Zee Entertainment consolidated net profit down 49% to Rs 106 crore in Q1

Revenue from advertising came in at Rs 976.28 crore in Q1, 5.36 per cent higher than the Rs 926.61 crore reported last year

q1 results, earnings, companies, india inc, corporate
Illustration: Ajay Mohanty
BS Reporter Mumbai
1 min read Last Updated : Aug 13 2022 | 12:36 AM IST
Zee Entertainment on Friday reported a 48.94 per cent fall in consolidated net profit to Rs 106.60 crore for the quarter ended June 30, 2022 (Q1), due to challenging macroeconomic conditions, the company said. The broadcaster had reported a net profit of Rs 208.78 crore in April-June last year. 

Revenue during the quarter under review stood at Rs 1,879.53 crore versus Rs 1,808.56 crore reported in the year-ago period.

"The operating performance in Q1 was impacted due to the withdrawal of free-to-air Zee Anmol and lower ad spends by brands," Zee said. 

Revenue from advertising came in at Rs 976.28 crore in Q1, 5.36 per cent higher than the Rs 926.61 crore reported last year. Its subscription revenue, however, came in at Rs 771.72 crore in Q1, down 5.35 per cent over last year, when subscription revenue stood at 813.05 crore.  

Q1, Zee said, was also impacted by timing of some of its B2B deals and renewals.  Shares of the broadcaster on Friday settled at Rs 241.80 apiece on the BSE, down 2.50 per cent from the previous close.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Q1 resultsZee Entertainment

Next Story