JIOSTAR, THE JOINT VENTURE between Reliance Industries and Walt Disney, reduced its provision for onerous sports contracts by 31.12% to Rs 17,742 crore in FY26, down from Rs 25,760 crore in FY25. The company utilised Rs 8,018 crore of the FY25 provision during the year and made no additional sports-related provisions in FY26.
The company reported operating revenue of Rs 31,048 crore and gross revenue of Rs 36,248 crore in FY26, with net profit of Rs 3,210 crore and EBITDA of Rs 4,855 crore. JioHotstar averaged 550 million monthly active users by March 2026. A direct year-on-year comparison is not available as FY25 covered only a truncated period from November 14, 2024, to March 31, 2025, when the merged entity began operations.
JioStar said it was expanding its commerce-led entertainment strategy through AI-powered content discovery, interactive features, and integrated in-app ordering during IPL 2026. The company also highlighted a partnership with OpenAI to introduce conversational content discovery on JioHotstar.
