News Broadcasting
Network18’s rollercoaster Q3: Cash crunch or clever moves?
MUMBAI: When Mukesh Ambani sets his sights on a business, it’s never a low-stakes affair—and the Q3 FY25 results of Reliance Industries-owned Network18 Group are no exception.
With Rahul Joshi at the editorial helm and Adil Zainulbhai overseeing the boardroom, Network18’s quarterly performance unfolds like a high-stakes thriller, leaving analysts juggling numbers and the audience wondering: is this brilliance or blunder?
From headline revenue twists to profit-margin cliffhangers, this quarterly report reads more like a script straight from Bollywood. So grab your popcorn because this isn’t just a financial disclosure—it’s Mukesh Ambani, once again, rewriting the playbook of India’s media landscape.
Standalone stars & stumbles
For Q3 FY25, Network18 pulled in Rs 476.41 crore in revenue from operations. That’s a respectable leap from last quarter’s Rs 445.27 crore, but is it really a win when Q3 FY24 wasn’t far behind at Rs 469.10 crore?
Total income, at Rs 483.96 crore, held its ground against Rs 447.62 crore last quarter. Steady as it goes, right? Yet, for a company of this scale, one might wonder: is this pace enough to stay ahead of the competition?
But here’s the plot twist: the company posted a net loss of Rs 66.27 crore. While better than Q2’s Rs 74.45 crore, it’s a wider hole than the Rs 43.42 crore loss in Q3 FY24.
What’s eating into those profits?
Higher operational costs of Rs 103.07 crore and ballooning employee expenses at Rs 181.24 crore seem to be playing the villains here. Add to this the creeping pressure of content investments, and it’s clear Network18 is juggling multiple priorities.
Nine months in, and the company’s revenue has grown to Rs 1,374.45 crore from last year’s Rs 1,282.74 crore. But with a cumulative loss of Rs 216.37 crore, you’ve got to ask—is this progress or just treading water? Can they turn this around with their strategic pivots, or is a deeper overhaul needed?
Consolidated chaos or calculated moves?
The consolidated picture? Think of it as the bigger, messier sibling. Revenue from operations slipped to Rs 1,360.50 crore, down from Rs 1,825.18 crore in Q2. Total income followed suit at Rs 1,442.55 crore. Soft advertising revenues and soaring expenses seem to be the culprits here. It begs the question: are advertisers tightening their belts, or is Network18 losing its edge in attracting ad spend?
And then there’s the elephant in the room: the Rs 1,400.05 crore net loss. Yes, you read that right.
Exceptional items—mainly from the derecognition of subsidiaries post the Viacom18 and Star India restructuring—contributed a jaw-dropping Rs 1,425.73 crore to the loss column. Talk about exceptional! While this move may have long-term benefits, the immediate financial optics are challenging to say the least.
So here’s the question: does shedding these subsidiaries make Network18 leaner and meaner, or just lighter in the pocket? With this dramatic restructuring, will the company’s new shape enable it to sprint ahead, or will it limp along burdened by its past?
Operational costs for Q3 soared to Rs 682.44 crore, while marketing expenses hit Rs 340.00 crore. It’s clear the company is investing in its brand, but with employee benefits at Rs 267.78 crore, could some belt-tightening be in order? Or is it all part of a grand plan to win the long game? After all, balancing brand-building with profitability is no small feat.
Consider this: even as costs rise, the company’s digital platforms are gaining traction. Could this be the silver lining in a stormy quarter? And how long before these investments start paying dividends?
A key subplot of this quarter is the composite scheme of arrangement. Selling Viacom18 and other assets to Star India and Digital18 might seem like a costly move now, but will it pay off in the long run? Time’s the ultimate critic, but this bold restructuring has certainly captured attention. As part of the shakeup, Viacom18 ceased to be a subsidiary as of 30 December 2024. While this realignment adds immediate weight to the expense column, it positions the company to streamline and optimise in future quarters. Could this be Network18’s masterstroke?
The challenges are clear: falling advertising revenue and rising content costs. But don’t count Network18 out just yet. With its digital platforms growing steadily, could we be seeing the early stages of a bold new chapter? Or is this just a trailer for more turbulent times?
There’s also the matter of competition. In a crowded media landscape, innovation and adaptability are key. Network18’s investments in digital transformation signal ambition, but can these moves outpace rivals who are equally hungry for market share?
Network18’s Q3 FY25 is a tale of highs, lows, and bold bets. Sure, the losses are glaring, but the strategic realignments hint at a company playing the long game. Is this a case of short-term pain for long-term gain? Or are we witnessing the opening act of a broader reckoning?
So, will the next quarter be a comeback or another cliffhanger?
News Broadcasting
Rising Bharat Summit 2026 spotlights India’s global ascent
PM Modi keynotes two-day event with ministers, diplomats and icons in New Delhi.
MUMBAI: India didn’t just host a summit, it threw a coming-out party for a nation ready to own the global stage. The News18 Rising Bharat Summit 2026, held on 27–28 February in New Delhi, emerged as a high-octane platform for ideas, vision and strategic dialogue, uniting national leadership, global policymakers, industry titans, defence strategists and cultural icons under the theme “Strength Within”.
Prime minister Narendra Modi set the tone with a keynote that framed India’s resurgence as a reclaiming of lost potential built over generations. “In previous industrial revolutions, India and the Global South were merely followers,” he said. “But in the era of Artificial Intelligence, India is a partner in decisions and shaping them.” He highlighted the country’s thriving AI startup ecosystem and the recent AI Impact Summit attended by over 100 nations.
Union minister Piyush Goyal (Commerce & Industry) stressed India’s readiness to scale exports and deepen manufacturing, while Ashwini Vaishnaw (Railways, I&B, Electronics & IT) positioned technology and infrastructure as twin engines of growth, especially in AI and digital trust. Jyotiraditya Scindia (Communications & North East Development) revealed India’s ambition to lead in 6G through the Bharat 6G Alliance and partnerships with over 30 countries.
Global voices added depth: former Singapore Foreign Minister George Yeo called India’s development “self-sustaining” and strategically vital; ex-UK Chief of Defence Staff General Sir Nick Carter asserted India deserves a seat at the great powers’ table; and former US Commerce Secretary Carlos M. Gutierrez joined ambassadors from Norway, Germany and Sweden in discussions on geopolitical realignment, sustainability and defence preparedness.
Other speakers included veteran investor Ramesh Damani, World Gold Council CEO David Tait, Vianai Systems founder Dr Vishal Sikka, DeepTech Bharat Foundation co-founder Shashi Shekhar Vempati, defence experts Rajesh Kumar Singh, Sunil Ambekar, Patrick McGee, Tom Cooper and Adrian Fontanellaz, plus cultural and sporting icons Kangana Ranaut, Saina Nehwal, PR Sreejesh, Mohammed Shami, Yuzvendra Chahal, Mithali Raj, Anil Kapoor and Yami Gautam.
The summit was supported by Jio Financial Services (Presenting Partner), Phonepe and DS Group (Co-Presenting Partners), Pernod Ricard India and Kia Seltos (Powered By & Driven By), state governments of Uttar Pradesh, Chhattisgarh and Uttarakhand (State Partners), and associate partners including NSE, M3M Foundation and Reliance Industries.
Broadcast live across News18 Network, CNBC-TV18 and CNBC Awaaz, the event reinforced India’s image as a confident democracy and emerging global power proving that when strength comes from within, the world can’t help but watch.
