Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹5,368Cr
Rev Gr TTM
Revenue Growth TTM
-69.21%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

NETWORK18
VS
| Quarter | Jun 2023 | Sep 2023 | Dec 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 141.7 | 20.4 | -4.2 | 63.1 | -3.0 | -2.2 | -23.3 | -76.8 | -85.1 | -72.7 | -60.4 | 9.7 |
| 3,323 | 2,084 | 1,945 | 2,609 | 3,289 | 2,005 | 1,382 | 542 | 464 | 498 | 530 | 585 |
Operating Profit Operating ProfitCr |
| -2.6 | -11.7 | -9.7 | -7.8 | -4.7 | -9.8 | -1.6 | 3.4 | 0.9 | -0.1 | 1.8 | 4.9 |
Other Income Other IncomeCr | 221 | 224 | 187 | 176 | 174 | 270 | -1,225 | 40 | 231 | 124 | 69 | 26 |
Interest Expense Interest ExpenseCr | 68 | 66 | 74 | 114 | 150 | 170 | 102 | 55 | 52 | 48 | 50 | 54 |
Depreciation DepreciationCr | 41 | 57 | 43 | 69 | 70 | 69 | 52 | 33 | 34 | 34 | 33 | 32 |
| 27 | -118 | -102 | -197 | -194 | -148 | -1,400 | -29 | 149 | 41 | -5 | -30 |
| -2 | 1 | 0 | -1 | 1 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | -26.1 | -313.3 | -1,260.0 | -456.1 | -769.7 | -27.8 | -1,268.3 | 85.1 | 176.2 | 127.1 | 99.6 | -1.8 |
| 0.9 | -6.4 | -5.8 | -8.1 | -6.2 | -8.3 | -102.9 | -5.2 | 31.8 | 8.3 | -1.0 | -4.8 |
| -0.4 | -0.6 | -0.6 | -0.9 | -0.8 | -0.6 | -9.4 | -0.2 | 1.0 | 0.3 | 0.0 | -0.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
|
| 16.1 | -51.1 | -2.4 | 23.3 | 178.2 | 4.7 | -12.2 | 25.0 | 5.8 | 49.4 | -25.9 | -69.2 |
| 2,974 | 1,475 | 1,629 | 1,882 | 4,994 | 4,740 | 3,909 | 4,801 | 6,086 | 9,962 | 7,218 | 2,077 |
Operating Profit Operating ProfitCr |
| 4.9 | 3.4 | -9.3 | -2.3 | 2.4 | 11.5 | 16.9 | 18.4 | 2.2 | -7.1 | -4.8 | 2.1 |
Other Income Other IncomeCr | -991 | 185 | 37 | 115 | -12 | -63 | 20 | 76 | 183 | 808 | -741 | 449 |
Interest Expense Interest ExpenseCr | 113 | 67 | 80 | 96 | 198 | 236 | 157 | 97 | 209 | 322 | 477 | 205 |
Depreciation DepreciationCr | 75 | 58 | 80 | 89 | 142 | 175 | 147 | 120 | 128 | 210 | 223 | 133 |
| -1,090 | 113 | -261 | -113 | -231 | 143 | 512 | 939 | -16 | -389 | -1,771 | 155 |
| 39 | 16 | 10 | 62 | -53 | 87 | -35 | 102 | 0 | -64 | 6 | 0 |
|
| -14,126.5 | 108.5 | -381.5 | 35.6 | -1.8 | 131.6 | 873.6 | 53.3 | -101.9 | -1,960.9 | -447.4 | 108.7 |
| -36.1 | 6.3 | -18.2 | -9.5 | -3.5 | 1.1 | 11.6 | 14.3 | -0.3 | -3.5 | -25.8 | 7.3 |
| -10.1 | 0.3 | -2.3 | -1.5 | -2.9 | -2.3 | 0.3 | 2.0 | -0.8 | -2.5 | -11.0 | 1.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Equity Capital Equity CapitalCr | 523 | 518 | 518 | 518 | 518 | 518 | 518 | 518 | 518 | 518 | 765 | 765 |
| 1,097 | 1,359 | 765 | 616 | 293 | -1 | 29 | 237 | 157 | 14,395 | 3,977 | 4,153 |
Current Liabilities Current LiabilitiesCr | 2,082 | 1,714 | 2,095 | 4,021 | 4,934 | 5,228 | 4,283 | 4,284 | 8,985 | 10,717 | 3,450 | 3,737 |
