Zee Media Corp revenue rises 28.8 % to Rs 170 crore in Q1

EBITDA increased from 40.9 cr in Q1FY21 to Rs 45.3 cr in Q1FY22

Mumbai: Zee Media Corporation's operational revenue was up 28.8 per cent to Rs 170.18 crore for the quarter ended in June 2021 as against Rs 132.14 crore in the corresponding period of the previous fiscal.

The network has reported a consolidated net loss of Rs 9.06 crore for the quarter under review on account of exceptional items. The company has posted a net profit of Rs 12.26 crore during the April-June quarter of the previous fiscal, Zee Media Corporation Ltd (ZMCL) said in a regulatory filing.

ZMCL's total expenses were at Rs 157.70 crore, up 35.16 per cent Q1/FY 2021-22, as against Rs 116.68 crore. The company suffered a loss of Rs 17.11 crore for exceptional items and tax for April-June quarter.

ZMCL comprises of 14 news channels, including one Global, three National and ten Regional/language channels - Zee News, Zee Business, WION, Zee Hindustan, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chhattisgarh, Zee 24 Taas, Zee 24 Ghanta, Zee Odisha, Zee Bihar Jharkhand, Zee Rajasthan, Zee Salaam, Zee 24 Kalak, and Zee Uttar Pradesh Uttarakhand.

The company said its digital news portfolio continues to witness growth across the properties. The language news properties spanning 16 brands in 12 languages received 1.9 billion views in Q1 FY22 compared to 1.6 billion views in Q4FY21. Monthly Average Users (MAUs) grew from 107.7 million in Q4FY21 to 141.9 million in Q1FY22.

Meanwhile, the company has appointed Swetha Gopalan as an Independent director of the company for a term of five consecutive years with effect from 1 August. Gopalan started her career in 2010, when she joined Johns Hopkins Medicine International, USA, and has worked with Parkway Health and The Noble Group, both in Singapore. She also worked as a Business Analyst with Tata Consultancy Services in the USA from 2015 to 2016.


Latest Reads
MTV launches 'Memory Karaoke' to help people with Alzheimer’s

Mumbai: MTV in collaboration with Ogilvy has launched 'Memory Karaoke' - an initiative to help those living with early Alzheimer's cope with memory loss.  Emphasising how forgetting isn’t funny, 'Memory Karaoke' will feature four foot-tapping songs based on commonly forgotten information by those...

Television TV Channels Music and Youth
IPRS launches awareness drive on music licensing

Mumbai: The Indian Performing Right Society (IPRS), India’s only copyright society representing authors, composers, and publishers of music is commencing a three-month-long campaign 'License Liya Kya' to educate music users on the different licensing needs and kinds of music licenses available.

Television TV Channels Music and Youth
Times Network to launch ET Now Swadesh on 4 October

Mumbai: Times Network is set to launch its Hindi business news channel ET Now Swadesh on 4 October. The network has launched a promo film for the new channel on its newly created YouTube page. The news broadcaster has unveiled a logo and tagline 'Badho Desh Ke Sath.' “We are thrilled at the launch...

Television TV Channels News Broadcasting
GoQuest Media secures sales for two titles in Eastern Europe

Mumbai: Global independent content distributor GoQuest Media has secured sales for two titles in Eastern Europe. TV3 Group, a leading media house in the Baltics has acquired linear and on-demand rights for Go3, and Slovenian multimedia company Pro Plus has acquired SVOD rights for its digital...

Television TV Channels Specialised and Niche
'Mayaadweepam' returns on Zee Telugu starting 3 October

Mumbai: Zee Telugu has revived its kids reality show “Mayaadweepam” after seven years. The show will be led by Ohmkar as host along with fictional characters Pillamarriraju and Ontu Kannu Rakshasudu starting from 3 October at 9 p.m on Zee Telugu and Zee Telugu HD. This season’s sponsors include...

Television TV Channels Regional
Republic Media Network organises its first-ever Social Media Summit

The potential for digital & social media in India is unmatched, from the perspective of creators, platforms, engines as well as the audience. To address India’s Social Media Powerhouse, Republic Media Network hosted the first edition of the ‘Social Media Summit.' The event will be telecast on...

Television TV Channels Viewership
Rajaraman Sundaram appointed as business head of Colors Tamil

Viacom18 has announced the appointment of Rajaraman Sundaram as Colors Tamil business head.

Television TV Channels Regional
PTC Punjabi launches new show 'Jurm Te Jazbaat'

Mumbai: Embarking a new genre of entertainment for the audience, PTC Network will now make another stellar addition with the new crime thriller show "Jurm Te Jazbaa."  This is the first crime fiction show on PTC Network which is set to be premiered on 27 September at 9:30 p.m only on PTC Punjabi....

Television TV Channels Regional
&TV set to bring new show 'Mauka-E-Vardaat: Operation Vijay'

Mumbai: &TV is set to bring a new crime show titled "Mauka-E-Vardaat: Operation Vijay" on Monday at 7 p.m.  The show is the new edition of its popular series "Mauka-E-Vardaat" featuring stories of fantasy supervillains and how 'Operation Vijay' - a special task force comprising the sharpest and...

Television TV Channels Movie Channels

Sign up for our Newsletter

subscribe for latest stories

* indicates required