Investor Presentation

**1. Financial Highlights:** HT Media's Q1 FY26 consolidated revenue reached ₹451 Cr (+6% YoY), with EBITDA at ₹10 Cr (+33% YoY). The net loss significantly narrowed to ₹11 Cr, while net cash strengthened to ₹976 Cr (+14% YoY). The Print segment's operating revenue improved to ₹324 Cr (+8% YoY), achieving operating EBITDA of ₹15 Cr.

Digital revenue grew to ₹56 Cr (+21% YoY), narrowing its operating loss.

The Radio business, however, experienced a dip in revenue and increased operating loss. **2. Strategic Initiatives & Growth Drivers:** The company is accelerating Digital business growth, deepening Print offerings, and reimagining the Radio business with experiential and integrated formats, emphasizing non-free commercial time revenue.

Targeted efforts are boosting Print circulation, and digital platforms like Mosaic, Shine, and OTTplay are driving momentum with differentiated offerings. **3. Business Developments:** Digital properties, including OTTplay, Mosaic, and Shine, continue to gain traction, contributing significantly to segment revenue expansion and improved profitability. **4. Market Position & Competitive Advantage:** Print maintains its leading market presence and relevance as an effective medium, demonstrated by strong advertising revenue growth year-on-year, particularly in English and Hindi segments. **5. Investor Implications:** The company shows positive growth potential, particularly from its robust Print and growing Digital segments, backed by improved profitability and a strong cash position.

The ongoing strategic pivot in the Radio business presents an execution risk to monitor.