ZEE Entertainment reports 33% rise in consolidated revenue to Rs2,729cr; stock hits 52 week high

The company's domestic advertising grew by 7.5% and domestic subscription revenue grew by 9.3% on a like-to-like basis.

February 04, 2021 4:37 IST India Infoline News Service

Zee Entertainment Enterprises Limited has reported its financial results from the Q3 FY21.
➢ Domestic advertising grew by 7.5% and domestic subscription revenue grew by 9.3% on a like-to-like basis
➢ Consolidated revenue grew by 33.2% to Rs.27,293mn; excluding content syndication deal of 5,512mn revenue grew 6.3%
➢ Underlying EBITDA (excluding content syndication revenue and cost) stood at Rs6,375mn, EBITDA margin of 29.3%
➢ 18.2% all India viewership share in Q3, continues to be strong #2 TV entertainment network in India
➢ Launched 2 new channels – Zee Zest and Zee Vajwa, taking the network channel count to 47
➢ ZEE5 global MAUs and DAUs stood at 65.9mn and 5.4mn respectively in Dec’20
➢ Zee Studios released Suraj Pe Mangal Bhari in theatres, first Hindi Movie to be released in theatres after COVID
➢ ZEE5 released 7 movies on ‘Pay Per View’ model

ZEE5 released 20 originals during the quarter
➢ 65.9 mn global MAUs, 5.4 mn global DAUs in Dec’20
➢ 133 minutes average watch time per viewer per month in Dec’20
➢ Q3 Revenue and EBITDA# stood at Rs1,178 mn and Rs(1,757) mn
Suraj Pe Mangal Bhari was the first Hindi theatrical release in country post lockdown
➢ Released 5 movies during the quarter, including 4 theatrical release
➢ Plans to release 2 Hindi and 2 Regional Movies in Q4
Zee Entertainment Enterprises Limited ended at Rs249.40 up by 2.19% on the BSE. The company hit a record high of Rs261 apiece during the trading session, highest in 52 weeks.

Related Story

Get Access to Stock Reports+ and Customised Investment Ideas