HT Media Group delivered a solid Q2 FY26. **Business Performance:** The company reported strong growth in both operating revenue and profitability annually and sequentially.

Print revenue grew, led by advertising, with significantly improved operating margins.

Radio saw sequential revenue and profitability improvement.

Digital business posted strong revenue growth but margins remained suppressed due to its growth-oriented strategy. **Growth Drivers or Strategy:** HT Media is strategically adapting across all business verticals.

It focuses on driving Digital through targeted content initiatives, reinforcing its core Print portfolio, and sharpening Radio's focus on integrated formats and immersive experiences. **Recent Developments:** Key digital properties, including OTTplay, continued to gain traction, contributing to segment revenue growth. **Key Financial Metrics:** Total Revenue hit 499 Cr (+4% YoY, +11% QoQ). EBITDA jumped to 44 Cr (+33% YoY, +347% QoQ), with EBITDA margin at 9%. PAT improved to a loss of 4 Cr.

Net cash stands at 947 Cr. **Management Commentary / Outlook:** Management expressed confidence in their vision, emphasizing strategic adaptation across the evolving media landscape and an unwavering commitment to their diverse audience.