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Zee Entertainment Enterprises
Zee Entertainment Enterprises (ZEEL) investor relations material
Zee Entertainment Enterprises Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary30 Oct, 2026
Executive summary
Q2 FY27 operating revenue rose 13% YoY to Rs 22,246 Mn; EBITDA fell 52% to Rs 708 Mn and margin was 3.2%, as FIFA and new-initiative investments weighed on profitability.
Consolidated Q2 revenue was Rs 22,472m versus Rs 19,956m YoY; net profit was Rs 456m versus Rs 765m. H1 consolidated revenue rose to Rs 41,857m, while net profit was Rs 1,199m.
Digital growth and subscription gains supported revenue; the Middle East crisis affected advertising conditions and investment levels.
Financial highlights
H1 FY27 operating revenue rose 9% YoY to Rs 41,319 Mn; expenditure increased 16% to Rs 39,822 Mn, and EBITDA declined 60% to Rs 1,497 Mn.
Q2 consolidated advertising revenue was Rs 8,030m versus Rs 8,063m YoY; subscription revenue rose to Rs 13,324m from Rs 10,230m.
Consolidated Q2 profit before tax was Rs 631m versus Rs 1,154m YoY; H1 PBT was Rs 1,372m versus Rs 3,126m.
H1 consolidated operating cash flow was negative Rs 3,706m versus negative Rs 386m; investing cash flow was negative Rs 973m versus negative Rs 271m.
Outlook and guidance
Management expects H2 digital momentum to continue; subscription growth should remain above normalized levels but below Q2’s 30% rate.
FIFA subscriber retention was 35%–40%; renewals into quarterly and longer-term packs are expected to support Q3 and Q4 subscription revenue.
Advertising revenue is expected to remain stable in H2; the festive season, strong content pipeline and FIFA-supported digital growth underpin cautious optimism for FY27.
Q3 digital releases include originals; KidZ, Bullet and Live remain investment priorities. Linear subscription benefits from Unite8 Sports and added football properties are expected mainly from next FY.
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Latest events from Zee Entertainment Enterprises
- Revenue grew, margins faced investment pressure, and FY26 EBITDA margin ambition is 18–20%.ZEEL
Q4 23/24 - Higher profits and ad bookings marked a year of consolidation and broader programming.ZEELQ4 96/97
- Operating income and PAT rose 26% as advertising bookings climbed 40%.ZEELQ4 97/98
- Revenue and PAT surged as expansion shifted toward subscription, digital and regional media.ZEELQ4 98/99
- Normalized growth and global expansion advanced alongside heavy convergence investment and tax uncertainty.ZEELQ4 99/00
- Income rose 47%, while pay-TV expansion and tax disputes shaped the year.ZEELQ4 00/01
- Subscription growth offset weak advertising, while restructuring and expansion reshaped FY02.ZEELQ4 01/02
- Subscription growth lifted margins as advertising weakened and CAS/DTH approached.ZEELQ4 02/03
- Subscriptions drove growth as debt fell, while DTH and CAS shaped the outlook.ZEELQ4 03/04
Next Zee Entertainment Enterprises earnings date
Q3 26/2721 Jan, 2027
Zee Entertainment Enterprises
Next Zee Entertainment Enterprises earnings date
Q3 26/2721 Jan, 2027
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Frequently asked questions
Zee Entertainment Enterprises Ltd. , formerly known as Zee Telefilms, is an Indian media conglomerate with a diverse portfolio that encompasses television, digital platforms, movies, and music. The company made history by launching India's first private satellite TV channel in 1992 and has since expanded its reach to 1.3 billion viewers across the globe through both linear and digital platforms. ZEEL's content library includes a wide range of genres, catering to audiences with varied interests, and the company operates 45 channels worldwide.