The company’s revenue from operations stood at Rs 2,149 crore in Q3FY26, rising 15% YoY over Rs 1,836 crore posted in the corresponding period of the last financial year.
Post earnings announcement, Zee Entertainment shares rose 4.3%, hitting the day’s high of Rs 85.50 on the BSE.
Meanwhile, the profit-after-tax (PAT) surged 103% quarter-on-quarter (QoQ) versus Rs 76 crore in Q2FY26 while the topline grew 9% over Rs 1,969 crore in the July-September quarter of FY26.
The company incurred expenses of Rs 2,087 crore in the quarter under review, which gained 11% from Rs 1,880 crore in Q2FY26 and 20% higher YoY from Rs 1,735 crore in Q3FY25. The expenditure was made towards operational costs, employee benefits expense and finance cost among other things.
The company’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) in Q3FY26 stood at Rs 241 crore, down 24% YoY and up 64% QoQ while the EBITDA margin stood at 16.1% in Q3FY26 versus 7.4% in Q2FY26 and 10.5% in Q3FY25.
Segment Revenue
Advertising revenue was at Rs 852 crore, up from Rs 806 crore in Q2FY26 and down from Rs 941 crore in Q3FY25.
2) Subscription revenue was at Rs 1,050 crore, up from Rs 1,023 crore in Q2FY26 and up from Rs 983 crore in Q3FY25.
3) Other sales and services was at Rs 378 crore, up from Rs 140 crore in Q2FY26 and up from Rs 557 crore in Q3FY25.
Zee said that a slowdown in FMCG spending impacted domestic advertising revenue, down by 10% YoY while the domestic advertising environment remains soft. It said that it remains hopeful of revival in brand building spends.
Meanwhile, an increase in digital revenue drove the growth in subscriptions.
The uptick in other sales and services revenue was largely driven by the sale of distribution rights of two blockbuster movies.
