Amagi’s profit jumped 8.6 times year-on-year to Rs 33.9 crore in the June quarter of FY27. The Bengaluru-based media SaaS company earned a net profit of Rs 3.9 crore in the same quarter last year, making the latest number a big leap by any standard.
The jump is even more interesting because most of the media technology world is still figuring out how to make streaming profitable. Amagi, which quietly powers channels for some of the biggest names in television, seems to have cracked that code.
The numbers behind the jump
Amagi’s operating revenue grew 32.4% year-on-year to Rs 436.9 crore in Q1 FY27, from Rs 330.1 crore in the year-ago quarter. On a sequential basis, revenue rose 10.1% from Rs 397 crore in the March quarter.
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Including other income of Rs 17.6 crore, total income stood at Rs 454.5 crore. Total expenses increased 22.6% to Rs 414.1 crore, which means costs grew slower than revenue, and that gap is what pushed the profit up. The company reported a profit of Rs 34.3 crore in the previous quarter, so the small sequential dip is only a minor blip on an otherwise strong chart.
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Who uses Amagi, and why it matters
Amagi builds cloud technology for broadcasters and streamers. If you have watched a free ad-supported channel on a smart TV, there is a good chance Amagi helped put it there. The company manages channel launch, playout, ad insertion and monetisation entirely in the cloud, replacing expensive broadcast hardware with software.
Its client list reads like a who’s who of television: NBCUniversal, Fox Networks, Discovery Networks, Fremantle, ABS-CBN, A+E Networks UK, beIN Sports and CuriosityStream. Its technology works with major FAST platforms including Samsung TV Plus, Pluto TV and Roku, which is where the world’s free streaming audience is growing the fastest.
The streaming shift is real. Amagi’s own Global FAST Report shows ad impressions growing 41% and hours of viewing rising 38%, year after year, as viewers move from cable to free streaming channels.
The Amagi story
Founded in 2008 by Baskar Subramanian, Srinivasan K A and Srividya Sampath, Amagi started when cloud television was barely a concept. The founders bet that broadcasters would one day run their channels entirely on software, and that bet has paid off. The company has raised about $320 million in funding from investors including Accel, Norwest Venture Partners and KKR, and now serves customers across the United States, Europe, Latin America and India.
What it means
The Q1 results show Amagi growing revenue faster than expenses, a sign of improving operating leverage as the company scales. With broadcasters under pressure to cut costs and streaming platforms hungry for content, Amagi sits at the middle of one of the most important shifts in media, and it is doing so while staying firmly in profit.