Results · Consumer Internet & Media
Amagi posts first profit, expands TV9 partnership
By Startup Enthusiast ·
- Date
- Company
- Amagi Media Labs
- What it does
- Cloud-based TV and streaming ad tech
- Kind
- Results
What they do
Amagi provides cloud-based ad insertion and workflow software for TV and streaming
What happened
It posted ₹72 crore net profit in FY26, its first profitable year, and expanded its partnership with TV9 Network
Why it matters
Global FAST viewing hours rose 55% year-on-year, boosting demand for Amagi's ad orchestration tools
The details
- Amagi expanded its multi-year partnership with TV9 Network to manage end-to-end CTV and digital workflow operations.
- TV9 became the first broadcaster in India to deploy Amagi's POIS-compliant AdFlow Orchestrator.
- Amagi reported FY26 revenue of ₹1,506 crore, a 30% year-on-year growth.
- Adjusted EBITDA was ₹156 crore, a 563% year-on-year increase.
- Net profit after tax was ₹72 crore, Amagi's first profitable fiscal year after a net loss of ₹69 crore in FY25.
- Net revenue retention stood at 126%.
- High-value customers (over $1M ARR) reached 35, up 25% year-on-year.
- Amagi appointed Martin Wacker as Head of Sales for DACH and CEE regions on July 29, 2026.
The bigger picture
- Global FAST viewing hours rose 55% year-on-year and ad impressions rose 53%, according to Amagi's June 2026 AIRTIME Report.
- The company's first profitable year signals strong product-market fit in the fast-growing FAST (free ad-supported streaming TV) market.
- The TV9 partnership shows Amagi's AdFlow Orchestrator is gaining traction with major broadcasters.
About the business
- Amagi provides cloud-based ad insertion and workflow management for TV and streaming platforms.
- Its AdFlow Orchestrator aligns traditional broadcast ads with CTV requirements to optimize monetization and viewership session durations.
- FY26 revenue was ₹1,506 crore with 30% year-on-year growth.
- Adjusted EBITDA was ₹156 crore, a 563% year-on-year increase.
- Net profit after tax was ₹72 crore, its first profitable fiscal year.
- Net revenue retention was 126%.
- High-value customers (over $1M ARR) numbered 35, up 25% year-on-year.
What happens next
- Amagi board will meet on August 13, 2026 to approve Q1 FY27 unaudited financial results.
The deal
- Type
- partnership
Founders
- Baskar Subramanian, Founder
- Srividhya Srinivasan, Founder
More on Amagi Media Labs
- Amagi Media Labs files for initial public offering12 September 2026 · IPO · ₹1,788.62 cr
- Amagi expands partnership with TV9 Network11 August 2026 · Partnership
- Amagi lists at 12% discount to IPO price21 January 2026 · IPO · ₹1,789 crore
- Sebi approves Amagi Media Labs' ₹1,020 crore IPO24 November 2025 · IPO · ₹1,020 crore
- Amagi files DRHP for Rs 1,020 crore IPO26 July 2025 · IPO · Rs 1,020 crore
- Amagi raises $12-15 million from Premji Invest20 January 2015 · Funding · $12-15 million
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