Television

Zeel reports higher numbers on improved ad, subs revenues

Zeel reported a 15 per cent YOY growth in total revenue for the quarter ended 30 June 2018

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2018/07/25/punit.jpg?itok=EPORRcfE

BENGALURU: The Subhash Chandra-led Zee Entertainment Enterprises Ltd (Zeel) reported a 15 per cent year on year (y-o-y) growth in total revenue for the quarter ended 30 June 2018 (Q1 2019, period, or quarter under review) as compared to the corresponding year ago quarter (Q1 2018). The company’s advertisement revenue increased 18.6 per cent y-o-y in Q1 2019, while its subscription revenue increased 8.3 per cent y-o-y. Zeel’s total revenue in Q1 2019 was Rs 1,772 crore as compared to Rs 1,540.3 crore in the corresponding year ago quarter. Advertisement revenue during the quarter under review increased to Rs1,146 crore from Rs 966.5 crore in Q1 2018. Subscription revenue increased to Rs 518.6 crore in Q1 2019 from Rs 479.1 crore in Q1 2018. Other sales and services increased 13.4 per cent y-o-y in Q1 2019 to Rs 107.4 crore from Rs 94.7 crore in Q1 2018.

Operating profit (EBITDA) during the period increased 16.8 per cent y-o-y to Rs 565.7 crore from Rs 484.4 crore in Q1 2018. Profit after tax (PAT) increased 31.4 per cent to Rs 326.4 crore in Q1 2019 rom Rs 248.4 crore in Q1 2018.

International Business

Zeel reported international business revenue in Q1 2019 of Rs 195.1 crore. International advertisement revenue grew 2.1 per cent y-o-y to Rs 59 crore. International subscription revenue in Q1 2019 was 6.6 per cent lower at Rs 93.4 crore. The company reported other sales and services revenue of Rs 42.7 crore from its international business.

Company speak

Zeel chairman Chandra said, “The year has commenced on a positive note, for both the company as well as the economy. Government initiatives to aid the farming sector, coupled with the normal monsoon for the third successive year is encouraging for the rural economic growth. The growth in consumption, now being driven by rural as well, bodes well for advertising spends. In addition, increasing availability and adoption of digital medium, across different sectors, will have a positive effect on the country’s growth trajectory.”

Zeel managing director & CEO Punit Goenka said, “We are happy with the all-round performance of our portfolio during the first quarter of this fiscal. Our domestic advertising growth of 22 per cent was driven by higher ad spends across categories and increase in our network viewership share. Based on our discussions with the advertisers and the visibility on ad campaigns, we believe that the ad growth for the industry could be higher than the initial estimates for this financial year.”

“On the subscription front, TRAI has notified that the new tariff order will come into effect starting January 2019. We have started discussions with our distribution partners for seamless transition to the new regime. If implemented as envisaged, the regulation would be beneficial for all the stakeholders and could be a catalyst for ARPU growth. Even under the new regime we will be able to grow our subscription revenue at a healthy pace," added Goenka.

“ZEE5, our digital OTT offering, is already amongst the top-5 digital entertainment platforms in India. We are confident that the pace of subscriber addition will further accelerate with the roll-out of original content and exclusive movie premieres. We are on track to be the largest producer of digital content in the country and are committed to make ZEE5 the #1 entertainment destination for digital consumers,” revealed Goenka.

“Our domestic broadcast portfolio further increased its market share and continues to be the leading television entertainment network in the country. The increase in viewership share is across the markets with strong traction particularly in our regional channels. We believe that there is still room for monetising the increase in market share, which will allow us to grow ahead of the market,” assured Goenka.

Let us look at the other numbers reported by Zeel

Total expenditure during the period under review increased 14.3 per cent to Rs 1,206.4 crore in Q1 2019 from Rs 1,206.4 crore from Rs 1,055.9 crore in Q1 2019. Employee benefit expense increased 2.7 per cent y-o-y in Q1 2019 to Rs 171.38 crore from Rs 166.89 crore in Q1 2018. Operational cost in the quarter under review increased 14 per cent y-o-y to Rs 668.32 crore from Rs 586.34 crore in Q1 2018.

