Q4 2024 Zee Entertainment Enterprises Ltd Earnings Call Transcript
Key Points
- Zee Entertainment Enterprises Ltd (BOM:505537) reported a positive tailwind and growth momentum in Q4 FY24, setting a promising outlook for FY25.
- The company saw a healthy 8.1% quarter-on-quarter growth and a 10.4% year-on-year growth in advertising revenue, driven by FMCG sector recovery.
- Subscription revenue grew by nearly 10% year-on-year, led by NTO 3.0 implementation and growth in digital subscription revenue.
- ZEE5 continues to post a moderately healthy increase in metrics quarter-on-quarter, with a 24.1% revenue growth in FY24.
- The company has initiated cost optimization measures, which are expected to drive a healthy margin improvement beginning Q2 FY25.
- FY24 was a challenging year for Zee Entertainment Enterprises Ltd (BOM:505537) due to macroeconomic headwinds and other external factors.
- The company has withdrawn its merger implementation application from the National Company Law Tribunal, which may impact strategic growth plans.
- There will be some onetime costs in the near term due to cost optimization initiatives, which may affect short-term financial performance.
- ZEE5 is expected to see some short-term aberration in financial performance as the company optimizes costs for long-term growth.
- The media and entertainment industry is facing intensifying competition, which may pose challenges for Zee Entertainment Enterprises Ltd (BOM:505537) in maintaining its market position.
Ladies and gentlemen, good day, and welcome to the Q4 FY24 Earnings Conference Call of Zee Entertainment Enterprises Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Mahesh Pratap Singh, Head of Investor Relations at Zee Entertainment Enterprises Limited. Thank you, and over to you, sir.
Thanks, [Harvin]. Good evening, everyone. Welcome to our Q4 FY24 earnings discussion. We have with us today our Managing Director and CEO, Mr. Punit Goenka, along with senior management team. We'll start the call by opening remarks from Mr. Goenka, followed by commentary on operating and financial performance by Mr. Rohit Gupta, our CFO. We'll subsequently open the floor for questions-and-answer session.
Before we get started, I'd like to remind everyone that some of the statements made or discussed on today's conference call will be forward-looking in nature and must be viewed in conjunction with risks and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
