Shareholders'' Letter for Q1 FY27 dated August 13, 2026

amag1 August 13, 2026 BRSeE: A LMimAiGteI/dS E/2026-27/49 National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, SDcarlaipl SCtoredeet ,– F 5o4rt4, 679 SByamndbroal K –u ArlMa ACoGmI plex, Bandra (E), Mumbai – 400001, Maharashtra Mumbai – 400051, Maharashtra DSuebarje Scitr:/ SMhaadraemho, lders’ Letter dated August 13, 2026. We are pleased to enclose the Shareholders' Letter for Q1 FY27 dated August 13, 2026. The Shareholders' Letter is also being hosted on the Company’s website at https://www.amagi.com/investors/quarterly-financials. We request you to please take the same on record. Thanking you. Amagi Media Labs Limited For and on behalf of Sridhar Muthukrishnan Company Secretary and Compliance Officer Membership No.: F9606 Encl: As above 11Am agi Media Labs Limited (formerly known as “Amagi Media Labs Private Limited”) CIN: L73100KA2008PLC045144 Registered office: Raj Alkaa Park, Sy. No. 29/3 & 32/2, 4 Floor, Kalena Agrahara Village, Begur Hobli, Bengaluru – 560076, Karnataka P E W : +91 80 4663 4444 | : info@amagi.com | : www.amagi.com This Report Covers 01 Amagi Vision Our long-term view on value creation 02 CEO's Address QI FY27 performance highlights and Strategic Priorities 03 QI FY27 at a Glance Key Financials, Business Metrics and Takeaways 04 Investor FAQs Market, Financials, Growth Drivers and Outlook 05 Annexures Definitions, KPls, Financials and Reconciliations 06 Disclaimer and Forward-Looking Statements Disclaimers, disclosures and forward-looking statements The Media Industry Cloud "1J1ii1IP· ,,. ,..,,.. 2. CEO’s Address Dear Shareholders, We are off to a strong start to the year, with the highest quarterly revenue in the company’s history. Growth and profitability progressed together, and the operating leverage we have discussed is increasingly visible in our results. Across customer conversations, we continue to see a clear need to consolidate fragmented workflows, reduce operating costs and create new revenue opportunities. Each is a proof point of how our infrastructure supports the industry’s transformation. The AI adoption we said was moving from intent to implementation is now converting. A leading US news broadcast network has chosen NEWSPULSE for its newsroom AI transformation, and we are now in more than ten active pilots with news organizations globally. Alongside this, we operated the high-stakes FIFA World Cup for several of our customers this quarter — one of the biggest live events in global media, delivered on our trusted infrastructure. The platform we have compounded year after year is what we now call ‘Media Industry Cloud’ — the industry vertical cloud for media. It is the foundation from which we intend to lead the three changes shaping this industry. The first is the AI-native transformation of the workflows the industry runs on today, with NEWSPULSE as the first commercial expression, with much more room ahead. The second is service-as-software — as agentic systems begin to make and execute operational decisions, entire categories of work delivered as services today will move into software. The third is the longer arc: content going global, with owners and distributors transacting across borders and platforms on infrastructure that the Media Industry Cloud is naturally positioned to build. We ended the quarter with a strong cash position and continue to actively evaluate acquisitions that extend this foundation. We remain early and expect the compounding to continue. Thank you for partnering with us in this exciting journey. Regards, Baskar Subramanian Managing Director & CEO, Amagi Media Labs Limited 3. Q1 FY27: At a Glance REVENUE ADJ. EBITDA PAT CASH Ql FV27 Ql FV27 Q1FV27 As of 30 Jun 2026 2437Cr 250Cr 234Cr 21,616 Cr & +32%Y/Y & +201%Y/Y • +760% v/v & +118%Y/Y CC growth +21% Y/ Y 11.5% margin 7.5% margin Incl. /PO proceeds Charts show rounded values. Please refer to Annexure B for precise values and the detailed metrics pack. Key Takeaways ● Revenue grew 