Zee Entertainment Enterprises Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 5 Aug 2026 | Entertainment | Market Cap: ₹9.1K Cr
The company is focused on accelerating revenue growth going forward after making good strides on margins (Page 8). - Advertising revenues were down 8% YoY due to FMCG ad spend slowdown, especially in urban areas and Hindi markets, but South and other language markets are holding better (Page 6-7). - Subscription revenue momentum remains strong, with nine-month FY‘25 subscriptions up 8.2%, supported by new channel tariff implementation and digital growth via ZEE5 (Page 5, 6, 11-12). - Advertisement spend trend has shifted upward from about Rs. The company targets an EBITDA margin of 18% to 20% by FY’26 as approved by the Board.
From Zee Entertainment Enterprises Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹108
Market Cap
₹9.1K Cr
P/E Ratio
32.5
How does Zee Entertainment Enterprises Ltd rank in Entertainment?
Compare Zee Entertainment Enterprises Ltd against every Entertainment company this quarter on revenue, margins and earnings-call signals.
Zee Entertainment Enterprises Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹2.0K Cr, net profit ₹-104 Cr.
Full financials →📊 Revenue & Sales Performance
- →The company is focused on accelerating revenue growth going forward after making good strides on margins (Page 8).
- →Advertising revenues were down 8% YoY due to FMCG ad spend slowdown, especially in urban areas and Hindi markets, but South and other language markets are holding better (Page 6-7).
- →Subscription revenue momentum remains strong, with nine-month FY‘25 subscriptions up 8.2%, supported by new channel tariff implementation and digital growth via ZEE5 (Page 5, 6, 11-12).
- →Advertisement spend trend has shifted upward from about Rs. 250 crores to Rs. 300 crores per quarter due to seasonal launches and new shows; this higher run rate is expected to continue with some seasonality-driven volatility (Page 17).
- →International ad sales grew 22% YoY (nine months FY‘25), showing efforts to diversify revenue sources (Page 10).
- →Movie releases in Q4 FY’25 are expected to aid revenue growth, though margins may vary based on commercial success (Page 8).
- →Management is optimistic of a gradual recovery driven by improved consumption and a supportive budget (Page 6-7).
📈 Profitability & Margins
- →The company targets an EBITDA margin of 18% to 20% by FY’26 as approved by the Board. (Page 15)
- →Margin expansion in the near term depends significantly on revenue acceleration, especially with growth in advertising and subscription revenue. (Page 10, 13)
- →Revenue growth is expected to pick up gradually over the next few quarters, with impetus from advertising recovery and subscription momentum. (Page 13)
- →The subscription business, including ZEE5, is showing steady growth, although some short-term challenges like delayed B2B renewals exist. (Page 6, 11)
- →Advertising trends are cautious due to macroeconomic constraints, especially in urban and Hindi heartland markets, but sectoral ad spends like FMCG are expected to improve with consumption recovery. (Page 4, 15, 17)
- →The company remains committed to balancing growth investments and profitability while navigating macroeconomic headwinds. (Page 8, 17)
🏗️ Capital Expenditure Plans
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Zee Entertainment Enterprises Ltd Q3 FY25 results?
The company is focused on accelerating revenue growth going forward after making good strides on margins (Page 8). - Advertising revenues were down 8% YoY due to FMCG ad spend slowdown, especially in urban areas and Hindi markets, but South and other language markets are holding better (Page 6-7). - Subscription revenue momentum remains strong, with nine-month FY‘25 subscriptions up 8.2%, supported by new channel tariff implementation and digital growth via ZEE5 (Page 5, 6, 11-12). - Advertisement spend trend has shifted upward from about Rs. The company targets an EBITDA margin of 18% to 20% by FY’26 as approved by the Board.
What is Zee Entertainment Enterprises Ltd share price analysis?
Zee Entertainment Enterprises Ltd currently shows a neutral. The stock trades at a P/E of 32.5 with a market cap of ₹9,082 Cr. Investors should review the full earnings analysis for detailed insights.
Is Zee Entertainment Enterprises Ltd planning capital expenditure?
The transcript does not explicitly mention any specific current or future capex or strategic capital investments.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.