Zee Entertainment Enterprises Limited has informed the Exchange about Transcript
ZEEL · price
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Zee Entertainment shared Q1 FY26 results in a conference call. Linear TV viewership share rose to 16.8% for the quarter, 17.8% in June, and crossed 18% in July, driven by strong growth in Hindi, Marathi, Kannada, Odia and Bangla markets. ZEE5 revenue grew 30% YoY and digital EBITDA losses narrowed by Rs 1,119 million. Profit after tax from continued operations was Rs 1,437 million, up 14% YoY, with EBITDA margin at 12.5% and operating costs down 14% YoY. The company maintained its full-year ad revenue growth guidance of 8% and margin guidance of 18-20%, with ZEE5 breakeven targeted by year-end. Cash and treasury investments stood at Rs 21.9 billion. New initiatives include a micro-drama partnership with Bullet and 7 language packs on ZEE5.
Management's maintained guidance on ad growth (8%) and margins (18-20%), combined with improving viewership share and ZEE5's path to breakeven, is positive for the stock. However, the soft ad environment, single-digit decline in linear subscription revenue, and delayed DPO renewals remain near-term headwinds. Investors should watch for sustained viewership gains and H2 ad recovery.