32% Y/Y to ₹437 Cr (CC growth at 21%), driven by growth in Streaming Unification and Monetization and Marketplace segments. ● Adjusted EBITDA rose 201% Y/Y to ₹50 Cr, with margin expanding 6.4 ppts Y/Y to 11.5%, while PAT reached ₹34 Cr with margin expanding 6.3 ppts Y/Y to 7.5%, driven by operating leverage and disciplined execution. ● Our business flywheel strengthened this quarter, with cumulative hours processed reaching 959K (+43% Y/Y), channel deliveries 9,989 (+25%), distributors 451 (+28%), and monetized impressions 13.6 billion (+59%). ● Cash balance stood at ₹1,616 Cr (+118% Y/Y), including IPO proceeds, with no debt. 4. FAQs In this section, we address key questions about our Q1 FY27 performance and business outlook, shaped by our assessment of what matters most this quarter and by the valuable feedback we continue to receive through ongoing investor and analyst dialogue. Quarter Overview Q1: How would you summarise this quarter's performance? Q1 FY27 marked a strong start to the year, with revenue reaching ₹436.9 Cr, up 32.4% Y/Y on a reported basis and 21.3% in constant currency. Growth was led by Streaming Unification (+39% Y/Y) and Monetization & Marketplace (+30% Y/Y). Cloud Modernisation grew 17% against a high prior-year base that benefited from revenue recognition related to a large broadcaster migration, as disclosed in our Q3 FY26 earnings call. Excluding this impact, segment growth would have been 32%. Given the scale and implementation cycles of these engagements, the segment is better assessed on a full year basis rather than through an individual quarter. Adjusted EBITDA grew 201% Y/Y to ₹50 Cr, with margin expanding 6.4 ppts Y/Y to 11.5%. Opex as a percentage of revenue improved by 8.6 ppts Y/Y to 55.8%, underscoring the structurally margin-accretive nature of our business as we scale. PAT came in at ₹34 Cr, translating to a margin of 7.5%, an expansion of 6.3 ppts Y/Y, supported by healthy flow-through from Adjusted EBITDA. Revenue(! Cr) Adj. EBITDA (! Cr) PAT (!Cr) .._ +32% v/v "-+201%Y/Y "-+760%Y/Y Q1FY26 Q1FY27 Q1FY26 Ql FY27 Q1FY26 Ql FY27 Q2: What were the major announcements and milestones in Q1? Q1 brought strong progress across product, customers, and live programming. On product, NEWSPULSE, our agentic AI-first newsroom platform has been chosen by a large US news broadcaster, to automate vertical-news editorial workflows from live and recorded feeds through to social platforms and the broadcaster's owned properties. On customers, we continued to see global content owners moving their playout workloads to Amagi. We saw broad-based progress across regions worldwide. We had TV networks spanning Australia, APAC, Middle East, India, and the US networks signing up for Amagi solutions across cloud modernization, streaming and monetization. ● ABC Commercial, the commercial arm of Australia’s national broadcaster, launched four FAST channels on LG Channels using Amagi for origination, distribution and monetization. A US network built around live courtroom coverage moved its broadcast operations to Amagi CLOUDPORT. We also secured mandates from two major US television networks to expand their FAST portfolios by 15 and 25 channels, respectively, in addition to their existing broadcast deployments. These wins demonstrate the value of unifying linear and streaming workflows on a common cloud-native platform. ● A Middle East television network added 4 channels to its existing cloud deployment on Amagi and selected THUNDERSTORM to monetise ad inventory on its FAST networks. An Asia Pacific television network signed a Managed Services engagement across 6 broadcast and FAST channels, with Amagi AI Smart Scheduler automating scheduling. ● We also secured meaningful wins in monetisation. TV9, a major Indian media house, came onboard to expand CTV distribution and monetisation of its channels. A large US FAST platform selected Amagi ADS PLUS and THUNDERSTORM to monetise in-content ad forma [Showing first 8,000 characters — download PDF for full document]