{"id":177268,"date":"2026-01-23T05:47:20","date_gmt":"2026-01-23T10:47:20","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=177268"},"modified":"2026-01-23T05:47:22","modified_gmt":"2026-01-23T10:47:22","slug":"zee-entertainment-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/zee-entertainment-q3-fy26-earnings-results\/","title":{"rendered":"Zee Entertainment Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs \/ film rights \/ feeds \/music rights.<\/p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results <\/strong><\/h2>\n\n\n\n<p>Zee Entertainment reported 15% YoY revenue growth in Q3 FY26 driven by subscription and content sales, though ad softness and higher costs pressured margins and profitability.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations<\/strong>: \u20b92,280.1 crore, up 15.2% YoY from \u20b91,969 crore; up 15.8% QoQ from \u20b91,969.2 crore.<\/li>\n\n\n\n<li><strong>Advertising Revenue<\/strong>: \u20b9851.5 crore, down 10% YoY.<\/li>\n\n\n\n<li><strong>Subscription Revenue<\/strong>: \u20b91,050.2 crore, up 7% YoY.<\/li>\n\n\n\n<li><strong>Other Sales\/Services<\/strong>: \u20b9603 crore, up 45% YoY.\u200b<\/li>\n\n\n\n<li><strong>Total Expenditure<\/strong>: \u20b92,040 crore, up 23% YoY.\u200b<\/li>\n\n\n\n<li><strong>EBITDA<\/strong>: \u20b9241 crore, down 24% YoY from \u20b9317.6 crore; margin 10.5% (down 560 bps YoY).<\/li>\n\n\n\n<li><strong>Profit Before Tax (PBT)<\/strong>: \u20b9201.7 crore, up 2% YoY from \u20b9197.8 crore.\u200b<\/li>\n\n\n\n<li><strong>Profit After Tax (PAT)<\/strong>: \u20b9155.3 crore, down 5.1% YoY from \u20b9163.6 crore; up 103% QoQ from \u20b976.5 crore.<\/li>\n\n\n\n<li><strong>9M FY26<\/strong>: Revenue \u20b96,074 crore (flat YoY); PAT \u20b9375 crore (down 23.6% YoY).\u200b<\/li>\n<\/ul>\n\n\n\n<div style=\"height:29px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions \u2013 Q3 FY26<\/strong><\/h2>\n\n\n\n<p>Soft FMCG ad spending caused 10% domestic ad decline; <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/ab3e9002-9e5e-4f8d-a82d-e484aae6ca82.pdf\" target=\"_blank\" rel=\"noopener\">hopeful of brand building revival<\/a> while investing in growth initiatives like KidZ\/Bullet.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ZEE5 Performance<\/strong>: Revenue up 73% YoY to \u20b9418 crore; 9M revenue \u20b91,018.8 crore (up 45% YoY); 39 new shows\/movies including 11 originals.\u200b<\/li>\n\n\n\n<li><strong>Outlook<\/strong>: Selective investments in content\/digital; positive EBITDA from ZEE5 signals monetisation success.\u200b<\/li>\n<\/ul>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations<\/strong>: \u20b91,969.2 crore, down 1.6% YoY from \u20b92,000.7 crore; up 7.9% QoQ.<\/li>\n\n\n\n<li><strong>EBITDA<\/strong>: \u20b9159 crore (implied), margin 8.1% (down from 16.2% YoY).\u200b<\/li>\n\n\n\n<li><strong>Profit After Tax (PAT)<\/strong>: \u20b976.5 crore, down 63.5% YoY from \u20b9209.4 crore; down 46.8% QoQ from \u20b9143.6 crore.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Directions \u2013 Q2 FY26<\/strong><\/h2>\n\n\n\n<p>Profit plunge due to soft ad market, higher programming costs and elevated tax rate (33.7% vs 26.9% YoY); revenue growth from digital\/subscription offset broadcasting weakness.<\/p>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs \/ film rights \/ feeds \/music rights. Q3 FY26 Earnings Results Zee Entertainment reported 15% YoY revenue growth in Q3 FY26 driven by subscription and content [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":0,"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":[105,5749],"tags":[1951],"class_list":["post-177268","post","type-post","status-publish","format-standard","hentry","category-infographics","category-entertainment-stocks","tag-entertainment"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":147308,"url":"https:\/\/alphastreet.com\/india\/zee-entertainment-enterprises-ltd-q4fy23-results-out-revenue-drops-by-9\/","url_meta":{"origin":177268,"position":0},"title":"Zee Entertainment Enterprises Ltd  Q4FY23 results out, revenue drops by 9%","author":"Chirag Gupta","date":"May 25, 2023","format":false,"excerpt":"Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs \/ film rights \/ feeds \/music rights. ZEE Entertainment was started in 1982 by Subash Chandra (The media baron of India).\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":169317,"url":"https:\/\/alphastreet.com\/india\/zee-entertainment-enterprises-ltd-q1fy25-0-equalled-in-revenue\/","url_meta":{"origin":177268,"position":1},"title":"Zee Entertainment Enterprises Ltd Q1FY25; 0% equalled in Revenue","author":"Chirag Gupta","date":"July 2, 2025","format":false,"excerpt":"Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs \/ film rights \/ feeds \/music rights. Financial Results: Zee Entertainment Enterprises Ltd reported Revenues for Q1FY25 of \u20b91,984.00 Crores same\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/1-12.