Bengaluru-based media SaaS firm Amagi Media Labs reported a consolidated web revenue of Rs 74.8 crore for the September quarter (Q2 FY27), almost 30 occasions the Rs 2.5 crore it earned in the identical quarter final 12 months.

Its income from operations rose 27% year-on-year to a file Rs 475.8 crore, from Rs 374.8 crore.

Amagi sells cloud software program that lets TV networks and streaming corporations launch, handle, distribute and earn promoting income from reside, linear and on-demand content material throughout cable, OTT and FAST (free ad-supported streaming TV) platforms, with out proudly owning conventional broadcast infrastructure.

Sequentially, web revenue rose about 121% from Rs 33.9 crore within the June quarter, whereas income grew about 8.9% from Rs 436.9 crore.

Together with different revenue, complete revenue stood at Rs 501.9 crore, towards Rs 389.6 crore a 12 months in the past and Rs 454.5 crore in Q1. Complete bills rose about 9% year-on-year to Rs 419.3 crore from Rs 384.5 crore, effectively beneath the tempo of income progress.

Adjusted EBITDA greater than doubled, rising 114% to Rs 89.1 crore, and the margin widened 7.6 proportion factors to 18.7%, the corporate stated. Web revenue margin rose to 14.9% from 0.6% a 12 months in the past.

For the primary half of FY27, income grew about 30% to Rs 912.7 crore and web revenue reached Rs 108.7 crore. That’s already effectively above the Rs 71.7 crore revenue Amagi reported for the whole of FY26, on revenue of Rs 1,505.6 crore.

What drove the revenue soar

A lot of the achieve got here from prices rising slower than income. In its shareholder letter, Amagi stated its oblique working bills grew solely 7% whereas income grew 27%. R&D fell to 19.6% of income from 22.5%, gross sales, advertising and buyer success to 21.7% from 24.5%, and common and administrative prices to eight% from 11.5%.

ESOP-related prices fell to Rs 25.4 crore from Rs 45 crore, partly as a result of the year-ago quarter included a one-time catch-up of pre-IPO ESOP bills.

The efficient tax fee dropped to 9.4% from 50%, because the Indian enterprise turned worthwhile and started setting off carried-forward losses. Different revenue rose 76% to Rs 26.1 crore, primarily from returns on IPO cash parked in fastened deposits and mutual funds.

The corporate cautioned that Q2 margins benefited from the timing of some deliberate senior hires, whose prices will now be incurred in later quarters. It stated the first-half adjusted EBITDA margin of 15.3% is “a extra consultant near-term baseline” for its profitability.

The September 2025 quarter included income from a big broadcaster migration, and Amagi stated that excluding this, income would have grown 33%. On a relentless foreign money foundation, reported progress was 15%.

The place the income got here from

Streaming Unification, Amagi’s largest phase, grew 35% to Rs 261.1 crore and made up about 55% of income. Monetization and Market rose 28% to Rs 119.8 crore, whereas Cloud Modernization grew 9% to Rs 94.9 crore.

Channel deliveries on the platform rose 29% to 10,787, the variety of distributors grew 24% to 477, and monetised advert impressions rose 65% to 16 billion.

Through the quarter, Amagi launched 4 AI merchandise: Amagi STUDIO for cloud-based reside manufacturing, FANPULSE for turning reside sports activities moments into social media content material, Built-in Localization, and Agentic Community Operations. Its information product NEWSPULSE is now reside at native stations of a serious US broadcast group, the corporate stated.

“Q2 marked new highs for income, Adjusted EBITDA and PAT. Alongside stronger money era within the first half, this displays the progress now we have made in scaling the enterprise with higher working self-discipline,” stated Baskar Subramanian, co-founder, MD and CEO of Amagi.

Amagi ended September with Rs 1,774 crore in money and treasury and no debt. Adjusted working money stream was Rs 134 crore for the quarter.

Board adjustments

The board appointed Bhaskar Ghosh, former chief technique and innovation officer at Accenture, as a further non-executive impartial director for 3 years. In response to the submitting, Ghosh has 4 many years of expertise and is an impartial director on the board of HDFC Life Insurance coverage Firm.

It additionally appointed co-founder and promoter Srividhya Srinivasan as whole-time director for 5 years, till 4 November 2031. She retains her function as CTO, with the designation “Entire-time Director & Chief Know-how Officer”.

Srinivasan, who leads Amagi’s new product and AI technique, is the partner of Subramanian, the submitting stated. Each appointments want shareholder approval by a postal poll.

The outcomes additionally disclosed that on 22 October, Amagi was notified of a cyber extortion menace regarding considered one of its edge transmission websites. The corporate stated it knowledgeable CERT-In and doesn’t count on the incident to have a cloth monetary affect.

From unicorn to listed firm

Based in 2008 by Subramanian, Srinivasan and Arunachalam Srinivasan Karapattu, Amagi was valued at $1.4 billion in its final personal funding valuation in November 2022. Its traders embody Accel, Norwest Enterprise Companions and Premji Make investments, every of which partially offloaded their holdings by the IPO.

Its IPO raised Rs 1,788.6 crore at Rs 361 a share, comprising a recent difficulty of Rs 816 crore and a proposal on the market of about Rs 972.6 crore.