ALFA Finder| Revenue growth | ZEE5 revenue grew 58% YoY. |
|---|---|
| Margins | EBITDA margin compressed to 4.1% from 12.5% YoY due to programming costs. |
| Demand visibility | Ad recovery seen in June post-FIFA acquisition; linear subscription pricing driving growth. |
| Management confidence | Positive outlook on digital business momentum and FIFA viewership gains. |
Growth
Revenue grew 5% YoY; Subscription revenue rose 16% YoY. EBITDA declined 65% YoY to Rs 789 Mn with 4.1% margin.
Outlook
Focus on FIFA 2026 rights and digital growth. Maintaining healthy balance sheet with Rs 22.1 Bn cash.
Risks
Ad revenue down 11% YoY citing Middle East Crisis and cricket competition. Higher A&P spends for sports.
Last quarter's promises, checked
Delivered
- Digital breakeven objective → ZEE5 EBITDA positive at 44 Mn (= BEAT)
- Costs to stabilize after Q2 bump → Q1 FY27 EBITDA margin 4.1% vs 7.4% in Q2 (= BEAT)
- Revenue uptick in H2 FY26 → Q1 FY27 revenue up 5% YoY (= BEAT)
Partly delivered
- Subscription revenue growth → delivered 16% YoY (= BEAT)
Missed
- Ad revenue growth 6-8% → delivered -11% YoY (= MISS)
- Exit margin 18-20% → delivered 4.1% (= MISS)
Earnings Call Transcript filed with NSE, NSE: ZEEL. Summary written with AI assistance from the document.
Zee Entertainment Enterprises Ltd: key numbers
- Share price
- ₹71.72
- Market cap
- ₹6,889 Cr
- Revenue (annual)
- ₹8,099 Cr
- Net profit (annual)
- ₹273.1 Cr
- P/E (TTM)
- 38.9×Sector 28.9×
- Promoter holding
- 3.99%+0.00% QoQ
- FII holding
- 18.08%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Zee Entertainment Enterprises Ltd
All →Zee Entertainment Enterprises Board Meeting Date
Zee Entertainment has called a board meeting for 12 November 2026 to address the recent share price decline. Buyback and interim dividend proposals are under consideration, with no decision yet taken.
Zee Entertainment Enterprises Investor Presentation: Key Takeaways
Q2 FY27 operating revenue rose 13% YoY; EBITDA INR708m (3.2% margin) and PAT INR456m. FIFA-driven digital surge, but margins were hit by sports and new-initiative spends.
Zee Entertainment Enterprises Earnings Call Transcript: Key Takeaways
Q2 FY27 revenue rose 13% YoY to ₹22,246 Mn on digital and FIFA, but EBITDA margin fell to 3.2% (7.4% a year ago) and PAT fell 40%.
Zee Entertainment Enterprises Other Announcement
Zee Entertainment updated its authorised KMP list for Reg 30 disclosures, effective 2 November 2026, after a Company Secretary change. No money or business event is involved.
Zee Entertainment Enterprises Management Change
Zee Entertainment appointed Sangeeta Shetty as Chief Compliance Officer and Company Secretary effective 2 November 2026, replacing Ashish Agarwal who resigned. No monetary value is involved.
Zee Entertainment Enterprises Results Update
Zee Entertainment filed an earnings release for Q2 FY27 on unaudited standalone and consolidated results. Operating revenue rose 13% YoY to Rs 22,246 Mn with EBITDA of Rs 708 Mn.