ICICI Direct: Zee Entertainment Q2 Review - ‘One Offs’ Or Routine?   
A person use a remote control to change TV channels at a home. (Photographer Matias Delacroix /Bloomberg)

ICICI Direct: Zee Entertainment Q2 Review - ‘One Offs’ Or Routine?   

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Zee Entertainment Enterprises Ltd.’s Q2 FY21 operating performance was marred by one-offs (which have become more of a routine – third time in the last five quarters).

Results, as expected, were weak with advertisement revenues down approximately 26% YoY given the fall in ad pricing that is yet to recover to pre-Covid-19 levels.

Like-to-like subscription growth of 2.8% YoY (like-to-like domestic subscription growth of 2.3% YoY), was primarily led by Zee5 growth.

Click on the attachment to read the full report:

ICICI Direct Zee Entertainment Q2FY21 Result Update.pdf

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