ShareChat, the Indian social media platform, has achieved operational profitability in the first quarter of the fiscal year starting April 2026, according to Chief Financial Officer Manohar Charan. The company, which plans to list publicly within the next four to five quarters, has seen a significant turnaround by cutting costs and focusing on profitable ventures.
Annual revenue has surpassed 10 billion rupees ($105 million) and is projected to reach 14 billion rupees with a growth rate exceeding 30%.
A major factor in ShareChat's recovery has been the popularity of micro-dramas, serialized stories in episodes as short as 60 seconds. These have become a rapidly growing form of digital entertainment in India, with the market expected to grow at a compound annual growth rate of 31% to $4.5 billion by 2030. ShareChat currently serves about 65 million monthly micro-drama viewers, capturing approximately two-thirds of the Indian audience for this format.
“Our unit economics has now turned positive.”
Manohar Charan, CFO of ShareChat
ShareChat and its associated apps, including Moj and QuickTV, have a combined user base of about 150 million monthly active users, with QuickTV alone boasting 3 million subscribers. The platforms have carved a niche in smaller Indian towns and cities, offering regional language content that differentiates them from competitors like Facebook and Instagram.
Artificial intelligence plays a crucial role in ShareChat's operations, enhancing content recommendations, moderation, advertising, and personalized content. The company plans to expand its in-house generative AI studio, which is expected to improve margins by 5% to 7% over the next two years.
“We will aim to list over the next four or five quarters.”
Manohar Charan, CFO of ShareChat
Background
The company's journey to profitability comes after years of cost-cutting and strategic shifts following a slowdown in venture funding post-Covid. ShareChat's focus on micro-dramas and AI-driven efficiencies has positioned it well for future growth.
Looking ahead, ShareChat's potential IPO could raise up to $400 million, marking a significant milestone in its growth trajectory. Investors and market watchers will be keen to see how the company leverages its profitability and technological advancements to capture further market share.
