Anand Rathi: Zee Entertainment Taking Steps In The Right Direction

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Pulled down by a 65% YoY fall in advertisement revenue to Rs 4.21 billion largely due to the pandemic and market-share loss (Q1 FY21 market share: 15.8%, 18.3% the quarter prior) in certain markets, Zee Entertainment Enterprises Ltd.’s revenue plunged 34.7% YoY to Rs 13.12 billion.Its subscription revenue grew 5% YoY to Rs 7.44 billion. Ebitda declined 67% YoY to Rs 2.2 billion.The reported margin was 16.8%, versus 32.9% a year back. No fresh episodes of existing shows were produced in the first two months, leading to a drop in programming cost.This was partially offset by content shot at homes and purchase of licensed content for the linear and digital businesses.Besides, amortisation cost of movies and digital shows continues. At the ruling market price, the risk-reward is favourable..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Anand Rathi: Zee Entertainment Taking Steps In The Right Direction

Anand Rathi: Zee Entertainment Taking Steps In The Right Direction

Choose a plan