Non Current Liabilities Non Current LiabilitiesCr | 192 | 35 | 41 | 67 | 293 | 170 | 207 | 253 | 404 | 950 | 240 | 272 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 1,833 | 680 | 606 | 3,188 | 3,772 | 4,097 | 3,864 | 4,772 | 8,790 | 23,191 | 906 | 981 |
Non Current Assets Non Current AssetsCr | 3,867 | 4,908 | 4,440 | 4,321 | 4,679 | 4,519 | 4,392 | 4,372 | 5,194 | 16,690 | 7,592 | 8,015 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Operating Cash Flow Operating Cash FlowCr | -99 | 87 | -178 | 78 | -204 | 78 | 1,346 | 641 | -2,804 | -6,465 | -1,912 | -28 |
Investing Cash Flow Investing Cash FlowCr | 134 | -141 | -362 | -155 | -445 | -88 | -85 | -250 | -722 | -5,169 | 1,313 | -20 |
Financing Cash Flow Financing Cash FlowCr | -81 | -6 | 518 | 143 | 645 | -62 | -1,049 | -381 | 3,411 | 1,139 | 720 | 83 |
|
Free Cash Flow Free Cash FlowCr | -124 | -11 | -337 | 16 | -331 | -68 | 1,263 | 457 | -3,536 | -8,869 | -2,809 | |
| 8.8 | 90.7 | 65.6 | -44.4 | 114.7 | 139.0 | 246.2 | 76.6 | 17,804.1 | 1,991.7 | 107.6 | -18.1 |
CFO To EBITDA CFO To EBITDA% | -65.0 | 167.8 | 128.8 | -182.0 | -166.9 | 12.7 | 169.1 | 59.4 | -2,042.1 | 973.4 | 578.9 | -64.4 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 5,234 | 4,601 | 3,711 | 6,240 | 3,732 | 1,926 | 3,816 | 8,910 | 5,677 | 8,993 | 6,692 | 4,245 |
Price To Earnings Price To Earnings | 0.0 | 47.3 | 0.0 | 0.0 | 0.0 | -8.0 | 117.6 | 42.5 | 0.0 | 0.0 | -3.9 | 27.9 |
Price To Sales Price To Sales | 1.7 | 3.0 | 2.5 | 3.4 | 0.7 | 0.4 | 0.8 | 1.5 | 0.9 | 1.0 | 1.0 | 2.0 |
Price To Book Price To Book | 3.2 | 2.4 | 2.9 | 5.5 | 4.5 | 3.7 | 6.9 | 11.7 | 8.3 | 0.6 | 1.4 | 0.9 |
| 38.5 | 102.3 | -36.2 | -193.6 | 53.7 | 8.2 | 7.6 | 10.1 | 83.9 | -18.5 | -29.2 | 167.6 |
Profitability Ratios Profitability Ratios |
| 99.8 | 99.8 | 99.8 | 99.7 | 100.0 | 99.9 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 77.3 |
| 4.9 | 3.4 | -9.3 | -2.3 | 2.4 | 11.5 | 16.9 | 18.4 | 2.2 | -7.1 | -4.8 | 2.1 |
| -36.1 | 6.3 | -18.2 | -9.5 | -3.5 | 1.1 | 11.6 | 14.3 | -0.3 | -3.5 | -25.8 | 7.3 |
| -37.8 | 6.8 | -7.0 | -0.5 | -0.8 | 10.0 | 21.6 | 34.1 | 2.9 | -0.3 | -16.8 | 4.5 |
| -69.7 | 5.1 | -21.1 | -15.4 | -21.9 | 10.9 | 100.0 | 111.0 | -2.3 | -2.2 | -37.5 | 3.2 |
| -19.8 | 1.7 | -5.4 | -2.3 | -2.1 | 0.7 | 6.6 | 9.2 | -0.1 | -0.8 | -20.9 | 1.7 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Network18 Media & Investments Ltd is India’s most diversified and digitally dominant media conglomerate, operating across news, entertainment, sports, fintech, and digital commerce. With a platform-agnostic, audience-first strategy, Network18 has transformed from a traditional broadcaster into a vertically integrated, omni-channel media powerhouse. The company owns and operates a portfolio of leading brands including **News18**, **Moneycontrol**, **CNBCTV18**, **Firstpost**, **Colors**, **JioCinema**, **Voot**, **Overdrive**, **Forbes India**, and **BookMyShow**.
