{"id":839459,"date":"2024-07-31T17:52:54","date_gmt":"2024-07-31T12:22:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=839459"},"modified":"2024-08-01T08:22:03","modified_gmt":"2024-08-01T02:52:03","slug":"zee-entertainment-reports-q1-profit-on-subscriber-growth","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/31\/zee-entertainment-reports-q1-profit-on-subscriber-growth\/","title":{"rendered":"Zee Entertainment reports Q1 profit on subscriber growth"},"content":{"rendered":"<p>India&#8217;s Zee Entertainment Enterprises reported a first-quarter profit on Wednesday, led by growth in its subscriber base. <\/p>\n<p>The broadcaster reported a consolidated net profit of $14.1 million (Rs 118 crore) for the quarter ended June 30, compared with a loss of 534.2 million rupees a year ago. <\/p>\n<p>The company&#8217;s subscription revenue increased 9 per cent to 9.87 billion rupees, boosting its total income by nearly 8 per cent. <\/p>\n<p>Zee is among India&#8217;s biggest players in the country&#8217;s media and entertainment industry where the likes of Reliance Industries and the Adani Group are expanding their presence. <\/p>\n<p>However, flailing advertising revenue and two failed deals, including a $10 billion merger with Sony&#8217;s Indian unit, have weighed on Zee&#8217;s shares and financials.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s Zee Entertainment Enterprises reported a first-quarter profit on Wednesday, led by growth in its subscriber base. The broadcaster reported a consolidated net profit of $14.1 million (Rs 118 crore) for the quarter ended June 30, compared with a loss of 534.2 million rupees a year ago. The company&#8217;s subscription revenue increased 9 per cent to 9.87 billion rupees, boosting its total income by nearly 8 per cent. Zee is among India&#8217;s biggest players in the country&#8217;s media and entertainment industry where the likes of Reliance Industries and the Adani Group are expanding their presence. However, flailing advertising revenue and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-839459","post","type-post","status-publish","format-standard","hentry","category-broadcasting"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=839459"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839459\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=839459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=839459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=839459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}