JioStar , the Indian media giant formed from the merger of Disney’s Star India and Reliance’s Viacom18, reported record quarterly EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of $196 million with industry-leading margins of 28.1% for the quarter ended Sept. 30, parent company Reliance Industries has revealed.

The media business posted gross revenue of $815 million for Q2 FY26, with profit after tax reaching $149 million. For the half year, JioStar generated revenue of $2.08 billion with EBITDA of $310 million, representing a margin of 17.5%.

JioHotstar , the platform’s streaming service, averaged 400 million monthly active users during the quarter, demonstrating strong user retention following the conclusion of the Indian Premier League cricket tournamen

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