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/1-12.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/1-12.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/1-12.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/1-12.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/1-12.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":152204,"url":"https:\/\/alphastreet.com\/india\/zee-entertainment-enterprises-ltd-q1fy24-8-rise-in-revenue\/","url_meta":{"origin":177268,"position":2},"title":"Zee Entertainment Enterprises Ltd Q1FY24; 8% rise in Revenue","author":"Chirag Gupta","date":"August 10, 2023","format":false,"excerpt":"Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs \/ film rights \/ feeds \/music rights. Financial Results: Zee Entertainment Enterprises Ltd reported Revenues for Q1FY24 of \u20b91,984.00 Crores up\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-511.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-511.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-511.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-511.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-511.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-511.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":161320,"url":"https:\/\/alphastreet.com\/india\/zee-entertainment-enterprises-ltd-q4fy24-3-rise-in-revenue\/","url_meta":{"origin":177268,"position":3},"title":"Zee Entertainment Enterprises Ltd Q4FY24; 3% rise in Revenue","author":"Chirag Gupta","date":"May 17, 2024","format":false,"excerpt":"Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs \/ film rights \/ feeds \/music rights. Financial Results: Zee Entertainment Enterprises Ltd reported Revenues for Q4FY24 of \u20b92,170.00 Crores up\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-140.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-140.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-140.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-140.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-140.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-140.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":164387,"url":"https:\/\/alphastreet.com\/india\/zee-entertainment-enterprises-ltd-q1fy24-8-rise-in-revenue-2\/","url_meta":{"origin":177268,"position":4},"title":"Zee Entertainment Enterprises Ltd Q1FY24; 8% rise in Revenue","author":"Chirag Gupta","date":"September 17, 2024","format":false,"excerpt":"Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs \/ film rights \/ feeds \/music rights. Financial Results: Zee Entertainment Enterprises Ltd reported Revenues for Q1FY24 of \u20b91,984.00 Crores up\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/09\/image-55.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/09\/image-55.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/09\/image-55.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/09\/image-55.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/09\/image-55.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/09\/image-55.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":169386,"url":"https:\/\/alphastreet.com\/india\/zee-entertainment-enterprises-ltd-q1fy26-22-rise-in-profits\/","url_meta":{"origin":177268,"position":5},"title":"Zee Entertainment Enterprises Ltd Q1FY26 Earnings Results &#8211; 22% rise in Profits","author":"Chirag Gupta","date":"July 28, 2025","format":false,"excerpt":"Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs \/ film rights \/ feeds \/music rights. Q1 FY26 Earnings Summary (Apr\u2013Jun 2025) Revenue & Profitability: Total Income: \u20b91,849.8crore, down 13.9%\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/1-15.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/1-15.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/1-15.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/1-15.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/1-15.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/1-15.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=177268"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177268\/revisions"}],"predecessor-version":[{"id":177280,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177268\/revisions\/177280"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=177268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=177268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=177268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}