Zee Media's Q3 operating revenue up 31.7 % to Rs 2,428.1 million

Zee Media's Q3 operating revenue up 31.7 % to Rs 2,428.1 million

Ad revenue grew 33.7% to Rs 2,317.1 million

Zee Media

Mumbai: Zee Media on Thursday announced its consolidated revenues for the third quarter of FY 2022. The media conglomerate reported operating revenues of Rs 2,428.1 million up by 31.7 per cent year-on-year. The company had reported operating revenue of Rs 1,843.9 mn in Q3 during the previous year.

The total consolidated revenue was reported to be Rs 6,191.3 mn upto the third quarter ended FY 2021-22. The operating expenditure increased by 33.9 per cent to Rs 1,553.1 mn in Q3FY22 from Rs 1,160.2 mn in Q3FY21, it said.

The profit after tax (PAT) was recorded at  Rs 454.6 million which saw a growth of 31.9 per cent YoY. The company’s advertising revenues stood at Rs 2,317.1 million up by 33.7 per cent, while the subscription revenues remained flat at Rs 96.8 million.

Zee Media operates 14 news channels comprising one global, three national and ten regional language channels and is one of the largest TV news networks in the country. Its Hindi news channel Zee News garners 279 million video views on YouTube.

In January, the company expanded its regional footprint by launching four digital channels namely Zee Tamil News, Zee Telugu News, Zee Kannada News, and Zee Malayalam News.

Its digital assets combined 17 brands in 11 languages which received 4.23 billion page views during the quarter and 328 million monthly active users (MAUs).