RMG headwinds in India
Real money gaming vertical continues to face regulatory and operational challenges, impacting ad budgets. Management expects carry-forward effect into Q3.
medium · management_commentaryAffle 3i Limited — Q2 FY26
Affle delivered a record quarter with revenue of ₹646.7 crore (+19.1% YoY), EBITDA of ₹146.1 crore (+28.9% YoY), and PAT of ₹115 crore (+20.1% YoY).
bullish
high
Financial stats pending filing verification
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
US budget rollover due to tariff uncertainty
Some US advertisers deferred budgets from Q2 to Q3 due to tariff-related uncertainty, though pipeline remains strong.
low · management_commentaryPotential margin pressure from provisioning
Additional provisioning for trade receivables in RMG vertical impacted PBT by ~0.5%, with ongoing assessment required.
low · analyst_question