606 crore from Rs 333 crore. Reliance Retail witnessed stellar performance across all consumption baskets during the period. During the quarter, Reliance Retail added 72 stores across various store concepts and increased the area operated to 14.5 million square feet from 13.2 million square feet in Q3 2017.
RIL numbers
RIL’s consolidated revenue increased by 30.5 percent to Rs 109,905 crore in Q3 2018 from Rs 84,194 crore in Q3 2017. Net profit increased by 25.1 percent to Rs 9,423 crore in the quarter under review as compared with Rs 7,533 crore in Q3 2017.
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After telecom, Jio to bite into broadband and TV
Comment: Reliance Industries’ telecom-media play fascinating, but complex & challenging too
iWorld
Arafta Season 2 greenlit as YouTube hit crosses 850 million views
GoQuest, Rains double down on global Turkish drama success story
MUMBAI: GoQuest Media and Rains Pictures have greenlit Season 2 of Arafta, riding on the runaway success of its debut season that has clocked over 850 million views on YouTube and secured licensing deals across 19 territories.
The upcoming season, already in production, will span 100 episodes and continue with a YouTube-first release strategy, a model that has proved to be a quiet disruptor in global content distribution. Season 1, which premiered in November 2025, built a strong digital following before translating that traction into international deals.
The series is currently licensed to platforms including Amazon MX Player in India, Kanal 7 in Turkey, and Vidio, along with several markets across Europe such as Romania, Hungary and Latvia. Across five language channels, the show has amassed more than 2.5 million subscribers, signalling growing global appetite for Turkish storytelling.
Notably, many of these licensing deals were struck after the show had already aired on YouTube, flipping the traditional distribution model on its head. Instead of competing with broadcasters, the digital-first strategy appears to be doing the heavy lifting in building awareness and audience demand.
GoQuest Media managing director Vivek Lath said, “Arafta is proving out what we believed about the make-to-sell model. A YouTube-first release does not compete with licensing. It builds the asset that licensees are buying.”
Season 1 wrapped on April 17 with a globally streamed finale that drew over 102,000 concurrent viewers, setting the stage for the next chapter. Lead actors İlsu Demirci and Emin Günenç will return, with the narrative continuing to explore themes of love, vengeance, sacrifice and fate.
Rains Pictures executive Sevda Kaygısız said the decision to move quickly into Season 2 was driven not just by success, but by the depth of the story still to be told. “Arafta is not just a successful project for us; it reflects our belief in powerful storytelling and building a genuine emotional connection with audiences,” she noted.
As Turkish dramas continue to travel beyond borders, Arafta’s success underscores a larger shift in how global hits are made and sold. In this case, the small screen found its big moment online first, and the world followed.
