Zee Entertainment Enterprises Ltd Q4FY23 results out, revenue drops by 9%

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). Zeel is one of the largest global content providing companies that connects 1bn+ people and offers content across various Genres, Languages, and platforms. Zeel is engaged in Broadcast & Digital Business, Movies & Music, Live Events.

• Zee Entertainment Enterprises Ltd reported Total revenue for Q4 FY23 of ₹2,112 Crore, down from ₹2,323 Crore year on year depicting a decline of 9%.
• Total Expenses for Q4 FY23 of ₹2,083 Crore up, from ₹1,816 Crore year on year, a growth of 15%. 
• Consolidated Net Profit of -(₹196) Crore, down 208% from ₹182 Crore in the same quarter of the previous year. 
• The Earnings per Share is -(₹2.04), down 208% from ₹1.89 in the same quarter of the previous year.