JioStar, the Indian media giant formed from the merger of Disney’s Star India and Reliance’s Viacom18, posted quarterly revenues of INR8,010 crore ($883 million) with healthy EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of INR1,303 crore ($144 million) for the quarter ended Dec. 31, 2025, as streaming platform JioHotstar achieved its highest-ever engagement for entertainment content.
The standout performance came from India’s historic ICC Women’s World Cup Cricket victory, which drew 99 million digital viewers for the final match — matching the scale of an Indian Premier League game and signaling a watershed moment for women’s sports viewership in the country. The platform averaged 450 million monthly active users during the quarter, on par with the IPL-heavy first quarter.
“JioStar properties delivered unmatched monetization and consumption across digital and linear TV, cementing our position as the definitive home of live sports in India,” the company stated in its earnings release.
The platform’s television network reached over 830 million viewers during the quarter, delivering more than 60 billion hours of watch time. JioStar’s TV entertainment viewership share climbed to 34.6%, up 100 basis points year-over-year, approaching the combined share of the next three biggest networks.
JioHotstar’s entertainment slate delivered breakthrough engagement, led by “Bigg Boss” across multiple languages, along with hit movies including “Lokah” and “Mirai.” The platform also launched “Mahabharat: Ek Dharmayudh,” its first AI-led series, which saw “exceptionally strong traction and robust multi-language adoption.”
Digital sports consumption scaled new heights, especially for cricket, with average watch time per Men’s ODI and T20 match increasing 55% year-over-year. India’s cricket tour of Australia reached 122 million viewers on linear TV and 142 million on JioHotstar, while South Africa’s tour of India became 2025’s biggest bilateral series with 166 million linear viewers and 187 million digital viewers.
The platform introduced new product innovations including multi-view functionality and interactive features like “Meme the Moment,” aimed at deepening user engagement during live sports.
JioHotstar continued to earn strong industry recognition, with “Special Ops Season 2” and “Criminal Justice: A Family Matter” featuring among IMDb’s Top 10 Indian series of 2025. The platform gained multiple wins at Screenxx Awards 2025 and Promax Asia 2025, along with international nominations at the Golden Globes and Critics Choice Awards.
In Hindi-speaking markets, the Colors network dominated the non-fiction genre with the top three shows: “Laughter Chefs 3,” “Bigg Boss S19,” and “Pati Patni Aur Panga.” Regional general entertainment channels maintained leadership positions across their respective markets.
Subscriptions grew during the quarter, driven by higher acquisitions and stable retention rates, supported by the platform’s “stacked content calendar across sports and entertainment properties.”
On the theatrical front, “Avatar: Fire and Ash,” distributed by Jio Star Studios, emerged as India’s biggest Hollywood release of 2025, with the country ranking as the seventh-highest-grossing market globally for the film.
For the nine-month period, JioStar reported revenues of $2.9 billion with EBITDA of $447 million, as the company continued to consolidate its position as India’s leading media and entertainment platform.