ScoutQuest30 Oct 2026
Zee Entertainment Enterprises505537Quarterly results

Zee Entertainment Q2 FY27: operating revenue up 13% to Rs 22,246 Mn as ZEE5 doubles, EBITDA margin falls to 3.2%

Q2 FY27 operating revenue up 13% to Rs 22,246 Mn; EBITDA down 52% to Rs 708 Mn, PAT down 40% to Rs 456 Mn.

By ScoutQuest · · 1 min read

41,319 (INR Million)
Q2 FY2722,246 (INR Million)H1 FY2741,319 (INR Million)
Operating revenue: 22,246 (INR Million) (Q2 FY27) and 41,319 (INR Million) (H1 FY27).
Q2 FY27 Operating Revenue
up 13% to Rs 22,246 Mn
Q2 FY27 EBITDA
down 52% to Rs 708 Mn (3.2% margin)
Q2 FY27 PAT
down 40% to Rs 456 Mn
Period
Q2 FY27
Positioning
Zee describes itself as a TV and digital network that reached a 20% All India TV network share in Week 24, its highest in over 7 years, with ZEE5 its fastest growing vertical.

📈 Q2 FY27 operating revenue rose 13% YoY to Rs 22,246 Mn, but expenditure rose 18%, cutting EBITDA 52% to Rs 708 Mn (3.2% margin) and PAT 40% to Rs 456 Mn. For H1 FY27, revenue was Rs 41,319 Mn (up 9%) and PAT Rs 1,199 Mn (down 46%).

📈 Subscription revenue rose 30% YoY to Rs 13,324 Mn while advertising was flat at Rs 8,030 Mn; the company attributes weaker H1 profitability to the Middle East crisis hitting the ad environment and investments in new initiatives.

📈 ZEE5 revenue doubled (up 101%) to Rs 6,260 Mn with Rs 416 Mn EBITDA, aided by FIFA 2026; management says unit economics remain positive and that it will continue selectively investing in initiatives such as KidZ, Bullet, Live and Music.

💰 The company says the upcoming festive season should aid ad revenue growth. Its balance sheet shows cash and treasury investments of Rs 25,694 Mn and minimal borrowings as of Sept'26.

More numbers
  • Operating revenue, Q2 FY2722,246 (INR Million)
  • Operating revenue YoY growth, Q2 FY2713%
  • EBITDA, Q2 FY27708 (INR Million)
  • EBITDA margin, Q2 FY273.2%
  • PAT, Q2 FY27456 (INR Million)
  • Operating revenue, H1 FY2741,319 (INR Million)
  • PAT, H1 FY271,199 (INR Million)
  • ZEE5 revenue, Q2 FY27Rs 6,260 Mn
  • ZEE5 EBITDA, Q2 FY27416 Mn
  • Subscription revenue, Q2 FY2713,324 (Rs Mn)
  • Advertising revenue, Q2 FY278,030 (Rs Mn)
  • Cash & treasury investments, Sept'26Rs 25,694 Mn
  • Total equity, Sept'261,23,993 (INR Million)
Source: BSE · 30 Oct 2026

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