Mumbai: Zee Entertainment Enterprises Ltd (Zeel) on Wednesday reported its financial results for the quarter ended 31 December 2021. The media conglomerate has posted revenues of Rs 21,126 million for Q3’FY22, down three per cent from Rs 21,781 million in Q3’FY21.  

Thr revenue from advertising and subscription stood at Rs 12,608 million and Rs 7,902 million respectively. The corresponding figures for Q3’FY21 were Rs 13,020 million and Rs 8,419 million. There was a six per cent increase in overall expenditure. 

The A&P spends went up from Rs 1,798 million in Q3’FY21 to Rs 2,282 million in the quarter ended 31 December 2021.

The company PAT showed a degrowth of 10.1 per cent, from Rs 3,321 million in Q3’FY21 to Rs 2,987 million this quarter.  

Zee’s network share fell from 18.2 per cent in Q3'21 to 17.3 per cent this quarter. Share for the last quarter was 17.7 per cent. Total TV viewership went down, as compared to the previous quarter, due to lower contribution by movies.

The company’s OTT platform Zee5 witnessed significant growth in MAUs on the back of robust content release in Q3. 51 shows and films (which includes 11 originals) released during the quarter.

Global MAUs (Monthly Active Users) and DAUs (Daily Active Users) in December 2021 stood at 101.9 million (YoY up 36 million), and 9.6 million (YoY up 4.2 million) respectively.

Q3 revenues reported were Rs 1,459 million; up 12 per cent sequentially. 9M revenues stood at Rs 3,882 million (up by 24.6 per cent).  

Average watch time increased from 133 mins in Q3’ FY21 to 201 mins in Q3’FY22. The QoQ is up by 15 mins.