Indian broadcaster Zee extends fall on Q1 revenue drop

Zee Entertainment Enterprises

22/07/2025 10:46

** Shares of Zee Entertainment Enterprises ZEE.NS down 5.7% to 133.5 rupees

** The Indian broadcaster posts ~14% drop in Q1 consol total income to 18.50 bln rupees ($214.3 mln), due to lower advertisement revenue

** Profit, before tax and exceptional items, drops 5.4%

** Shares were down 2.7% before the result

** Stock set to fall most in a session since April 7

** ZEE set to snap four straight months of gains

** Avg. rating of 16 analysts covering the stock is "hold" and median PT is 145 rupees, ~7.4% higher than current price - data compiled by LSEG

** YTD, ZEE up 10%

($1 = 86.3480 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))