Zee Entertainment Q4 Review - Content Investment To Limit Ebitda Margins: ICICI Direct

A person use a remote control to change TV channels at a home. (Photographer: Matias Delacroix /Bloomberg)

Zee Entertainment Q4 Review - Content Investment To Limit Ebitda Margins: ICICI Direct

Bookmark

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 Q4 FY21 operating performance was largely in line, albeit profit after tax was lower due to higher-than-expected tax expenses.

Domestic advertisement revenue grew 8.9% YoY to Rs 1,070.4 crore while overall ad revenues grew 8.1% YoY on a depressed base in Q4.

Domestic subscription grew 13.2% YoY (like to like growth of 5.6% YoY).

Ebitda came in at Rs 540.8 crore with margins at 27.5%.

Profit after tax came in lower than expected at Rs 275.7 crore, due to higher-than-expected tax expenses and one-off impairment of digital publishing segment of Rs 26.5 crore.

Click on the attachment to read the full report:

ICICI Direct Zee Entertainment Q4FY21 Result Update.pdf

DISCLAIMER

This 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 author entity 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.