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Zee Media reports higher ad revenue growth in Q3 2018
BENGALURU: The Essel group’s news arm, Zee Media Corporation Ltd (ZMCL), reported higher revenue and profit after tax for the quarter ended 31 December 2017 (Q3 2018, the quarter under review) as compared with the corresponding year ago quarter. ZMCL’s revenue from operations increased by 44.8 per cent year-on-year (yoy) in Q3 2018 to Rs 159.22 crore from Rs 109.96 crore in Q3 2017.
ZMCL’s advertising revenue for Q3 2018 increased by 46.5 per cent yoy to Rs 143.95 crore from Rs 98.24 crore. Subscription revenue increased by 26.6 per cent yoy during the quarter under review to Rs 11.74 crore from Rs 9.27 crore. Other sales and services revenue grew by 44.4 per cent during the quarter under review to Rs 3.53 crore from Rs 2.44 crore. It may be noted that revenue from ZMCL’s e-commerce business (ezmall.com) grew to Rs 0.92 crore from Rs 0.09 crore in the immediate trailing quarter.
ZMCL reported profit of Rs 12.19 crore in Q3 2018 as against loss of Rs 5.74 crore in Q3 2017. ZMCL’s EBIDTA increased by 76.5 per cent yoy to Rs 37.39 crore (23.5 per cent margin on operating revenue) from Rs 21.20 crore (19.3 per cent margin).
ZMCL’s total expenditure in Q3 2018 increased 37.5 per cent yoy to Rs 137.09 crore from Rs 99.72 crore. Employee benefits expense in the quarter under review increased 58.1 per cent yoy to Rs 36.50 crore from Rs 23.09 crore in Q3 2017. The company’s distribution expenses in Q3 2018 more than doubled (increased 102.3 per cent) yoy to Rs 16.81 crore from Rs 8.31 crore.
Advertising and publicity expenses in the quarter declined by 85 per cent yoy to Rs 1.90 crore from Rs 12.69 crore. Operating costs in Q3 2018 increased by 34.9 per cent yoy to Rs 28.15 crore from Rs 20.86 crore. Other expenses in Q3 2018 rose by 61.5 per cent yoy to Rs 38.46 crore from Rs 23.82 crore.
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MUMBAI: Lights, camera… connection because this time, the game isn’t just about winning, it’s about who’s with you. Sony Pictures Networks India is gearing up to launch a new reality game show, Tum Ho Naa, expanding its unscripted slate with a format that promises both emotion and engagement.
The show will premiere soon on Sony Entertainment Television and stream on Sony LIV, with Rajeev Khandelwal stepping in as host. Known for his measured screen presence and selective choices, Khandelwal’s return to television adds a layer of familiarity and credibility to the upcoming format.
While specific details of the gameplay remain under wraps, the positioning suggests a reality format that leans as much on emotional resonance as it does on competition, an increasingly popular blend in Indian television, where audiences are gravitating towards content that offers both stakes and storytelling.
Khandelwal, reflecting on his return, noted that his choices have often been guided by instinct rather than convention, describing Tum Ho Naa as a project that feels “close to the heart”. His association also signals Sony’s continued focus on anchoring new formats with recognisable faces who bring both relatability and depth.
The launch comes at a time when broadcasters are doubling down on original non-fiction formats to drive appointment viewing, even as digital platforms expand parallel reach. By placing the show across both linear television and OTT, Sony appears to be aiming for a dual-audience strategy capturing traditional viewers while engaging digital-first consumers.
As the countdown to premiere begins, Tum Ho Naa positions itself not just as another game show, but as a reminder that sometimes, the biggest prize on screen isn’t the jackpot, it’s the journey shared along the way.
