1 year, 5 months ago

ZEEL net profit dips 5.3% to ₹130 cr in Q2

New Delhi: Media and entertainment company Zee Entertainment Enterprises Limited on Thursday posted a 9% year-on-year increase in its consolidated net profit to ₹123 crore. While some early pick up in ad spending was witnessed led by the FMCG category during the second quarter, overall pace of ad environment recovery continues to be slow, the company said. Subscription revenues rose 8% year-on-year, driven by a pick-up in linear subscription revenue post-NTO 3.0 and ZEE5, the company’s video streaming platform. As of Q2 FY24, Zee commands 17.9% of the country’s linear television network share and total operating revenues for the segment increased by 20.5%.

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