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

Executive summary

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

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

• Net revenue retention remained strong at 126% for the third consecutive year, reflecting durable customer expansion.

• AI commercialization began with NEWSPULSE, the first agentic product, securing its first paying customer and ongoing trials.

• Executed major global media events (FIFA, Super Bowl, Grammys, Oscars, Winter Olympics) and won multiple industry awards.

Financial highlights

• FY26 revenue reached INR 1,506 crore (₹15,056.06 million), up 30% year-over-year; Q4 revenue was INR 397 crore, up 29%.

• Adjusted EBITDA grew over 6x to INR 156 crore (₹155.7 crore, 10.3% margin); Q4 adjusted EBITDA was INR 40 crore, up 161% year-over-year.

• PAT turned positive at INR 72 crore (₹71.7 crore, 5% margin) for the year, compared to a loss of INR 69 crore last year; Q4 PAT was INR 34 crore.

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

• Cash and investments at year-end totaled INR 1,664 crore (₹2,830.13 million), including IPO proceeds.

Outlook and guidance

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

• No prescriptive quantitative guidance, but aspiration is to maintain healthy top-line growth and margin expansion.

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

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