India’s JioStar Posts $1.3 Billion Revenue in Q1, Sets IPL Records
Reliance Industries, led by billionaire Mukesh Ambani, has reported impressive financial and operational results from its media and entertainment unit, JioStar, for the first quarter of FY2025–26. The company’s revenues stood at INR11,222 crore ($1.3 billion), showing a slight increase from the previous period. The EBITDA also saw a significant rise to INR1,017 crore ($118.1 million), with margins improving to 10.6%.
JioHotstar, the flagship streaming platform, witnessed over 460 million monthly active users during the quarter and surpassed 1.04 billion Android downloads. The 2025 IPL played a crucial role in driving this momentum, with JioHotstar alone reaching 652 million viewers, marking a 28% year-on-year increase. The final match of the IPL 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 a staggering 1.19 billion viewers.
Linear TV viewership also saw a significant 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 dominate their respective markets.
On the entertainment front, JioHotstar achieved its highest-ever monthly watch-time in June. Popular shows like “Criminal Justice” and “Kesari 2” gained immense popularity, with the latter becoming the most-watched Indian film of the year on the platform. International content like “Mufasa: The Lion King” also performed exceptionally well.
In terms of sports content, Reliance secured exclusive digital rights to India’s ongoing five-Test cricket series against England, further strengthening its sports portfolio. The company saw a significant increase in profit after tax, reaching $67.4 million from $26.6 million, with operating revenue hitting $1.11 billion.
Mukesh Ambani expressed his satisfaction with the company’s media business, stating, “Reliance’s media business has become a go-to platform for entertainment, sports, and news content from around the globe. We are committed to expanding our offerings across various genres to meet the evolving needs of the Indian audience.”
Reliance Industries’ strong performance in the media and entertainment sector reflects its commitment to delivering top-notch content and experiences to its vast audience base.
