Reliance Industries‘ media and entertainment operations generated revenue of INR34,917 crore ($3.7 billion) in FY26, chair Mukesh Ambani disclosed at the company’s annual general meeting in Mumbai on Friday, with live sports and the “Dhurandhar” film franchise among the primary drivers.
The business – spanning JioStar, JioHotstar, Jio Studios, and Network18 – recorded an EBITDA of INR5,842 crore ($616 million) and a net profit of INR3,434 crore ($362 million) for the fiscal year. On the linear side, JioStar held a 34.7% television viewership share, which Ambani said was “nearly equal to the next three players combined,” with 389 million viewers tuning in daily.
JioHotstar averaged 451 million monthly active users across the year and crossed one billion downloads – a first for any Indian paid streaming platform – and is now available on 99% of connected televisions in the country. Live cricket powered the platform’s biggest numbers: JioHotstar recorded 72.5 million concurrent viewers during the T20 World Cup, and Ambani said nine of the ten highest global concurrency records now belong to the service. The IPL cricket tournament 2026 drew over 700 million viewers on the platform across the season.
