Tata Play FY26 loss widens to Rs 551 cr as DTH subs bleed to streaming, Free Dish
Tata Play's FY26 net loss widened 4.2% to Rs 551 crore while revenue dropped 13.5% to Rs 3,530 crore. DTH subscribers fell to 51M from 57M as customers migrated to JioHotstar, Netflix, Prime Video and DD Free Dish. Market share slipped to 31.08% amid a prolonged Sony channel standoff; ARPU rose just ~1% YoY.
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.
Why this matters
Tata Play's FY26 results show deepening pressure as DTH erodes against OTT and free platforms. Loss widening alongside a 13.5% revenue drop and 6M subscriber exodus signals structural decline, not a cyclical dip.
Retail-company theme steady at 2,823 signals over 90 days; Tata Play bucks trend with widening losses.