Mukesh Ambani'S JioStar business earns more in Q1 FY26 than BCCI's entire FY25
Mukesh Ambani-led JioStar business — the joint venture between Reliance Industries and Walt Disney's India media operations — posted a revenue of ₹11,222 crore in the first quarter of FY26, surpassing the Board of Control for Cricket in India's (BCCI) entire income for FY25.
BCCI, as per its audited annual report, earned ₹9,741.71 crore in the full financial year FY25, with the Indian Premier League (IPL) contributing ₹5,761 crore to its coffers. Other streams of income for BCCI included ₹1,042 crore from ICC distributions, ₹813 crore from media rights, ₹377 crore from the Women's Premier League (WPL), ₹361 crore from men's international matches, and about ₹986 crore as interest income.
In contrast, JioStar generated ₹11,222 crore in just the April–June 2025 quarter, with the IPL 2025 season being the biggest growth driver for its business. The company also posted an EBITDA of ₹1,017 crore, with its digital platform JioHotstar achieving a subscriber base of 287 million during the IPL and reaching over 800 million viewers on TV.
According to Reliance Industries, IPL 2025 delivered record-breaking viewership with 1.19 billion viewers across TV and JioHotstar. The merger of JioCinema and Disney+ Hotstar into JioHotstar earlier this year allowed JioStar to consolidate its dominance in both OTT and linear television.
On the linear TV front, Star Plus retained its leadership in the Hindi general entertainment category, while regional channels like Star Pravah, Star Jalsha, and Asianet also held top positions in their respective markets.
The figures highlight how the IPL has evolved into a lucrative property not just for the BCCI but even more so for broadcasters and streaming platforms. With its quarterly revenue already exceeding BCCI's full-year income, JioStar has solidified its position at the center of India's sports and entertainment economy.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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