Bengaluru: Amagi Media Labs Limited, a cloud-native SaaS platform offering AI-enabled solutions to media and entertainment companies globally, reported a strong performance for the first quarter of FY27, with quarterly revenue reaching a record ₹437 crore.
For the quarter ended June 30, 2026, revenue increased 32.4% year-on-year to ₹437 crore, marking the company’s highest-ever quarterly revenue. Revenue growth stood at 21.3% in constant currency terms, supported by existing customers expanding their use of the platform and continued adoption of cloud-native streaming, monetisation and broadcast workflows.
Adjusted EBITDA rose 201% year-on-year to ₹50 crore, while the adjusted EBITDA margin expanded by 6.4 percentage points to 11.5%. Profit After Tax (PAT) increased 760% to ₹34 crore from ₹4 crore in Q1 FY26, with PAT margin expanding by 6.3 percentage points to 7.5%.
The company’s cash, including investments and bank balances, stood at ₹1,616 crore at the end of the quarter, representing a 118% year-on-year increase. Amagi continued to maintain a zero-debt balance sheet.
Platform and Business Momentum
Amagi delivered 104 FIFA World Cup 2026 matches and more than 300 hours of live programming across three global regions during the quarter.
The company also saw increased adoption of its AI-led solutions. A major US news network selected Amagi NEWSPULSE, its flagship AI product, for the AI transformation of its newsrooms. NEWSPULSE is currently running more than 10 active pilots with news organisations globally.
Amagi also secured major customer wins during the quarter, including a US news network moving its broadcast operations to the company’s platform and FAST channel mandates from two major US television networks.
Commenting on Q1 FY27 results, Baskar Subramanian, Managing Director & CEO, said, “We are off to a strong start to the year, achieving the highest quarterly revenue in our history at ₹437 Cr, Adjusted EBITDA tripling to ₹50 Cr, and PAT growing more than eight-fold.
The industry is reconfiguring towards us. In numerous conversations, customers have expressed their desire to consolidate fragmented workflows, reduce operating costs, and accelerate new revenue. This is the $17B opportunity our Media Industry Cloud was built to capture, and we see AI potentially nearly doubling this addressable market over time. We witnessed this demand in our recent successes, with multiple broadcasters transitioning their operations to our cloud, and two major US networks choosing Amagi to launch their FAST channels. We successfully operated the FIFA World Cup for several of our customers, one of the largest live events in global media, with 300+ hours of live programming. AI adoption has shifted from intent to implementation, as evidenced by a major US news network selecting Amagi NEWSPULSE, our flagship AI product, for AI transformation of their newsrooms; NEWSPULSE is now running more than ten pilots globally. We are excited abo
ut the large opportunity ahead of us, and, still early in this journey, remain focused on durable growth, expanding operating leverage, and disciplined execution as we scale.”
