InvestorQ : Do you see the Zee stock as a good bet after the latest results?
Riya Dwivedi made post

Do you see the Zee stock as a good bet after the latest results?

Answer
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1 month ago


Zee Entertainment posted 95% lower net profit for the Jun-20 quarter at Rs.29 crore. Total income of Zee fell 36% to Rs.1,338 crore for the Jun period, with the fall being driven by a sharp 64% fall in advertisement revenues at just Rs.421 crore in the quarter.

Zee affirmed that it had seen a sharp bounce in viewership and its market share in all-India entertainment remained buoyant at 19.2%. However, subscription revenues grew by 6.2%, which could partially compensate for the fall in advertisement revenues.

The government has started to relax the lockdown, enabling content production to commence. The company affirmed that its cost cutting initiatives had also borne fruit including the sale of Zee’s non-core and other assets.