Zee Ent Q3 results: Profit soars 180% to Rs 164 cr, revenue down 8%

Zee Entertainment Q3FY25 results: Sequentially profit dropped by 22% and revenue rose by 4%

Zee Entertainment on Thursday reported a 179.7 per cent rise in its consolidated net profit at Rs 163.6 crore for the third quarter of the financial year 2024-25 (FY25). During the same period last year the company had reported a net profit of Rs 58.5 crore. Sequentially, however, the company reported a 21.9 per cent drop in profit after tax from Rs 209.4 crore in the last quarter.

 

Consolidated revenue from operations also fell 8.44 per cent to Rs 940.6 crore from Rs 1,027.4 crore reported during the same period last year. Sequentially, however, net profit rose marginally by 4.3 per cent from Rs 901.7 crore.   

The decline in revenue was attributed to delay in the renewal of a business-to-business (B2B) deal, which has impacted revenue growth during the quarter. Zee Entertainment indicated that discussions for renewal are currently ongoing and expressed optimism about maintaining momentum in performance improvement moving forward.

 

 

Advertising revenue for Q3 FY25 was reported at Rs 940.6 crore, representing an 8.4 per cent decrease compared to Rs 1,027.4 crore in Q3 FY24. However, there was a slight sequential increase of 4 per cent from the previous quarter, reflecting some recovery despite an overall weak advertising environment. This dip in ad revenue had been anticipated due to reduced spending by fast-moving consumer goods (FMCG) companies during the quarter.

 

Subscription revenue rose by 7 per cent to Rs 982.5 crore, driven by both traditional linear subscriptions and growth from ZEE5, the company's streaming service. In total, subscription revenue for the first nine months of FY25 reached Rs 2,939.6 crore, marking an 8 per cent increase.

 

Internationally, the company’s advertising revenue stood at Rs 60 crore with subscription revenue at Rs 86.6 crore for Q3 FY25. However, the company's network share slightly declined to 16.9 per cent, down from 16.5 per cent, and its weekly reach decreased from 75.7 crore to 74.6 crore.

 

In addition to financial results, Zee's Board of Directors approved the appointment of Divya Karani as an Independent Director for a three-year term starting January 23, 2025, pending approval from the Ministry of Information and Broadcasting and shareholders.