The Board of Directors has approved and taken on record the unaudited consolidated financial results of Zee Entertainment Enterprises Limited (ZEEL) and its subsidiaries for the quarter ended December 31, 2017.

ZEEL reported consolidated revenue of Rs. 18,381 million for the third quarter of fiscal 2018. PAT for the quarter was Rs. 3222 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) for the quarter stood at Rs. 5944 million and EBITDA margin stood at 32.3 percent. Advertising revenue for the quarter was Rs. 12,020 million recording a growth of 25.8 percent. Adjusted for sports, domestic advertising grew by 30.4 percent to Rs. 11,373 million. On a comparable basis (excluding sports, RBNL, and IWPL), domestic advertising revenue grew by 25.7 percent. International advertising revenue for the quarter was USD 647 million. Subscription revenue for the quarter was `5017 million. Adjusted for the sale of sports business, domestic subscription revenue grew by 7.5 percent to USD 4036 million. International subscription revenue stood at USD 981 million. During the quarter, two HD channels, Zee Telugu HD and Zee Cinemalu HD, were launched taking the count of HD channels to 13.

 “It is very heartening to see the rebound in the economy after four quarters. The initiatives taken by the government had some short-term impact on the growth but these measures will strengthen the economy in the long run. The Indian M&E sector will be a beneficiary of this growth story as people spend more time and money on consuming entertainment content. ZEEL, with its strong portfolio of entertainment offerings, is well-positioned to capitalize on this opportunity.”

Dr Subhash Chandra