JioStar QoQ profit declines 33% in face of ad pressure

JioStar's net profit fell 33% quarter-on-quarter to ₹888 crore, despite a 12% rise in revenue to ₹6,896 crore, driven by growth in sports and entertainment. The company noted healthy subscription revenue across digital and TV, with digital entertainment hitting record highs. However, the TV advertising market remains challenging.