Zee Media Corp Q2 Results: Net loss widens to Rs 49.86 crore, revenue down 13%

Private news broadcaster Zee Media on Friday said its consolidated net loss for the second quarter ended September 2024 widened to Rs. 49.86 crores. During the July-September quarter of the previous financial year, the company posted Rs. 30.70 crore net loss was reported. A regulatory filing from Zee Media Corporation Ltd (ZMCL).

During the quarter under review, its income from operations fell by 13.78 percent to Rs. 130.70 crores. In the corresponding period of the previous financial year it was Rs. 151.59 crores.

ZMCL’s total expenses rose 1.64 percent in the September quarter to Rs. 199.65 crores.

Zee Media’s total revenue, which includes other income, also declined by 13.43 percent to Rs. 133.12 crores.

Its advertising revenue fell by 16.3 percent to Rs. 119.22 crore, while subscription revenue in the September quarter grew by 26.7 percent to Rs. 11.43 crores.

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