Zee Entertainment Enterprises Limited has informed the Exchange about Audio recording of conference call for the fourth quarter and financial year ended March 31, 2026
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Zee Entertainment Enterprises reported FY26 operating revenue of Rs 80,989 Mn (down 2% YoY) and adjusted EBITDA of Rs 7,547 Mn (down 37% YoY) with an adjusted EBITDA margin of 9.3%, significantly lower than FY25's 14.4%. Q4 FY26 was particularly weak with revenue of Rs 20,248 Mn (down 7% YoY) and adjusted EBITDA margin of just 6.9%, impacted by a weak advertising environment and the Middle East crisis affecting March revenue. On a positive note, ZEE5 digital business delivered 53% YoY revenue growth (Rs 14,888 Mn) and achieved EBITDA breakeven, while the TV network viewership share rose to a 3-year high of 17.4%. The company maintained a strong cash position of Rs 27.6 Bn and announced investments in AVGC (Phantom Digital Effects) and live entertainment (CORE).
The sharp margin contraction to 9.3% from 14.4% is a concern for shareholders, driven by a weak ad environment and higher content spend. However, the digital business growth and strong balance sheet provide some support.