Zee Entertainment Enterprises Ltd, which operates entertainment channels such as Zee TV and Zee Cinema reported consolidated revenue of Rs 1582.1 crore for the quarter ended June 30, 2017 (Q1 FY18). This represents a dip of 6.7% from Rs 1695.4 crore in the same quarter last year. In the previous quarter, total revenues stood at Rs 1540.3 crore. The media conglomerate's Profit After Tax (PAT) went up by 148% YoY at Rs 591.2 crore during the quarter, which also includes gain from the sale of its sports business (Zee sold Ten Sports to Sony). The company posted Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of Rs 491.2 crore, registering a marginal growth of growth of 0.4% from Rs 489.2 crore in the same quarter last year. EBITDA margin stood at 31% for the Q2FY18. Financial highlights- Q2FY18 Advertising revenue: Rs 986.7 crore, a YoY growth of 2.9% from Rs 959.2 crore in the same quarter last year. Zee said that advertisers were negatively impacted during transition to GST which led to a temporary pull-back on their ad spends. Domestic ad revenue: Rs 902.8 crore, up 5.8% International ad revenue: Rs 52.1 crore, declined by 19.9%. The company said that it was impacted due to currency appreciation and continuation of some region-specific issues. Subscription revenue: Rs 501.4 crore, down 14% from Rs 583.3 crore in the same quarter last year. ZEEL said in a statement that content deals with distributors are taking slightly longer due to litigations regarding the TRAI tariff regulation. Domestic…