Network18 is India’s **#1 digital news/information network** (270 million monthly users, 62% segment reach) and **#2 digital news publisher globally by reach**, with leadership in television, digital, and social media. Its recent strategic initiatives—mergers, digital monetization, fintech expansion, and AI-led transformation—underscore its ambition to become India’s largest content, distribution, and engagement platform.
---
### **Strategic Developments (2024–2025)**
#### **1. Digital Transformation & Revenue Diversification**
- **Merger & Integration** (Nov 2024–Jan 2025):
Network18 completed the full merger of **TV18** and **e-Eighteen.com (MoneyControl)** under one entity, creating **India’s largest omni-channel news network**. This unified structure combines 16+ TV news channels, digital platforms (News18.com, Moneycontrol, Firstpost), and hyperlocal networks (Local18), enhancing cost synergies, audience sharing, and integrated advertising.
- **Digital-First Strategy**:
A “**Digital First, TV Always**” model drives long-term growth. Investments in AI, cloud infrastructure, and cross-platform publishing (e.g., Election CMS, Magic Wall) enable rapid, high-quality content delivery. Content is optimized for mobile, YouTube, WhatsApp, Reels, and Connected TV.
- **Platform Expansion**:
News18 and CNBCTV18 apps are now available on **Samsung Tizen, Firestick, JioTV, Xiaomi TV**, and JioHotstar, significantly expanding CTV and OTT reach. International viewership (especially on YouTube) surged by 44% YoY in 2025.
#### **2. Fintech Expansion – Moneycontrol as a Financial Ecosystem**
Moneycontrol has evolved from India’s leading financial news platform into a **full-fledged fintech platform**, blending journalism with financial services:
- **Subscription Growth**:
**Moneycontrol Pro** crossed **1 million paid subscribers**, making it the **only Indian digital news brand in the global top 15 paywall publishers** (ranked #11 globally in 2025).
- **New Product Launches (2024–2025)**:
- **Moneycontrol Super Pro**: A premium tier with real-time trade ideas, AI stock alerts via WhatsApp, SEBI-registered analyst insights, and daily chart pattern analysis.
- **Lending & Banking Services**: Partnered with **HDFC Bank** and other lenders to offer curated personal loans, credit scores (6 million users), FD bookings, and multi-lender credit access.
- **Investment Tools**: Portfolio Score, Fundamental Stock Scanner, 250+ technical scanners, and IPO analytics page launched during record IPO year.
- **Revenues & User Growth**:
Over **30,000 loans disbursed** in FY25. The platform attracts over **50 million monthly users** and holds **twice the page views and three times the user engagement** of its nearest competitor.
#### **3. Creation of Verticals & Ecosystems**
- **Creator18 (Oct 2025)**:
A new creator economy vertical managing over **1,000 social media influencers**, many exclusively. Specializes in **influencer marketing campaigns** and **social-first brand growth**, expanding Network18’s reach into lifestyle, fashion, and culture.
- **Local18 (Hyperlocal Initiative)**:
Covers **271+ districts** with real-time civic, health, and neighborhood updates. Averaging **30 million monthly users**, peaking at 44 million. Uses location-based personalization to serve grassroots audiences.
- **Firstpost – Global Opinion Platform**:
Re-launched as a **video-first global news brand** with an Indian perspective.
- YouTube channel has **nearly 9 million subscribers** (4x growth in 2024–2025), with **2 billion video views**.