Finance costs declined by 64 per cent y-o-y in Q1 2019 to Rs 5.29 crore from Rs 14.7 crore during the corresponding period of the previous year. Other expenses increased 26.9 per cent y-o-y in quarter under review to Rs 226.52 crore from Rs 178.57 crore in Q1 2018.

The company incurred 60 per cent lower fair value loss on financial instruments at fair value through profit and loss for Q1 2019 at Rs 21.29 crore as compared to Rs 53.21 crore in Q1 2018.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/19/BARC_Marathi.jpg?itok=gSCdHeBx
No changes in Marathi, Telugu segments in BARC data week 2

In the Bengali market, Jalsha Movies and Aakash Aath interchanged their fourth and fifth positions in BARC data week 2. Bhojpuri Cinema and Big Ganga swapped their first and second position in the Bhojpuri space. Zee Kannada and Colors Kannada swapped their first and second positions in the Kannada...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/dettol.jpg?itok=dKznWfK6
Dettol topples Trivago from top spot in BARC week 2 of 2019

The Broadcast Audience Research Council (BARC) India has released its data for top advertisers and brands for week 2 of 2019.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/19/BARC.jpg?itok=6hNM0QtI
Four news genres saw no change in BARC week 2

All the four genres apart from Hindi news urban market saw no change in second week of the year. Aaj Tak continued to groove on the same tracks in the rural, urban and U+R genres as it did the previous year. India TV and News18 India interchanged their positions in the Hindi news urban market.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/19/Kapil_Sharma_Show.jpg?itok=SXRBwXr7
Sony Entertainment Television leads urban areas in week 2 of BARC

Sony Entertainment Television jumped to second position to fifth position as compared to the previous week in the Hindi (U+R) genre in Broadcast Audience Research Council (BARC) data for week 2 of 2018. Zee Anmol retained its first position in the rural market. Sony Entertainment Television and...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/aaj.jpg?itok=WTXjyKeT
Aaj Tak becomes the world’s first News Channel to be awarded YouTube’s ‘Diamond Play Button’

India’s No.1 news channel Aaj Tak creates history yet again! The prestigious ‘Diamond Play Button’ bestowed by YouTube, recognises Aaj Tak as the global no.1, the first and the only news channel in the world to have crossed the 10 Million Subscriber mark.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/news.jpg?itok=PDqQIFhw
News18 India launches campaign; asserts channel’s leadership

News18 India, Network18’s general Hindi news channel, recently launched a campaign with a humorous and quirky film to drive home its leadership position in the crucial primetime band in the highly competitive Hindi TV news segment.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/flix.jpg?itok=1RgvxTpA
Join Drac’s Pack on their cruise as &flix presents its next #FlixFirstPremiere ‘Hotel Transylvania 3: Summer Vacation’

It is seldom that you get to see the hilarious side to a monster trying to get himself a date with the help of a technological app like Siri! Have you ever seen a monster film that is full of fun, frolic, laughter, romance and adventure?

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/9xm.jpg?itok=ZerfjJqA
9XM On Stage with Salim Sulaiman

To celebrate the Republic Day week, 9XM - India’s most popular Bollywood music destination announces the launch of 9XM On Stage a splendid musical night created in honour of the Indian Armed Forces.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/pritam.jpg?itok=tVS2_5SL
Prime Focus joins hands with Pritam and Kwan to create JAM8

Integrated media services company Prime Focus Ltd has announced its collaboration with Jam8, a musical platform founded by Indian music composer/director Pritam, and KWAN, a talent management company to serve as a 360-degree creative solution provider for the M&E industry.

Television Production House Film Production

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories