Earning Release
Awaiting price reaction for this filing.
Zee Entertainment reported FY25 operating revenue of Rs 82,941 Mn, down 4% YoY, but EBITDA jumped 32% to Rs 11,962 Mn with margin expanding 390 bps to 14.4% on cost discipline. PAT from continuing operations surged 245% YoY to Rs 6,874 Mn. Q4 FY25 revenue grew 1% YoY to Rs 21,841 Mn with EBITDA up 36% YoY to Rs 2,852 Mn, though domestic advertising revenue declined 27% YoY due to a weak macro environment and a busy sports calendar. Digital business ZEE5 grew revenue 6% YoY to Rs 9,760 Mn while cutting EBITDA losses by Rs 5,572 Mn. Cash and equivalents stood strong at Rs 24.1 Bn.
Strong margin expansion and PAT growth despite a revenue dip signals improving profitability and cost control, likely to be viewed positively by investors. However, declining advertising revenue and a 30 bps drop in TV viewership share are watchpoints that could limit upside sentiment.