Music Broadcast Limited reported its financial results for the third quarter and nine months ended December 31, 2025. The company announced a revenue of ₹46.4 crores for Q3 FY26, marking a 23% quarter-on-quarter growth driven by improved advertiser activity and seasonal momentum. Total income stood at ₹54.8 crores. On the profitability front, Operating EBITDA for the quarter significantly improved to ₹15.9 crores from ₹1.3 crores in Q2 FY26, with EBITDA margins expanding to 34% due to cost rationalization and operating leverage. Operating EBIT margins improved to 20%. After finance costs and taxes, the adjusted profit after tax was ₹6 crores, a strong sequential turnaround from a loss in the previous quarter. Reported PAT for the quarter was ₹4.1 crores. For the nine-month period ended December 2025, total income was ₹155.8 crores and EBITDA was ₹25.3 crores. The company highlighted that while year-on-year numbers were impacted by a softer advertising environment, the sequential trend shows clear improvement in business momentum and profitability. The advertising environment saw a gradual recovery supported by festive demand. Management emphasized continued focus on cost discipline, efficient content delivery, and improved monetization across platforms. Strategic realignment initiatives aimed at strengthening profitability, optimizing costs, and improving operational efficiency are showing positive results. The company noted that cost rationalization measures, including manpower and programming, are complete and sustainable, leading to an estimated annual saving of around ₹30 crores (₹24 crores on expenses and ₹7 crores on NCRPS interest). Regarding litigation with Phonographic, the company stated that the liability is not quantifiable and they believe there should be no outflow based on their legal opinion. The gross debt on the company's books is nil, with net cash available as of December 31, 2025, being ₹373 crores, which reduced to ₹261 crores after NCRPS redemption in January 2026. The company is exploring digital solutions and integrated offerings, leveraging its radio network strength to drive revenue. The company is also using AI, including an AI radio jock named RJ Sia, for advertiser integrated solutions and content creation.