Amagi Media Labs Ltd(AMAGI)

NSE: AMAGIBSE: 544679

₹ 552.65-1.32%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 12,167 crNext results: 5 Nov 2026Website: www.amagi.comUpdated: 24 Oct 2026

About

Amagi Media Labs is a cloud-native media technology company that provides broadcast, streaming, and monetization infrastructure to content owners, broadcasters, and streaming platforms worldwide. For FY26 it reported revenue of ₹1,506 Cr, up 30% year-on-year, marking its first full year of PAT profitability at scale. The company operates across three segments - Streaming Unification, Monetization & Marketplace, and Cloud Modernization - and describes itself as the only platform providing unified capability across traditional and cloud-native media operating environments.^[1]

Business segments

In Q1 FY27, Streaming Unification grew 39% YoY to ₹249 Cr, remaining approximately 57% of quarterly revenue.^[2]
Monetization & Marketplace: ₹381 Cr in FY26 (+36% YoY), connecting content creators and distributors through an ad-supported layer.^[1]
Cloud Modernization: ₹286 Cr in FY26 (+32% YoY), migrating broadcasters from traditional infrastructure to cloud-native workflows.^[1]

Platform operating metrics

Channel deliveries reached 9,989 in Q1 FY27 (+25% YoY), up from 9,425 at end of FY26 (+33% YoY).^[2]
Distributors on platform: 451 in Q1 FY27 (+28% YoY), up from 407 at end of FY26 (+24% YoY).^[2]
Cumulative content hours processed: 959K in Q1 FY27 (+43% YoY), up from ~800K in Q3 FY26 (+64% YoY).^[2]
Total monetized ad impressions: 13.6 billion in Q1 FY27 (+59% YoY and +21% sequentially); full-year FY26 was 42.4 billion (+62% YoY).^[2]
Revenue grew +21% in constant currency in Q1 FY27 (+32% reported); FY26 constant-currency growth was 23% and Q4 FY26 was 21%.^[2][1]

Customers and concentration

Net Revenue Retention was 125%+ on a TTM basis as of Q1 FY27, following 126% in FY26, 127% in FY25, and 122% in FY24.^[2]
Customers contributing more than $1 million in annual revenue grew 25% to 35 in FY26, up from 28 the prior year.^[1]
Total customer count was 492 at end of FY26; logo churn was described as low single digits in Q1 FY27.^[1]
Top-10 customers accounted for approximately 40% of revenue in Q3 FY26.^[3]
Amagi managed all 104 FIFA World Cup matches for a major U.S. broadcaster in Q1 FY27, with 100% on-air availability across 3 global regions.^[2]
The Super Bowl and Winter Olympics both ran on Amagi infrastructure during Q3 FY26.^[3]
AccuWeather completed a full end-to-end migration of its workflows to Amagi Cloud in Q4 FY26.^[1]

Platform and technology

Management estimates only 10% of TV channels have migrated to cloud (Q3 FY26).^[3]
Cloud Modernization customers follow a land-and-expand path, moving to Streaming Unification and then Monetization over time.^[3]
Enterprise agreements are typically 3 - 4 years, used for customers that reach a scaling threshold.^[3]
Per the FY26 annual report, the company continues to invest in technology, talent and AI initiatives, and aims to cut overhead costs through technology and automation.^[4]

AI products

Amagi Newspulse, the company's first agentic AI product for news networks, signed its first paying customer in Q4 FY26 and had 10+ active pilots as of Q1 FY27.^[1]
A major U.S. news network selected Amagi Newspulse in Q1 FY27 to transform into an AI-first newsroom.^[2]
A broader multi-genre AI product suite was planned for introduction at industry conferences in Q2 FY27.^[2]
An AI credits pricing model has been introduced; outcome-based pricing is being developed using Newspulse telemetry (Q1 FY27).^[2]

Recent developments

22 Oct 2026: NDTV adopted Amagi's AdFlow Orchestrator for FAST and Connected TV monetization.^[5]
FY26 annual report proposes re-appointing the MD & CEO for Dec 2026 - Nov 2031 at ₹4.07 crore total remuneration a year, up from ₹3.59 crore, with a 7.5% annual cap.^[4]
Q1 FY27 wins include an Australian broadcaster launching 4 FAST channels and a U.S. news network unifying broadcast with FAST.^[2]
New customer wins in Q1 FY27 spanned the Middle East, India and APAC.^[2]
Management had 10 M&A opportunities in active evaluation as of Q1 FY27, focused on capability-led deals; no imminent deal was signalled.^[2]

Market Cap

₹12,167 Cr

High / Low

₹726 / 311

Stock P/E

167.0

Price / Book

6.8

Book Value

₹81

EPS

₹3.3

No. of Shares

21.63 Cr

ROCE

5.2%

ROE

4.1%

OPM

5.9%

Debt / Equity

0.00

Sales

₹1,506 Cr

Net Profit

₹72 Cr

Promoter holding

14.7%

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