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.
Jio Studios, the group’s film production arm, completed a third consecutive year as India’s highest-grossing Hindi studio. The “Dhurandhar” franchise crossed INR3,000 crore ($318 million) in worldwide box office, becoming the first Indian film duology in which each installment individually surpassed the INR1,000 crore ($105 million) mark, Ambani said in his speech, adding that the studio now holds over 500 awards across its content slate.
On the product side, JioHotstar launched Tadka, a short-form content hub, in April 2026, reaching more than 100 million users within two months. An in-app commerce integration with Swiggy, enabling food ordering without exiting a live stream, debuted during IPL matches. Interactivity features including voting, live chat, and meme creation have generated over 11 billion interactions from more than 100 million unique users.
Ambani also unveiled JioStar GenAI Media Studio – JAMS – describing it as “an end-to-end, AI-native content production pipeline for Bharat, spanning the full journey from ideation and storytelling to image, audio, video, and final production workflows.” The platform also added ChatGPT-powered conversational content discovery with support for Indian accents and regional languages, alongside a new multiview feature.
Network18 reached 250 million people monthly via television and reported more than 450 million subscribers and followers across digital platforms, logging over 65 billion video views in FY26. The group launched Creator18, a new offering targeting the creator economy, designed to develop formats for younger audiences.
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