Shemaroo Entertainment reported Q1 FY27 revenue of INR 132 Cr (down 6% YoY), narrowing its EBITDA loss to INR 2 Cr from INR 56 Cr a year ago.

Net loss reduced to INR 8 Cr.

Excluding new initiatives, EBITDA stood at INR 18 Cr.

Digital revenue declined 17% due to B2B deferrals, while traditional media grew 5%. Management projects double-digit top-line growth with a strategic focus on digital, aiming for over 20% EBITDA margin in 2-3 years.

ShemarooMe (Gujarati) continues to expand content and build strong consumer loyalty.

Despite robust YouTube engagement, the company is prioritizing Connected TV for better monetization.

Outlook is confident on digital pivot and operational efficiency, cautious on the subdued traditional advertising environment.