Zee Entertainment Q3 Results: Profit slides 92% YoY to Rs 24 crore

Zee Entertainment reported Q3 Results on February 13, 2023. The company reported its net profit for the December quarter of FY23 slides 92% YoY to Rs 24 crore.

Zee Entertainment reported its revenue from operations remained flat YoY to Rs 21,112 crore from Rs 21,126 crore in Q3 FY22.

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The company reported Subscription revenue YoY up 11.2%, aided by underlying organic growth in Zee5, Zee Music and by recognition of subscription revenue from Siti network.

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The company reported the EBITDA down by 29.5% to 3,380 crores YoY from 4,793 crores.

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Zee Entertainment reported the EBITDA margins for Q3FY23 is 16% down by 670 bps YoY. It was 22.7% in Q3FY22.

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Zee Entertainment reported Profit Before Tax for the December quarter of FY23 reduced by 79.2% to only Rs 862 crore from Rs 4,141 crore in Q3FY22.

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Zee Entertainment reported a net Profit for the December quarter of FY23 reduced by 91.9% to Rs 243 crore from Rs 2,987 crore in Q3FY22.

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Zee Entertainment reported Q3 FY23 Advertising revenue: Rs 48.4 crore, Subscription revenue: Rs 106.9 crore, Other Sales & Services: Rs. 21.8 crore.

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