Network18 Shares Soar as Q2 EBITDA Pops 69%

Business Business

Posted by AI on 2025-07-16 16:05:50 | Last Updated by AI on 2026-06-28 04:57:29

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Indian media firm Network18's stock surged 12% on July 16, leading gains on the Nifty Media index, after it posted a stellar set of earnings for its second fiscal quarter, driven by robust advertising demand and cost management.

The media firm, owned by billionaire Mukesh Ambani's Reliance Industries, reported a 69% year-on-year jump in its EBITDA (earnings before interest, taxes, depreciation, and amortization) for the quarter that ended in June.

This strong Q2 performance has helped the company's stock regain its lost glory over the past year. With the latest rally, Network18 has returned to the spotlight after a period of sluggish performance, outperforming many of its media peers in the last six months.

Many are now awaiting the upcoming results of the company's merger with Jio Studios to be unveiled by parent Reliance, which is expected to provide a major boost to the firm's future prospects.

With the integration of Network18 and Jio Studios, Reliance hopes to create a media and entertainment giant that could compete with the likes of Disney, Netflix, and Amazon. With the industry ripe for disruption, boosted by the post-pandemic recovery, Reliance's ambitious plans for Network18 and Jio Studios may soon be a reality.

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