Q4 FY25: ZEEL’s YoY ad revenue drops 25%; profit soars 1,304%

Zee Entertainment Enterprises Ltd (ZEEL) reported a 2% year-on-year increase in consolidated income for the quarter ended 31 March 2025. Total income for Q4 FY25 stood at Rs 2,220 crore, up from Rs 2,185 crore in Q4 FY24.

The quarterly growth came despite continued pressure in key revenue segments. Advertisement revenue fell 25% year-on-year to Rs 838 crore from Rs 1,110 crore. On a sequential basis, it declined 11% from Rs 941 crore in Q3 FY25.

Subscription revenue, however, grew 4% year-on-year to Rs 987 crore from Rs 949 crore in Q4 FY24. Compared to Q3, it remained nearly flat with a marginal 0.4% increase from Rs 982 crore.

Revenue from other sales and services surged 227% year-on-year to Rs 360 crore from Rs 110 crore. A similar 227% quarter-on-quarter jump was seen from Rs 56 crore in Q3.

Other income stood at Rs 36 crore for the quarter, marking a 135% increase from Rs 15 crore in Q4 FY24, and a 5% rise over Rs 35 crore in Q3 FY25.

ZEEL’s consolidated net profit for Q4 FY25 jumped to Rs 188 crore, a staggering 1,304% increase from Rs 13 crore in the same quarter last year. Sequentially, profit was up 15% from Rs 164 crore reported in Q3 FY25.

For the full financial year ended 31 March 2025, ZEEL’s total income declined 4% to Rs 8,417 crore, compared to Rs 8,766 crore in FY24.

Despite the annual revenue dip, the company posted a strong recovery in profitability. Net profit for FY25 stood at Rs 679 crore, a more than fourfold increase of 381% compared to Rs 141 crore in FY24.

Annual advertising revenue fell 11% to Rs 3,591 crore from Rs 4,058 crore. Subscription revenue rose 7% to Rs 3,926 crore from Rs 3,666 crore. Revenue from other sales and services declined 15% to Rs 777 crore, compared to Rs 914 crore in FY24. Other income dipped 5% to Rs 123 crore from Rs 129 crore in the previous fiscal.