Zee Entertainment Enterprises (ZEEL) has reported an almost 180% increase in consolidated net profit for Q3FY25, reaching Rs 163.6 crore compared to Rs 58.5 crore in the same period last year.
The consolidated revenue from operations declined by 8.4%, dropping to Rs 940.6 crore compared to Rs 1,027.4 crore recorded in the corresponding period last year. Subscription revenue rose by 7% to Rs 982.5 crore.
Total expenses decreased to Rs 1,734.7 crore from Rs 1,931.1 crore year-on-year. Operational costs also saw a reduction, falling to Rs 996.8 crore from Rs 1,187.6 crore.
According to the company, advertising revenue for the quarter improved by 4% QoQ, and declined by 8% YoY due to the sluggish festive season. Sustained consumption slowdown is resulting in lower FMCG Ad spending.
For subscription revenues, YoY growth is driven by both linear subscription revenue and ZEE5. Other sales and services declined YoY due to leaner movie calendar and lower syndication revenue.
Decline in operating cost YoY was driven by lower programming and technology cost. Continue to maintain strong cost discipline across every element of cost structure and selectively invest for future growth.
