Economic Timesأخبار اقتصادية

Zee’s finances on the mend, still wait for bigger picture

Zee’s finances on the mend, still wait for bigger picture

Synopsis

Zee’s consolidated revenue grew by 10% year-on-year to Rs 2,170 crore in the March 2024 quarter. This was 8% higher than the street’s estimates. A large part of this growth was on account of 10% growth in the advertising revenue at Rs1,110 crore, beating the analysts’ estimates by 16%.

The stock of Zee Entertainment Enterprises has gained over 11% in the past three trading sessions since its fourth quarter results last Friday. This may offer some relief to investors given that the stock had fallen by over 20% in three months following a failed merger deal with Sony. The company’s March 2024 quarter beat analysts’ estimates as its advertising revenue showed growth after six consecutive quarters of decline. The management
BY

Rajesh Naidu

ET Bureau

3 mins read, Last Updated: May 23, 2024, 05:58:00 AM IST

Gift A Story

Share member-only stories with your friends or family and help them read it for free.

Gifting Limit Reached!

Hey

No worries! You will get a limit of 15 stories next month to share with your friends and family.

Gift This Story

Stories Left!

You can gift upto 15 stories in a month.

LINK COPIED

FONT SIZEAbcSmallAbcMediumAbcLargeSAVEPRINTCOMMENT

Continue reading with one of these options:
Limited Access
Free
Login to get access to some exclusive stories
& personalised newsletters
Login Now
Unlimited Access
Starting @ Rs120/month
Get access to exclusive stories, expert opinions &
in-depth stock reports
Subscribe Now
ET

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Prime Account Detected!

It seems like you’re already an ETPrime member with

Login using your ET Prime credentials to enjoy all member benefits

Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.

To read full story, subscribe to ET Prime


Get Unlimited Access to The Economic Times

₹34 per week

Billed annually at
₹2499 ₹1749

Already a Member? Sign In now

Super Saver Sale – Flat 30% Off

On ET Prime Membership

Claim Offer »

Already a Member? Sign In now

Unlock this story and enjoy all members-only benefits.

Offer Exclusively For You

Save up to Rs. 700/-

ON ET PRIME MEMBERSHIP

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get Flat 40% Off

Then ₹ 1749 for 1 year

Avail Offer

Offer Exclusively For You

ET Prime at ₹ 49 for 1 month

Then ₹ 1749 for 1 year

Avail Offer

6th Anniversary Offer

Get flat 20% off on ETPrime

Avail OfferAvail OfferExclusive Student Only Offer

90 Days Prime access worth Rs999 unlocked for you

Claim Now

Already a Member? Sign In now

Why ?

Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

Stock analysis. Market Research. Industry Trends on 4000+ Stocks

Clean experience with
Minimal AdsComment & Engage with ET Prime communityExclusive invites to Virtual Events with Industry LeadersA trusted team of Journalists & Analysts who can best filter signal from noise

​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

For more details: Read More

مقالات ذات صلة

زر الذهاب إلى الأعلى