Television

ZeeL clocks strong quarter with Rs 275.8 crore profit

It has posted a revenue of Rs 1965.8 crore

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KOLKATA: Zee Entertainment Enterprises Limited (ZeeL) has posted operating revenue of Rs 1965.8 crore for the fourth quarter. The leading broadcaster has reported a consolidated net profit of Rs 275.8 crore for the quarter ended March.

Advertising revenue for the quarter stood at Rs 1123 crore and subscription revenue was at Rs 803.4 crore. The company said the growth in subscription revenue was driven by Zee5.

Domestic advertising revenue for the quarter grew by 8.9 per cent year-on-year driven by the continued recovery in the macro advertising environment. Overall, domestic advertising revenue declined by 19.7 per cent in the financial year 2020-21 due to the continued impact of the pandemic in H1.

Programming cost, excluding one-time inventory write-off of Rs. 259.8 crore, declined by 19.2 per cent during the quarter, primarily due to lower accelerated inventory amortisation this quarter; Adjusted programming cost for the year declined by 8.2 per cent due to lower original programming during first quarter.

Zee5’s revenue and EBITDA for the quarter stood at Rs 107.5 crore, Rs (162.5) crore. The platform’s global monthly active users (MAUs) 72.6 million monthly active users, daily active users (DAUs)6.1 million global DAUs at the end of March. Zee5 viewers spent 156 minutes on average per month.

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