Amagi Media Labs Releases Q2 & H1 FY27 Earnings Conference Call Transcript

Amagi Media Labs Limited has announced the release of the transcript for their Q2 and H1 FY27 Earnings Conference Call, which was held on November 6, 2026. The transcript is now available on the company's investor relations website. The call featured remarks from Managing Director and CEO, Mr. Baskar Subramanian, and Chief Financial Officer, Mr. Vijay NP. Key highlights from the call included a record revenue of ₹476 crores for the quarter, a 27% year-on-year increase (33% excluding a one-time item). Adjusted EBITDA more than doubled to ₹89 crores, representing an 18.7% margin. Profit after tax (PAT) stood at ₹75 crores. The company also reported an expansion in customer base to 503, with net retention remaining strong at 125%. Content processed exceeded 1 million hours, a 43% increase year-on-year, and ad impressions reached 16 billion. Amagi was recognized by IDC MarketScape as a leader in the 2026 worldwide assessment of AI-driven business cycles in the media industry.

Mr. Subramanian discussed the company's end-to-end media value chain, operating on a cloud-native platform, and highlighted AI as a critical growth lever for both cost efficiency and revenue generation. He noted the strengthening tailwinds in cloud modernization, streaming unification, and monetization, with a Total Addressable Market (TAM) of $17 billion, potentially doubled by AI. Proof points included the unification of enterprise broadcast and streaming on a single platform, expansion with clients like Scripps and NDTV in monetization, and the progression of AI initiatives from pilots to production with products like NEWSPULSE. The company also hosted its customer event, LA PLAY, and participated in IBC, where NEWSPULSE received awards. Core focus areas for Amagi include cost efficiencies, audience expansion, and revenue maximization, driven by agentic operations and new product launches like Amagi STUDIO, FANPULSE, and an Integrated Localization system.

Mr. Vijay NP detailed the financial performance, emphasizing strong top-line growth and improved profitability. He highlighted that revenue grew 27% year-on-year (33% excluding base effect) to ₹476 crores, with Adjusted EBITDA growing 114% to ₹89 crores. PAT was ₹75 crores. The company met or exceeded its financial commitments for durable growth, cost leverage, and cash conversion, with first-half adjusted operating cash flow conversion at 67% of Adjusted EBITDA. Revenue was diversified across Cloud Modernization (20%), Streaming Unification (55%), and Monetization & Marketplace (25%). Net Revenue Retention (NRR) remained above 120%. The company also reported an increase in customers above $1 million to 15. The financial review also touched upon gross margin, Adjusted EBITDA margin, and PAT margin, noting that while current quarter margins were inflated by favorable FX rates, delayed hiring, and reserve releases, underlying margins were strong. The company expects continued scaling of EBITDA and a strong Q3. Cash position remains robust with ₹1,774 crores and no debt, providing flexibility for investment and potential M&A. The company reiterated its FY27 priorities: durable revenue growth, translating growth into operating leverage, and converting leverage into cash. They also announced proposed appointments to the board: Dr. Bhaskar Ghosh as Independent Director and Srividhya Srinivasan as Director, subject to shareholder approval, to strengthen technology and transformation expertise.