Zee Entertainment records decline in Q3 PAT and revenue on year-on-year basis

3 Feb 2022 , 03:23 PM

Zee Entertainment Enterprise Limited, an Indian media conglomerate, announced its results for the quarter ended December 2021 and has reported stellar performance and robust growth across all the operating and financial metrics.

The company has reported operating revenue of Rs 5,866.40 crore for the 9M period ended December 2021, as against Rs 5,212.80 crore for the previous 9M period, registering a growth of 12.5% YoY. Revenue for Q3 FY’22 stood at Rs 2,112.60 crore against Rs 2,178.10 for Q3 FY’21, reflecting a downfall of 3% YoY.

Its PAT stood at Rs 782.60 crore for the 9M period ended December 2021 as compared to Rs 456.50 crore for the same period last year, reflecting a growth of 71.5% YoY. PAT for the current quarter stood at Rs 298.70 crore against Rs 332.10 crore for Q3 FY’21, diving 10.1% YoY.

Its EBITDA for quarter three FY’22 is reported at Rs 479.30 crore as against Rs 637.50 crore for the previous corresponding quarter, a decline of 24.8% YoY. While EBITDA for the 9M period ended December 2021 grew by 5.5% YoY at Rs 1235.50 crore against Rs 1171 crore for the corresponding 9M period.

Company stated that its YTD Domestic Ad revenues came at Rs. 3121.90 crore, registering a growth of 25.1% YoY. It reported 42%+ YoY growth in YouTube video views, highlighting the strength of the ZMC music catalog and library, and released 51 shows and movies (including 11 originals) during the quarter.