ShareChat’s Revenue Rises 40% to ₹1,016 Crore in FY26; Targets First Profitable Year in FY27

ShareChat has reported a sharp increase in revenue for the financial year ended March 2026, marking a significant step forward in its efforts to build a financially sustainable social media business. The company’s revenue rose 40% year-on-year to ₹1,016 crore in FY26, crossing the ₹1,000-crore milestone as it expanded monetisation across its social media, short-video and micro-drama platforms.

The performance reflects a turnaround for Mohalla Tech, ShareChat’s parent company, after several years of restructuring, cost reductions and efforts to improve unit economics. The company is now targeting its first profitable financial year in FY27, with growth in micro-drama content, advertising and subscription revenue expected to support the next phase of expansion.

ShareChat Crosses ₹1,000 Crore Revenue Milestone

The FY26 revenue increase represents a significant acceleration compared with the previous financial year. ShareChat reported revenue of ₹723 crore in FY25, compared with ₹718 crore in FY24. The latest growth suggests that the company has begun converting its large user base into higher commercial returns.

The improvement follows a period in which the company prioritised cost control over aggressive expansion. In October 2025, ShareChat said it had reduced its adjusted EBITDA losses by 72% to ₹219 crore in FY25, from ₹793 crore in FY24. It also said its core business had become cash-flow positive.

The FY26 revenue milestone indicates that the company’s restructuring efforts are now being accompanied by stronger topline growth. However, revenue growth alone does not establish that the entire business is profitable. Its ability to control content, technology, marketing and employee costs will remain important as it pursues full-year profitability.

Micro-Dramas Become a Major Growth Driver

One of ShareChat’s most important strategic bets has been the expansion of micro-dramas, short episodic stories designed primarily for mobile consumption. The format has gained traction in India as viewers increasingly consume entertainment through short, frequently updated video episodes.

Mohalla Tech operates three major consumer platforms: ShareChat, Moj and QuickTV. ShareChat focuses on regional-language social content, Moj is its short-video platform, and QuickTV is a subscription-led micro-drama application.

The company has been distributing micro-drama content across these platforms through different monetisation models. QuickTV offers subscription-based access, while ShareChat and Moj provide opportunities to reach audiences through free, advertising-supported content.

This approach allows the company to generate revenue from both viewers and advertisers. It also gives micro-drama producers access to an established distribution network rather than requiring every new title to build an audience independently.

In October 2025, ShareChat said around 35 million users were consuming micro-dramas every month across ShareChat and Moj, watching more than 200 million episodes daily. By July 2026, reports citing the company’s leadership indicated that its platforms had reached approximately 65 million monthly micro-drama viewers, with more than 700 million episodes watched each day.

Advertising and Subscriptions Support Monetisation

Advertising remains central to ShareChat’s business model. Its regional-language audience gives advertisers access to users across smaller cities and towns, where digital consumption patterns and language preferences can differ from those in major metropolitan markets.

The company is attempting to extend this advertising opportunity beyond conventional social-media feeds. By introducing ad-supported micro-dramas, it can offer brands access to audiences consuming longer, episodic entertainment.

This creates an opportunity to compete for advertising budgets that have traditionally gone to television and over-the-top streaming platforms. The commercial opportunity will depend on whether ShareChat can maintain viewer engagement while integrating advertising without disrupting the entertainment experience.

QuickTV adds another revenue stream through subscriptions. Its model allows the company to monetise viewers willing to pay for premium episodes or access to additional content. The combination of subscriptions and advertising also reduces dependence on a single source of revenue.

AI Could Improve Content Production Economics

Artificial intelligence is another important part of ShareChat’s strategy. The company already uses AI across content recommendations, moderation, advertising and personalisation. It is also exploring generative AI to make micro-drama production faster and less expensive.

Producing a large volume of episodic entertainment requires investment in scripts, actors, production teams and post-production. Lower production costs could allow ShareChat to experiment with more stories, languages and formats while improving the economics of each title.

Company executives have indicated that AI-generated production workflows could help reduce content costs and improve margins. The technology could also make it easier to adapt successful formats for different regional audiences.

However, AI-generated entertainment still needs to meet quality expectations. Viewer retention, storytelling and repeat consumption will determine whether lower production costs translate into sustainable commercial returns.

From Cost-Cutting to Profitability

ShareChat’s financial progress follows a difficult period for India’s startup ecosystem, when tighter funding conditions forced technology companies to reassess spending and growth strategies.

The company responded by reducing costs, restructuring teams and discontinuing business initiatives that did not demonstrate a clear path to monetisation. It shifted its focus towards improving the economics of its existing platforms instead of pursuing expansion across too many product categories.

The reduction in adjusted EBITDA losses in FY25 was an early indication that the strategy was working. The increase in FY26 revenue provides another sign of improvement.

For FY27, the company is targeting its first profitable year. Achieving that goal will require it to sustain revenue growth while managing investments in content, technology, infrastructure and customer acquisition.

The Bigger Picture

ShareChat’s performance highlights the growing importance of regional-language digital platforms in India’s internet economy. Large social-media companies have established broad audiences, but there remains an opportunity to build products around local languages, entertainment preferences and content formats.

Micro-dramas could become an important part of this market. Their short episodes, mobile-first distribution and multiple monetisation options make them attractive to platforms seeking to increase user engagement and advertising revenue.

At the same time, competition is increasing as more entertainment companies and digital platforms enter the category. ShareChat will need to maintain a steady supply of compelling content and demonstrate that its monetisation model can generate profits at scale.

Looking Ahead

ShareChat enters FY27 with a larger revenue base and a business model that extends beyond conventional social networking and short-form videos. Its ability to combine advertising, subscriptions and micro-drama distribution across ShareChat, Moj and QuickTV could provide multiple sources of growth. AI-assisted production may further improve the economics of its entertainment business, provided content quality and audience engagement remain strong.

The central test will be whether the company can turn its revenue growth into consistent full-year profitability. Investors and potential public-market stakeholders will closely monitor operating margins, cash generation and the sustainability of its newer revenue streams. If ShareChat meets its FY27 target, it would mark a major milestone in its transition from a growth-focused startup to a financially sustainable digital media company.