- Flagship segment **FP Vantage** delivers in-depth global analysis.
- **Firstpost America** launched with on-ground reporting from Washington, expanding into the US and South Africa.
#### **4. Entertainment & Sports: Viacom18 Joint Venture**
- **Star India & Viacom18 JV (Nov 2024)**:
A landmark **triple alliance between Viacom18, The Walt Disney Company, and Reliance** is set to form **India’s largest integrated entertainment and sports platform**, reaching **over 750 million viewers** domestically and globally.
- **Key Assets**:
- **JioCinema**: Top destination for sports (IPL 2023–2027, FIFA World Cup) and original content.
- **Viewer-Centric Innovations**: ‘Hero Cam’, ‘Multi-View’, live stats, and real-time commentary.
- **Bigg Boss OTT**, *Illegal*, *Asur*, and *The Gone Game* drive digital engagement.
- **Digital-Exclusive Strategy**: Shows like *Bigg Boss OTT* launch on Voot before TV, building direct-to-consumer monetization.
---
### **Content & Brand Leadership**
- **#1 Multiplatform News Network**:
Holds **leadership in TV (180M+ weekly viewers), digital (270M+ monthly users), and social (388M+ followers)**. Top rankings in BARC for regional markets (Bangla, Gujarati, Uttar Pradesh, Bihar, Kannada).
- **Multilingual Expansion**:
Operates in **13+ languages** on digital, **18+ on TV**, with vernacular content driving engagement, especially in Indic markets.
- **Editorial Differentiation**:
- **Firstpost**: Explanatory journalism (“Explanation over Information”), targeting intellectually curious audiences.
- **Moneycontrol**: High-impact, data-driven financial analysis.
- **News18**: Leading non-English digital news publisher (ComScore FY24–25), with short-form videos, ‘Swiper’ navigation, and personalized feeds.
- **YouTube & Video Dominance**:
One of **India’s largest YouTube news networks** (388M+ followers, 50B+ video views in 2024–2025, 37% YoY growth). CTV viewership up 57%.
---
### **Technology & Innovation**
- **AI & Automation**:
Deployed AI for live blogs, translation, content tagging, and WhatsApp-based stock alerts. Election CMS reduced output time by **60%**, with **80% faster page loads** post CMS consolidation.
- **Cloud & UX Modernization**:
Migrated to cloud infrastructure for scalability, reliability, and seamless traffic handling. Redesigned apps with personalized feeds, night mode, My Area, and offline reading.
- **Data-Driven Engagement**:
AI-powered recommendation engines, real-time analytics, and short-form video carousels drive discovery and retention.
---
### **Monetization Strategy**
- **Beyond Advertising**:
Actively reducing reliance on cyclical ad revenue through:
- **Subscriptions**: Moneycontrol Pro, Super Pro, and CNBC TV18 ACCESS launch in 2025.
- **Transaction Revenue**: Lending, FD bookings, IPO applications.
- **Influencer & Creator Economy**: Creator18’s brand campaigns.
- **Digital Commerce**: BookMyShow (ticketing, events, TVOD).
- **Integrated Brand Solutions**:
Holistic content-driven campaigns across TV, digital, social, and live events. Synergies from cross-promotion within Network18’s portfolio.
---
### **Financial & Operational Highlights**
- **Digital Audience Reach**:
- **~270 million monthly users** (digital news)
- **#2 in India**, **Top 10 globally**
- **62% segment reach** in digital news
- **TV Reach**:
- **200M+ weekly viewers**, 14%+ market share
- Leadership in English business (CNBC TV18), English news (CNN News18), and Hindi news (News18 India)
- **Subscription Milestones**:
- **Moneycontrol Pro**: 1M+ paid users
- **Voot Select**: Fastest to 1M subscribers in India (2020)
- **CNBC TV18 ACCESS & Prime**: Launched 2025 to target investors and HNIs
- **Partnerships**:
Collaborations with **HDFC Bank, Paramount, NBCU, CNN, Forbes, TradingView, MSN, Glance, Dow Jones, and the Financial Times**.