News Broadcasting
Nxtdigital launches ‘live’ TV stick and Android STB
Mumbai: Nxtdigital has launched Android set-top-box Nxtconnect and ‘live’ TV stick Nxtgo that can give subscribers access to 700 TV channels and 300,000 hours of OTT content with broadband speeds up to 1000 Mbps.
The company has also launched a combo package for its subscribers in India starting at Rs 409 per month to access content from platforms such as Amazon Prime, Sonyliv, Disney+ Hotstar, Zee5, Voot, Sun Nxt, ShemarooMe, Epic-On, Hungama Music, Hungama Play, Eros Now, aha and hoichoi. OTT services can be accessed on existing devices like mobile phones, tablets, laptops, desktops or smart TVs.
The Android STB has 8Gb of storage and allows subscribers to upgrade their standard TV sets into smart TVs getting access to a host of Android applications beyond OTT ranging from karaoke to games. For existing smart TV users, Nxtgo can give subscribers access to up to 700 TV channels. Both devices are available at a bundled introductory offer of Rs 1499 which includes a one-month subscription to an OTT package.
The launch of the combo package, the advanced Android STB and the ‘live’ TV stick reflects our inherent agility in adapting to changing consumer patterns of content consumption and our focus on emerging technologies,” said Nxtdigital managing director and CEO Vynsley Fernandes. “The combo package gives our subscribers a single window to access the best of television, OTT and hi-speed broadband, seamlessly and on-demand.”
The combo product will also form part of the solutions being offered by its owned-and-operated Nxthubs across the country, launched late last year, providing television and broadband on a plug-and-play model.
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.
