Zee Entertainment Enterprises Ltd (ZEEL) has grown its net profit by over 30% on a year-over-year basis to ₹325.88 crore in Q1 FY 2019, on the back of a generally healthy quarter for the media business. Specifically, stable ad revenue pushed operating incomes up — total income stood at ₹1821.78 crore, an almost 11% increase from Q1 FY 2018. The company's ad expenditure went up by 12.95% to ₹140.16 crore. Financial highlights — Q1FY19 Advertising revenue: ₹1146.01 crore Domestic ad revenue:₹1087.01 crore (22.3% yoy increase) International ad revenue: ₹59 crore (2.07% yoy increase) Subscription revenue:₹518.64 crore (8.25% yoy increase) Domestic subscription revenues: ₹425.2 crore (12.3% yoy increase) International subscription revenues: ₹93.4 crore (6.6% yoy decrease) Digital The company launched its streaming service Zee5 last quarter with content from Zee's network as well as licensed titles — Zee5 is essentially a combination of Zee's erstwhile streaming…
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