Mumbai: Zeel has announced Q1 results on 9 August, reporting a 7.6 per cent YoY growth in total operating revenue. ZEEL's All India TV Network Share in the quarter declined 30 basis points sequentially to 17 per cent. The company saw TV viewership improve sequentially.
The company declared that its subscription revenue YoY was up 18 per cent, driven by pick up in subscription revenue post NTO 3.0 & ZEE5.
The company shared, “Content continues to perform well and strong engagement continues - Zee Music Company (ZMC) is the 2nd Largest Music Label with ~137Mn Subscribers on YouTube.”
ZEEL saw programming and technology cost increase YoY due to higher content costs in movies, including theatrical releases, and investment in the over-the-top OTT platform ZEE5. ZEE5’s revenue in the quarter grew 21 per cent to Rs 194 crore.
