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Earnings Call

Zee Entertainment Enterprises Earnings Call: Key Takeaways

Zee FY26 revenue at ₹80,989Mn (-2% YoY) with Adj. EBITDA margin of 9.3%. Pivot towards digital (ZEE5) delivering positive Adj. EBITDA.

Highlights
Revenue growth53% YoY growth in ZEE5; overall revenue down 2%.
MarginsAdj. EBITDA margin 9.3% vs 14.4% YoY due to A&P.
Demand visibilityNear-term ad traction hit by geopolitical issues; subscription growing.
Management confidenceConfident in sustaining digital unit economics and viewership gains.

Growth

ZEE5 revenue grew 53% YoY to ₹14,888Mn. TV network share rose 60bps to 17.4%.

Outlook

Investments in Phantom (₹1,160Mn) and CORE (₹200Mn). Focus on unit economics and scaling new digital initiatives.

Risks

Ad revenue impacted by Middle East crisis (-10% YoY). Higher A&P and content costs impacting margins.

Source

Earnings Call filed with BSE, NSE: ZEEL. Summary written with AI assistance from the document.

Read the document ↗

Zee Entertainment Enterprises Ltd: key numbers

Share price
₹76.87
Market cap
₹7,384 Cr
Revenue (annual)
₹8,099 Cr
Net profit (annual)
₹273.1 Cr
P/E (TTM)
35.9×Sector 27.7×
Promoter holding
3.99%+0.00% QoQ
FII holding
20.11%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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