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Tata Play FY26 loss widens to Rs 551 cr as DTH subs bleed to streaming, Free Dish
Our read
A 13.5% revenue drop and widening losses confirm linear DTH is in structural decline, making Tata Play's standalone equity story increasingly hard to underwrite.
The report,
Tata Play's FY26 net loss widened to Rs 551 crore and revenue fell 13.5% to Rs 3,530 crore as DTH subscribers migrated to DD Free Dish and streaming platforms; market share slipped to 31.08% amid prolonged Sony channel standoff.
Reported figures
From the report. Source details below
| DTH subs 51M Dec 2025 vs | 57M |
|---|
Other figures
- up 4.2% from Rs 529 cr
- ARPU up ~1% YoY
Why it matters to operators
With market share at 31% and subs eroding to streaming and Free Dish, consolidation talks with Dish TV or a strategic OTT pivot via Disney+/Jio partnerships warrant urgent evaluation.
The source
Published
First seen