ZEEL’s net profit up by 18% in Q2FY19


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Content material, Earnings, earnings-sept18, Subhash Chandra, zee5, ZEEL

Zee Leisure Enterprises Ltd (ZEEL), which operates leisure channels akin to Zee TV and Zee Cinema, reported consolidated revenues of Rs 2034.7 crore for the quarter ended September 30, 2018 (Q2 FY19). This represents a rise of virtually 14% from Rs 1785 crore in the identical quarter final 12 months. Within the earlier quarter, the full revenues stood at Rs 1821.7 crore.

Promoting income stood at Rs 1210.6 crore, making up 59% of the full income this quarter.
ZEEL’s expenditure went up by 20% year-over-year and stands at Rs 1386 crore this quarter.
Internet revenue elevated by 18% quarter-on-quarter at Rs 386 crore, however has fallen 38% year-on-year.

ZEEL accomplished the second part of disposal of its Sports activities enterprise to Sony Photos this quarter.
Income highlights Q2FY19
ZEEL captures an all-India viewership share of 19.9%. Promoting and subscription revenues type the biggest chunks of income:

Promoting income: Rs 1210.6 crores, year-on-year development of 22%. The corporate expects development on this section, particularly with the launch of a brand new channel in Kerala.

Home promoting income: Rs 1152 crore, grew by 23.three% year-on-year
Worldwide promoting income: Rs 58 crore

Subscription income: Rs 608 crore, year-on-year improve of 21%

Home subscription income: Rs 509 crore, grew by 26.zero% year-on-year
Worldwide subscription income: Rs 98 crore

ZEEL claims that its over-the-top platform Zee5 has 41 million month-to-month energetic customers and common time spent on the platform is 31 minutes. By way of customers, Zee5 has seen a 190% development in customers since April 2018. ZEEL MD and CEO Punit Goenka additionally stated Zee5 has unique content material in addition to partnerships coming alongside. In response to Goenka, promoting and subscription income efficiency offers impetus for funding within the digital arm.
Keep in mind that Zee5’s content material partnership with Reliance Jio fell by in August after the 2 failed to achieve a pricing settlement. Zee5 then signed a take care of Bharti Airtel to characteristic Zee’s content material on Airtel apps and merchandise. Nonetheless, ZEEL and Reliance Jio signed a recent deal as soon as once more this week, making Zee’s 37 channels and on-demand library out there on all Jio apps.
Obtain: Financials and Press Launch

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