Zee Entertainment Enterprises Limited — Investor Meet, 30-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Zee Entertainment Enterprises reported strong Q3 FY26 results, with digital revenue up 73% YoY to ₹418 Cr, achieving its first positive digital EBITDA of ₹56.4 Cr. Overall subscription revenue grew 7%. While advertising revenue declined 9% YoY, it showed a 6% QoQ uptick, with management optimistic about a gradual recovery. Other sales & services surged 7x YoY, driven by syndication and new movie acquisitions. Operating costs saw a 12% QoQ rise due to ILT20 and new content, yet EBITDA margin improved to 10.5%. PAT more than doubled QoQ to ₹154.8 Cr. Cash and investments total ₹2180 Cr. Management emphasizes sustained digital profitability, prudent cost efforts, and a positive outlook for ad spending. Star arbitration proceedings are adjourned until July.