JioStar Q2 Profit Falls 13.2% Despite Revenue Growth
What Happened
JioStar reported a 13.2% year-on-year decline in net profit to ₹1,147 crore for the July–September 2026 quarter, compared with ₹1,322 crore a year earlier. Revenue from operations rose 10.1% to ₹6,806 crore, while operating EBITDA fell 10.5% to ₹1,372 crore. Meanwhile, JioHotstar averaged 44 crore monthly active users, up 10% year-on-year.
Key Takeaways
JioStar's revenue and streaming audience grew, but profitability weakened. Its operating EBITDA margin fell from 28.1% to 22.1%, highlighting the gap between audience growth and operating earnings.