Zee Q1 revenue falls on ad woes, cautiously optimistic in FY26
Zee Entertainment is “cautiously optimistic” about its advertising outlook in FY26 after the company reported a 14% year-on-year (y-o-y) drop in June quarter (Q1) revenue to Rs 1,825 crore on Tuesday. Net profit for the quarter rose 22% y-o-y to Rs 144 crore, led by lower costs and a one-off loss in the year-ago period.
“We don’t change our guidance mid-year. We will work towards our guidance of 8-10% increase in advertising revenue for FY26,” Punit Goenka, CEO, Zee Entertainment, said during a post-earnings call on Tuesday. Goenka also noted that consolidation in the media industry offered advantages rather than disadvantages.
