Zee's profit slips 5% even as revenue climbs—here's what's up
Business
Zee Entertainment just posted a net profit of ₹155 crore for Q3, down 5% from last year.
Even though their revenue jumped 15% to ₹2,280 crore, higher advertising and restructuring costs ate into profits.
TV share up, ads and subscriptions tell a mixed story
Zee's TV network share grew to 17.5%, with subscription revenue rising 7% thanks to digital growth.
But ad revenue took a hit—down 9% year-on-year due to an FMCG slowdown—though it did bounce back slightly from last quarter.
Costs are up but there's hope ahead
Operating costs soared by 30%, mostly because of movie rights and sports league changes.
The company says it's hopeful about ad recovery despite the current market being soft.