Zee Entertainment Enterprise Ltd (ZEEL) announced an 8.92% increase in its consolidated net profit to Rs 122.96 crore for the September quarter, compared to Rs 112.89 crore in the same period last year. The total income surged by 23%, reaching Rs 2,509.57 crore, driven by a robust performance in digital and substantial viewership gains in linear. However, year-on-year margins decreased due to higher content costs and ZEE5 investments. Despite a 3.3% decline in advertising revenue, subscription revenue rose by 8%, influenced by increased linear subscription revenue post-NTO 3.0 & ZEE5. ZEEL is also progressing with its proposed merger with Culver Max.
Zee Entertainment Reports 8.9% Rise in Q2 Net Profit to Rs 122.96 Crore
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