Zee Entertainment discloses strong quarterly results

On July 26, Zee Entertainment has reported its Q1FY17 results. The consolidated revenue of the company has increased by 18.46 per cent to Rs 1571 crore as compared to Q1FY16. The revenue is constituted of three segments i.e. Advertising revenue which is 58.02 per cent of total revenue, followed by Subscription revenue, and Other sales & services which constitutes 33.61 per cent and 8.37 per cent respectively.

In Q1FY17 revenue from Advertising segment has grown by 19.16 per cent, whereas revenue from subscription and revenue from other sales & services has risen by 14.19 per cent and 33.04 per cent respectively as compared to last year's same period.

Meanwhile EBITDA has risen by 44.24 per cent to Rs 453 crore in Q1FY17 as compared to Q1FY16, and PAT has riseb by 21.46 per cent to Rs 218 crore. Zee Entertainment is an integrated television, media and entertainment company. It is a flagship company of ESSEL group. The company is involved in broadcasting and content development, production and its distribution through satellite, cable and internet. The Company has 23 channels that serve an array of content choices in India.