Mumbai: The Board of Directors in its meeting held today has approved and taken on record the unaudited consolidated financial results of Zee Entertainment Enterprises Limited (ZEEL) and its subsidiaries for the quarter ended Dec 31, 2018.
For the third quarter of FY19, ZEEL reported consolidated revenue of Rs. 21,668 million. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) wasRs. 7,543 million with an EBITDA margin of 34.8%. PAT for the quarter was Rs. 5,624 million.
Subhash Chandra, Chairman, ZEEL, commented, “India is poised to remain one of the fastest growing economies in the world. Decline in crude oil prices and rationalization of GST rates will further boost the economy and help maintain the growth momentum in consumption. Even in M&E space, content consumption is growing at a brisk pace across mediums. This trend along with macro-economic tailwinds will drive growth in both advertising and subscription revenues. We have delivered yet another quarter of strong performance across all our businesses. ZEE5 is scaling up in line with our expectations and is on course to become India’s number one digital entertainment platform.”
Punit Goenka , Managing Director & CEO, ZEEL, commented, “I am really pleased with our performance this quarter which further strengthens our position as India’s leading entertainment content company. While our television business continues to consolidate its number one position, ZEE5 is quickly establishing itself as one of the leading digital entertainment platforms in the country. ZEE5 has already become the biggest producer of Indian content amongst the digital platforms and the content offering will multiply going forward. Our expanding list of partnerships with telecom operators and players in the digital eco-system, coupled with innovation in pricing, will make ZEE5 accessible to a wider audience.
ZEEL’s total expenditure in Q3FY19 stood at Rs. 14,125 million, higher by 13.6% YoY compared to Q3FY18. The following table gives the break-down of costs.
Q3FY19 HIGHLIGHTS:
- Total revenue for the quarter was Rs. 21,668 million, growth of 17.9% YoY. The growth was driven by the strong performance of our broadcast business.
- Advertising revenue for the quarter was Rs. 14,626 million, growth of 21.7% YoY. Domestic advertising revenue grew by 20.6% YoY to Rs. 13,719 million. International advertising revenue was Rs. 907 million.
- Subscription revenue for the quarter was Rs. 6,185 million, growth of 23.3% YoY. Domestic subscription revenue grew by 28.6% YoY to Rs. 5,192 million. International subscription revenue was Rs. 993 million.
- EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) for the quarter grew by 26.9% to Rs. 7,543 million and EBITDA margin stood at 34.8%.
- ZEE5 continues its strong growth recording 56.3 mn MAUs in the month of December, growth of 36% over the last 3 months.
- ZEEL further strengthened its position as the #1 television entertainment network with an all-India viewership share of 20.2%.
- Zee Keralam and Zee Keralam HD launched in Kerala market making ZEEL the biggest television network with presence in 9 Indian language markets.
