Zee Media Corp revenue rises 28.8 % to Rs 170 crore in Q1

EBITDA increased from 40.9 cr in Q1FY21 to Rs 45.3 cr in Q1FY22

Mumbai: Zee Media Corporation's operational revenue was up 28.8 per cent to Rs 170.18 crore for the quarter ended in June 2021 as against Rs 132.14 crore in the corresponding period of the previous fiscal.

The network has reported a consolidated net loss of Rs 9.06 crore for the quarter under review on account of exceptional items. The company has posted a net profit of Rs 12.26 crore during the April-June quarter of the previous fiscal, Zee Media Corporation Ltd (ZMCL) said in a regulatory filing.

ZMCL's total expenses were at Rs 157.70 crore, up 35.16 per cent Q1/FY 2021-22, as against Rs 116.68 crore. The company suffered a loss of Rs 17.11 crore for exceptional items and tax for April-June quarter.

ZMCL comprises of 14 news channels, including one Global, three National and ten Regional/language channels - 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.

The company said its digital news portfolio continues to witness growth across the properties. The language news properties spanning 16 brands in 12 languages received 1.9 billion views in Q1 FY22 compared to 1.6 billion views in Q4FY21. Monthly Average Users (MAUs) grew from 107.7 million in Q4FY21 to 141.9 million in Q1FY22.

Meanwhile, the company has appointed Swetha Gopalan as an Independent director of the company for a term of five consecutive years with effect from 1 August. Gopalan started her career in 2010, when she joined Johns Hopkins Medicine International, USA, and has worked with Parkway Health and The Noble Group, both in Singapore. She also worked as a Business Analyst with Tata Consultancy Services in the USA from 2015 to 2016.


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