wordpress blog stats
Connect with us

Hi, what are you looking for?

, , , , ,

Zee Entertainment ad revenue grows by 6% to Rs 966.5Cr in Q1-18

Zee Entertainment Enterprises Ltd, which operates entertainment channels such as Zee TV and Zee Cinema reported consolidated revenue of Rs 1540.3 crore for the quarter ended June 30, 2017 (Q1 FY18).  This represents a marginal dip of 2% from Rs 1571.6 crore in the same quarter last year. In the previous quarter, total revenues stood at Rs 1528 crore. The media conglomerate profit after tax (PAT) went up by 16% YoY at Rs 251.6 crore during the quarter. On a QoQ basis, PAT declined by 83% from Rs 1514.2 crore. The company said at that time, that the exceptional Rs 1514.2 crores also includes an extraordinary gain of Rs 1223.4 crores on account of sale of sports business Taj TV (Ten Sports) to Sony Pictures Network. The company posted Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of Rs 484.4 crore, registering a growth of 6.9% from Rs 453.2 crore in the same quarter last year. EBITDA margin stood at 31.4% in first quarter of FY18. There wasn’t much from Zee on its digital numbers for DittoTV, saying only that its integration with telecom operators had led to “good traction”. Ozee, which Zee’s online property, saw an average of over 65 million video views during the quarter. Impact of Demonetization settled, but GST disrupted growth momentum: Punit Goenka Punit Goenka, Managing Director & Chief Executive Officer, ZEEL said that the “company recovered from the impact of demonetization and the growth in the first two months was strong. However, the momentum…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