Zee Entertainment Q4: Firm reports net loss of ₹196 crore, revenue down 9%
Zee Entertainment announced its Q4FY23 results on May 25, reporting a net loss of ₹196 crore, compared to a net profit of ₹181 crore in the corresponding period last year. The media giant’s revenue during the January-march quarter came in at ₹2,112.1 crore, registering a decline of nine per cent, compared to ₹2,323 crore in the year-ago period.
On the operating front, the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) during the fourth quarter stood at ₹151.7 crore, registering a plunge of 71.2 per cent, compared to ₹526.4 crore in the same period last year.
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