{"id":839664,"date":"2024-08-01T10:02:33","date_gmt":"2024-08-01T04:32:33","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=839664"},"modified":"2024-08-01T10:06:26","modified_gmt":"2024-08-01T04:36:26","slug":"zee-entertainment-swings-to-black-in-q1-beats-estimate","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/01\/zee-entertainment-swings-to-black-in-q1-beats-estimate\/","title":{"rendered":"Zee Entertainment swings to black in Q1; beats estimate"},"content":{"rendered":"<p>Media firm Zee Entertainment reported better-than-expected earnings for the June 2024 quarter (Q1FY25) amid a pick-up in subscription revenue. The company reported a consolidated net profit of Rs 118 crore in the June quarter on Wednesday versus a loss of Rs 53.4 crore reported in Q1FY24.<\/p>\n<p>Bloomberg consensus estimates had pegged net profit for the quarter at Rs 97 crore. Revenue in Q1 rose 7.4% year-on-year (y-o-y) to Rs 2,131 crore, which compares favourably with a Bloomberg consensus estimate of Rs 2,119 crore for the period. While Zee\u2019s domestic ad revenue for the quarter declined by 3.6% due to the IPL and general elections, subscription revenue saw an uptick, touching Rs 102 crore for the June quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Media firm Zee Entertainment reported better-than-expected earnings for the June 2024 quarter (Q1FY25) amid a pick-up in subscription revenue. The company reported a consolidated net profit of Rs 118 crore in the June quarter on Wednesday versus a loss of Rs 53.4 crore reported in Q1FY24. Bloomberg consensus estimates had pegged net profit for the quarter at Rs 97 crore. Revenue in Q1 rose 7.4% year-on-year (y-o-y) to Rs 2,131 crore, which compares favourably with a Bloomberg consensus estimate of Rs 2,119 crore for the period. While Zee\u2019s domestic ad revenue for the quarter declined by 3.6% due to the [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,4,12],"tags":[],"class_list":["post-839664","post","type-post","status-publish","format-standard","hentry","category-broadcasting-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839664","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=839664"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839664\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=839664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=839664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=839664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}