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ZEE Q3 PAT drops 25.3% to Rs 299 crore; operating revenue down 22.6%

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MUMBAI: Zee Leisure Enterprises (ZEE), the homegrown listed leisure firm, has posted a pointy 25.Three per cent drop in its revenue after tax (PAT) for the quarter ended December 31, 2021.

The corporate has posted a consolidated PAT of Rs 298.7 crore, as towards a internet revenue of Rs 399.9 crore within the corresponding quarter of the earlier fiscal.

Operating revenue for the quarter stood at Rs 2,112.6 crore, in contrast to 2,729.Three crore within the 12 months in the past interval, recording a 22.6 per cent lower on a year-on-year foundation.

Operating revenue (EBITDA) for the quarter was at Rs 479.Three crore, down 33 per cent, in contrast to Rs 715.7 crore within the 12 months in the past interval.

EBITDA margin additionally shrunk to 22.7 per cent, in contrast to 29.Three per cent within the final fiscal.

In the meantime, in the course of the quarter underneath evaluation, ZEE’s consolidated home promoting revenue fell by 3.16 per cent to Rs 1260.eight crore (from Rs 1,302 crore in Q3 FY21).

ZEE’s subscription fell by 6 per cent to Rs 790.2 crore, in contrast to Rs 841.9 crore in the course of the 12 months in the past interval. This additionally contains revenues from the music enterprise, which has been reclassified as subscription revenue on this fiscal.

ZEE stated that it normalised Q3 FY21 numbers are for one off syndication deal revenue in different gross sales & companies of Rs 551.2 crore and operating value of Rs 473 crore. Taking that under consideration, PAT was down 10.1 per cent, whereas revenue was decrease by Three per cent.

In the meantime, ZEE’s video streaming service, ZEE5, posted revenue of Rs 145.9 crore, and an operating lack of Rs 182.eight crore for the quarter.

The OTT platform recorded 101.9 million month-to-month lively customers (MAUs) and 9.6 million world every day lively customers (DAUs) in December. ZEE5 customers watched a median of 201 minutes of content material per 30 days in the course of the quarter, whereas the service launched 51 reveals and films, together with 11 originals in the course of the quarter.

ZEE inventory closed at Rs 292.eight apiece on Wednesday, up 1.16 per cent on BSE.

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