Amagi has begun reallocating investments towards AI-driven projects and has recently unveiled its first AI customer, marking an early venture into generative AI infrastructure.
Baskar Subramanian, Co-Founder & CEO of Amagi Media Labs, stated, “We already have clients in India, and while we continue to see growth, it is currently in single digits.”
Amagi anticipates that India’s contribution will increase significantly over time, buoyed by growing cloud adoption and rising streaming consumption, although the US remains its largest market.
The stock was trading at ₹399.55 at 1:04 pm on the NSE, having increased by over 6% in the last month.
In the January-March quarter (Q4FY26), Amagi Media reported revenues of ₹397 crore, a margin of 6.02%, and a net profit after tax of ₹34.3 crore.
The company has consistently achieved net revenue retention (NRR) rates of approximately 125–126%, exceeding the global benchmark for subscription technology firms. While the company aims to maintain its performance, it considers 115% to be a healthy long-term target.
The United States remains Amagi’s primary market, accounting for nearly 73% of its revenue. Management asserts that the US media and advertising market is still significantly larger than other regions, providing ample opportunities for expansion.
For FY27, the company has not issued formal revenue guidance, but management has indicated that business trends are stable and that operating leverage should continue to enhance profitability.
Amagi noted that it will keep tracking content consumption, ad impressions, and distribution metrics as essential indicators of business health.
Amagi Media’s current market capitalization stands at ₹8,653.56 crore.
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