Recently listed media SaaS company Amagi recorded a 292% jump in its net profit after tax (PAT) for the December 2025 quarter (Q3 FY26) to ₹30.9 Cr  from ₹7.8 Cr in the same quarter last year. Sequentially, PAT zoomed over 12X from ₹2.5 Cr in the preceding quarter. 

Operating revenue surged 22% YoY and 8% QoQ to ₹404 Cr during the quarter under review. Including other income of ₹11.1 Cr, Amagi’s total income for the quarter stood at ₹415 Cr. 

The company’s expenses during the period under review stood at ₹380 Cr, up 13% from ₹335.8 Cr spent in Q3 FY25. 

Growth during the quarter was broad-based across Amagi’s three core business segments. Streaming Unification, its largest segment, contributed ₹226.2 Cr, growing 21% YoY. The revenue growth here was driven by existing clients expanding their content libraries and distribution footprint on Amagi’s platform. 

Besides, cloud modernisation revenue increased 18% YoY to ₹64.6 Cr. In its shareholders letter, the company said that YoY comparisons were affected by revenue recognition timing related to a large broadcaster engagement that was recognised earlier in FY26 due to Ind AS norms. 

The monetisation & marketplace segment generated ₹113 Cr, rising 28% YoY, supported by higher connected TV advertising demand and seasonal viewership strength during the period. It renegotiated contracts with a few of its largest customers at lower near-term pricing in exchange for longer-term commitments and improved revenue visibility. 

Meanwhile, its adjusted EBITDA surged 115% YoY to ₹57.9 Cr in Q3 FY26 from ₹27 Cr in Q3 FY25, with EBITDA margin expanding to 14.3% from 8.2% a year ago. 

However, the company clarified that the reported 14.3% EBITDA margin includes some one-time revenue and cost impacts. Excluding these, management estimated the underlying steady-state EBITDA margin to be closer to 10%.

Geographically, approximately 73% of Amagi’s revenue comes from the American continent, while its largest customer accounts for about 17% of year-to-date revenue and the top ten customers contribute around 40%.

The company said its top ten customers have been associated with it for over four years on average, and none of them have discontinued their engagement since FY23.

Amagi’s shares ended today’s trading session 1.81% lower at  ₹409.4.