Zee Entertainment Enterprises (ZEE) posted 92 percent fall in consolidated net profit at INR 24.3 crore for the October-December 2022 quarter, compared to INR 299 crore in the same period a year-ago.<\/p>\n\n\n\n
Meanwhile, its revenue from operations remained flat at around INR 2,111 crore, down 0.1 percent year-on-year, Zee reported in an exchange filing . Advertising revenue fell to INR 1,063 crore from INR 1,261 crore in Q3 FY22. Exceptional items like provisions for Zee Learn\u2019s insolvency case and receivables from Siti Networks, as well as one-time bonus as part of talent retention plan dragged down the bottom line. Exceptional item aggregated to INR 169 crore.<\/p>\n\n\n\n
EBITDA (earnings before interest, taxes, depreciation and amortization) fell 27.5 percent YoY to INR 343.8 crore against INR 479 crore. Operating margins contracted to 16.3 percent from 22.7 percent on elevated investment in content, marketing and technology.<\/p>\n\n\n\n
\u201cNetwork share gains in South cluster was offset by soft performance in Marathi and seasonal dip in Hindi movies,\u201d said the company in its earnings presentation.<\/p>\n","protected":false},"excerpt":{"rendered":"
Zee Entertainment Enterprises (ZEE) posted 92 percent fall in consolidated net profit at INR 24.3 crore for the October-December 2022 quarter, compared to INR 299 crore in the same period a year-ago. Meanwhile, its revenue from operations remained flat at around INR 2,111 crore, down 0.1 percent year-on-year, Zee reported in an exchange filing . […]<\/p>\n","protected":false},"author":1863,"featured_media":27118,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,5749],"tags":[1951,11575,11576],"class_list":["post-142393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-entertainment-stocks","tag-entertainment","tag-ott","tag-web-series"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":141358,"url":"https:\/\/alphastreet.com\/india\/zee-entertainment-q3fy23-net-profit-drops-by-92-per-cent\/","url_meta":{"origin":142393,"position":0},"title":"Zee Entertainment Q3FY23 net profit drops by 92 per cent","author":"Chirag Gupta","date":"February 13, 2023","format":false,"excerpt":"Zee Entertainment Enterprises (ZEE) posted 92 percent fall in consolidated net profit at Rs 24.3 crore for the October-December 2022 quarter, compared to Rs 299 crore in the same period a year-ago. Meanwhile, its revenue from operations remained flat at around Rs 2,111 crore, down 0.1 percent year-on-year, Zee reported\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":143055,"url":"https:\/\/alphastreet.com\/india\/sun-tv-network-q3fy23-net-profit-drops-by-10-percent\/","url_meta":{"origin":142393,"position":1},"title":"Sun TV Network Q3FY23 net profit drops by 10 percent","author":"Chirag Gupta","date":"March 1, 2023","format":false,"excerpt":"Sun TV Network Limited announced its earnings for the quarter ended 31st December 2022. The revenue (excl. IPL & Movies) was INR 810.51 crore for the quarter ended 31st December\u20192022 as against INR 829.57 crore for the corresponding quarter ended 31st December\u20192021. 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