Zee Entertainment Ltd (ZEEL) reported consolidated revenues of Rs 2167 crore, up 18% from the same quarter last year. The company said that this growth was driven by 'strong performance of our broadcast business.' EBITDA stood at Rs 754 crore, reporting an increase of 27% YoY and Profit after Tax (PAT) stood at Rs 562 crore in the quarter ending December 31, 2018 (Q3FY19). In numbers Advertising revenue: Rs 1463 crore, an increase of 22% YoY Subscription revenue: Rs 619 crore, an increase of 23% YoY Domestic revenue: Advertising revenue: Rs 1372 crore, reporting an increase of 21% YoY Subscription revenue: Rs 519 crore, reporting an increase of 29% YoY Total expenses of the company rose by 13.6% YoY while advertising and promotional expenses grew by 12% YoY in the quarter. In April 2018, the National Company Law Tribunal (NCLT) had approved the demerger of following subsidiaries from ZEEL: 1. The digital media and entertainment business of Zee Digital Convergence Ltd 2. Advertisement sales for media business from Zee Unimedia Ltd 3. The online media business from India Webportal Pvt Ltd Additionally, the NCLT approved the amalgamation of Sarthak Entertainment ZEEL. ZEEL has concluded the second phase of the sale of its sports broadcasting business of Sony Pictures Network on a slump sale basis, resulting in a net gain of Rs 134 crore in the annual financial result for the year ended March 31, 2018. ZEE5: 36% growth in MAUs over the last quarter Zee Entertainment’s OTT service ZEE5 saw…
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