Zee Entertainment logs 18.7% rise in revenues in FY19; ad income up 20%

Zee Entertainment Enterprises (ZEEL) reported Rs 7,933.9 crore in consolidated revenue for the year ended March 31. This is up 18.7 per cent, from the total revenue reported in 2017-18 or FY18 (Rs 6,685.7 crore). Earnings before interest, taxes, depreciation, and amortisation (Ebitda) for the year was Rs 2,564 crore, up 23.5 per cent from FY18’s Rs 4,609.5 crore, while profit after tax (PAT) for the year was Rs 1,567.1 crore, up 6 per cent from Rs 1,479.1 crore last financial year.

Advertising revenue for the financial year under consideration grew 19.8 per cent, from Rs 4,204.8 crore in FY18 to Rs 5,036.7 crore. The company attributed this revenue traction to the strengthening of its domestic broadcast business’ market share and monetisation of ZEE5’s fast growing user base.