Zee Media Q3 FY2019 revenues up 22.7%; ad revenues grow 21.9%
Zee Media Corporation Limited (ZMCL) has reported consolidated revenues of Rs 1,942.2 million for the third quarter of fiscal 2019, a growth of 22.7 per cent over Rs 1,583.0 million recorded in the corresponding quarter of FY18. The network incurred expenditure of Rs 1,362.3 million in Q3FY19, an increase of 21.3 per cent from Rs 1,122.7 million in Q3FY18. The increase in expenditure YoY has been mainly contributed by three new channels launched during last year – viz. Zee Salaam, Zee 24 Kalak and Zee Uttar Pradesh/ Uttarakhand.
EBITDA for the third quarter grew by 26 per cent to Rs 579.9 million from Rs 460.3 million for the corresponding period last financial year. EBITDA margin grew from 29.1 per cent in Q3FY18 to 29.9 per cent in Q3FY19.
Advertising revenues for Q3 FY19 grew by 21.9 per cent over Q3FY18 to Rs 1,755.1 million.
Operating profit for the third quarter grew by 26 per cent over Q3FY18 to Rs 579.9 million. Profit After Tax (PAT) from continuing operations grew to Rs 272 million in Q3FY19, as against Rs 208.7 million in Q3FY18.
Zee Media has a cluster of news, current affairs and regional news channels, which includes Zee News, Zee Business, WION, Zee Hindustan, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chhattisgarh, Zee 24 Taas, Zee 24 Ghanta, Zee Odisha, Zee Bihar Jharkhand, Zee Rajasthan, Zee Salaam, Zee 24 Kalak, and Zee Uttar Pradesh Uttarakhand. These 14 channels (1 Global, 3 National and 10 Regional) reached more than 350 million viewers. (Source: BARC, NCCS 2+, All India, l MCL Channels, 24hrs, 1" Oct - 31" Dec 2018 Coverage)
Zee News, the network’s flagship news channel, reached more than 198 million viewers. The channel continued to translate its market strength into revenues and achieved a 20 per cent growth in 9 months during FY19 over the same period last year. (Source: BARC, NCCS 2+, All India, 24hrs, 1" Oct - 31" Dec 2018 Coverage)
Zee Hindustan, the network’s second national Hindi news channel, which reached over 158.8 million viewers, was transformed into India’s first anchorless news channel in December 2018. The channel will focus on innovative and analytical news programming. (Source: BARC, NCCS 2+, All India, 24hrs, 1" Oct - 31" Dec 2018 Coverage)
Zee Business, the Business News offering, renewed its vigour to increase its relevance in the investor community. As a result, within the last three quarters, the channel more than doubled its market share in the stock market hours from 17.3 per cent in Q4FY18 to 35.5 per cent in Q3FY19. (Source: BARC, HSM, NCCS 22+ Male ABC, 07:00-15:30 hrs, Weekdays, Average weekly share based on Impressions)