Zee Entertainment Enterprises Ltd (ZEEL), which operates entertainment channels such as Zee TV and Zee Cinema, reported consolidated revenues of Rs 2034.7 crore for the quarter ended September 30, 2018 (Q2 FY19). This represents an increase of almost 14% from Rs 1785 crore in the same quarter last year. In the previous quarter, the total revenues stood at Rs 1821.7 crore. Advertising revenue stood at Rs 1210.6 crore, making up 59% of the total revenue this quarter. ZEEL's expenditure went up by 20% year-over-year and stands at Rs 1386 crore this quarter. Net profit increased by 18% quarter-on-quarter at Rs 386 crore, but has fallen 38% year-on-year. ZEEL completed the second phase of disposal of its Sports business to Sony Pictures this quarter. Revenue highlights Q2FY19 ZEEL captures an all-India viewership share of 19.9%. Advertising and subscription revenues form the largest chunks of revenue: Advertising revenue:…
