Zee Entertainment Q1 Results: Stock Drops 5% as Ad Revenue Plummets Beyond Expectations

Zee Entertainment Enterprises Ltd. reported its June quarter results on Tuesday, July 22, in which its revenue, net profit and EBITDA missed CNBC-TV18’s poll estimates. The stock was trading lower after the earnings announcement.

Adjusted net profit for the company fell 7% year-on-year to ₹143.7 crore, in comparison to CNBC-TV18’s poll of ₹158.83 crore. The same was ₹154.26 crore in the year-ago quarter. The net profit fell after adjusting for exceptional items in Q1 FY25.

Revenue also declined 14% year-on-year to ₹1,825 crore as against

₹2,130.53 crore reported during the same quarter last year.
Zee’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter decreased by 12% from the year-ago quarter to ₹239 crore, while margins rose to 13.1% from 12.7% last year.

Consolidated YoY

	Q1 FY26e	Q1 FY25	% YoYe
Revenue	1948.10	2130.53	-9%
EBITDA	247.61	270.56	-8%
EBITDA Margin	12.7%	12.7%	Flat
Adj. Net Profit	158.83	154.26	3%

CNBC-TV18 Poll

Adjusted revenue tumbled 17% to ₹758.5 crore, compared to ₹911.3 crore on a year-on-year basis.

Subscription revenue was lower marginally by 0.6% to ₹982 crore. The same was ₹987 crore in the year-ago quarter.

Following the earnings announcement, shares of Zee Entertainment Enterprises Ltd. are trading 5.44% lower on Tuesday, at ₹134.13. The stock is up 9% so far in 2025.