Zee Entertainment Enterprises reported a consolidated net loss of Rs 102 crore for the quarter ended 31 March 2026, compared with a net profit of Rs 188.4 crore in the corresponding period last year, as weakness in advertising and other operating segments weighed on performance.
Revenue from operations declined 7.3 per cent year-on-year to Rs 2,024.8 crore from Rs 2,184.1 crore a year earlier.
The broadcaster reported an EBITDA loss of Rs 254.8 crore for the quarter, compared with EBITDA of Rs 297.7 crore in the same period last year. Despite the weak earnings performance, the board recommended a final dividend of Rs 2 per equity share for FY26.
Advertising revenue remained under pressure during the quarter, declining 5 per cent sequentially and 4 per cent from a year earlier. Subscription revenue fell 2 per cent quarter-on-quarter, although it registered a 4 per cent increase on a year-on-year basis.
The company said domestic advertising revenue witnessed healthy momentum during January and February but was adversely impacted in March due to disruptions linked to the ongoing West Asia crisis.
Revenue from other sales and services fell sharply, declining 49 per cent sequentially and 47 per cent year-on-year.
Total expenses increased to Rs 2,341.8 crore during the quarter from Rs 1,958.4 crore a year earlier, driven by higher operational expenditure and increased advertising and promotional spending.
Operational costs rose to Rs 1,504.8 crore from Rs 1,281.9 crore in the year-ago period, while advertising and publicity expenses increased to Rs 432.4 crore from Rs 300 crore.
Shares of Zee Entertainment Enterprises ended 3.72 per cent higher at Rs 87.72 on the NSE ahead of the earnings announcement. |
