Amagi Media Labs (AMAGI) Q4 25/26 earnings summary

Executive summary

• Achieved strong revenue growth of 30% year-over-year to ₹1,506 crore (₹15,056.06 million), with all segments growing over 25%.

• Returned to profitability at scale, delivering a PAT of ₹72 crore (₹716.73 million), a swing from a net loss of ₹69 crore (₹687.14 million) in FY25.

• Adjusted EBITDA rose over six-fold to ₹156 crore (10% margin), with operating leverage and margin expansion.

• Net revenue retention remained strong at 126% for the third consecutive year, with $1M+ customers up 25% to 35.

• AI commercialization began with NEWSPULSE, securing its first paying customer and multiple trials with news networks.

Financial highlights

• FY26 revenue reached ₹1,506 crore, up 30% year-over-year; Q4 revenue was ₹397 crore, up 29%.

• Adjusted EBITDA for FY26 was ₹156 crore (10% margin), up from ₹23 crore last year; Q4 adjusted EBITDA was ₹40 crore.

• PAT turned positive at ₹72 crore for the year, compared to a loss of ₹69 crore in FY25; Q4 PAT was ₹34 crore.

• Adjusted operating cash flow improved 80% to ₹60 crore; free cash flow rose 29% to ₹38 crore.

• Cash and investments at year-end totaled ₹1,664 crore, including IPO proceeds.

Outlook and guidance

• Focus remains on durable revenue growth, operating leverage, and cash conversion.

• No quantitative guidance provided, but management aspires to maintain healthy growth and margin expansion.

• Q1 typically represents 22% of annual revenue and 11% of adjusted EBITDA, with profitability scaling through the year.

• The company continues to monitor regulatory changes, including new Labour Codes, and has recognized incremental employee benefit costs.