Zee Entertainment Enterprises Limited · NSE:ZEEL
Zee Entertainment Enterprises — Q2 FY26 Earnings Presentation
17 slides from Zee Entertainment Enterprises's earnings presentation, Oct 16, 2025
Slide 1: Earnings Release Intimation Letter to Stock Exchanges
October 16, 2025 To, The Listing Department, The Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort Bandra-Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai- 400 051 BSE Scrip Code Equity: 505537 NSE Symbol: ZEEL
Slide 2: Earnings Update for Q2 FY26
Earnings Update for Q2 FY26 16 October 2025 Zee Entertainment Enterprises Limited
Slide 3: Disclaimer
Disclaimer Safe Harbor Statement: This Release/Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and
Slide 4: Q2 FY26 Key Performance Highlights
Q2 FY26 Key Performance Highlights Investment in content for long-term growth impacted Maintaining healthy balance sheet profitability 8% 7.4% Rs 21.1 Bn QoQ growth in Operating Revenue; EBITDA Margin; Cash and Cash Q2 FY26 Operating Revenue of Rs 19,692 Mn Q2 FY26 EBITDA of Rs 1,464 Mn Equivalent a
Slide 5: Domestic Linear: TV Landscape Remains Stable
Domestic Linear: TV Landscape Remains Stable ‘Z’ Network Share Grew 100 bps QoQ aided by Hindi and Other Language Markets Industry TV Reach and Impressions ‘Z’ Network Share Weekly Reach (Mn) Weekly Impressions (Bn) 17.8% 17.1% 17.4% 16.8% 16.8% 16.8% 755 748 749 28.6 28.4 28.8 Total TV viewership r
Slide 6: ZEE5: On Track to Achieve Breakeven via Revenue Growth and Balanced Costs
: On Track to Achieve Breakeven via Revenue Growth and Maintaining a Balanced Cost Structure ➢ Registered highest ever Quarterly Revenue; crossed Rs 3 Bn Q2 FY26 revenues Key ➢ Stable YoY growth in usage and engagement metrics during the quarter up 32% YoY Highlights ➢ Expect momentum in performance
Slide 7: 5 Hindi and 3 Other Language Movies Released During Q2 FY26
: 5 Hindi and 3 Other Language Movies Released During Q2 FY26 Produced & Distributed by Distributed by Produced & Distributed by Zee Studios Zee Studios Zee Studios Produced & Distributed by Distributed by Other Hindi Zee Studios Zee Studios Language Movies Movies Distributed by Distributed by Produ
Slide 8: Music Label with ~172 Mn Subscribers on YouTube
: Music Label with ~172 Mn Subscribers on YouTube Q2 FY26 Key Catalogue Additions All ZMC YouTube Channels Video Views & Subscribers Count 62 54 46 168 172 156 Q2 FY25 Q1 FY26 Q2 FY26 Total Subs count (Mn) Total Video Views during the Quarter (Bn) Language Wise Songs Released in Q2 FY26 Zee Music Co
Slide 9: Key ESG Highlights: Global ESG Score Placed us in the 93rd Percentile
Key ESG Highlights: Global ESG Score Placed us in the 93rd Percentile Across the Media, Movies & Entertainment • ‘Z’ achieved a high S&P Global ESG score and outperformed in Media, Movies and Entertainment (M&E) sector. • With this score ‘Z’ surpassed the industry average score of 20 and ranks among
Slide 10: H1 & Q2 FY26 Financial Performance
H1 & Q2 FY26 Financial Performance
Slide 11: H1 FY26 EBITDA Margin 9.9%; Soft Advertising Environment impacts profitability
H1 FY26 EBITDA Margin 9.9%; Soft Advertising Environment impacts profitability Operating Revenue Breakup (Rs Mn) (INR Million) H1 FY25 H1 FY26 YoY Operating Revenue 41,312 37,940 -8% Advertising Subscription Other Sales & Services Expenditure -35,386 -34,196 -3% YoY 14% 2% 38% EBITDA 5,926 3,744 -37
Slide 12: Q2 FY26 Operating Revenue grew by 8% QoQ; EBITDA Margin Impacted
Q2 FY26 Operating Revenue grew by 8% QoQ; EBITDA Margin Impacted by Investment in Content and Higher A&P Operating Revenue Breakup (Rs Mn) (INR Million) Q2 FY25 Q1 FY26 Q2 FY26 QoQ YoY Operating Revenue 20,007 18,248 19,692 8% -2% Advertising Subscription Other Sales & Services Expenditure -16,797 -
Slide 13: Q2 FY26: Soft Advertising Environment Offsets Pickup in Subscription
Q2 FY26: Soft Advertising Environment Offsets Pickup in Subscription and Higher Syndication Revenue Advertising • Domestic advertising revenue declined by 12% YoY due to slowdown in FMCG spending. revenues • Domestic advertising environment continues to be soft; pick-up on account of festive season
Slide 14: Condensed Balance Sheet
Condensed Balance Sheet Assets (INR Million) Mar’25 Sept'25 Liabilities (INR Million) Mar’25 Sept'25 Non-Current Assets Equity Capital 1,15,224 1,15,846 Fixed assets 10,059 9,533 Non-Current Liabilities Investments 383 359 Lease Liab/Other borrowings 2,398 2,116 Other financial assets 1,145 1,333 Pr
Slide 15: Cash & Treasury Investments as of Sept'25 stood at Rs 21,147 Mn
The Cash & Treasury Investments as of Sept’25 stood at Rs 21,147 Mn S.No Particulars (INR Million) Sept-25 Mutual Fund Investments (A) 1 HDFC Ultra Short-Term Fund - Direct Plan Growth 3,799 2 SBI Magnum Ultra Short Duration Fund - Direct Plan Growth 2,640 3 Tata Ultra Short-Term Fund- Direct Plan G
Slide 16: Content Inventory and Advances Continues to Decline in H1 FY26
Content Inventory and Advances Continues to Decline in H1 FY26 Driven by Optimised Acquisition and Releases Rs 79.6 Bn Decreased by Rs 0.6 Bn during H1 FY26 Rs 72.5 Bn Rs 74.2 Bn Rs 70.5 Bn Rs 70.2 Bn Rs 69.9 Bn 8% 7% 4% 4% 4% 12% Content Advances 12% 13% 13% 11% 13% 16% 13% 12% 12% 14% 14% Movies P
Slide 17: Yours Truly
Yours Truly
Zee Entertainment Enterprises — Q2 FY26 Earnings Presentation on 6ix