Q1 2025 Zee Entertainment Enterprises Ltd Earnings Call Transcript
Key Points
- Zee Entertainment Enterprises Ltd (BOM:505537) reported a significant improvement in EBITDA margin by 500 basis points year-on-year.
- The company has seen a reduction in EBITDA losses for ZEE5, indicating better cost management.
- Subscription revenue growth remains steady, driven by the implementation of the National Tariff Order 3.0.
- The company has generated strong free cash flow and has optimized its content inventory.
- Zee Entertainment Enterprises Ltd (BOM:505537) has a balanced and healthy revenue profile from both linear and digital segments.
- Advertising revenue growth remains subdued, particularly due to rural recovery not picking up entirely.
- The quarter was sports-heavy and included general elections, which impacted general entertainment advertising spends.
- There is a sequential decline in OTT revenues, partly due to seasonal factors and reduced content spending.
- The company has undergone significant cost-cutting measures, which may impact employee morale and talent retention.
- The competitive landscape remains challenging, with potential pressures on advertising rates, distribution efficiency, and content costs.
Ladies and gentlemen, thank you for your patience, and good day, and welcome to Q1 FY '25 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, Zee Entertainment Enterprises Limited. Thank you, and over to you, sir.
Thank you, Nitika. Hello, everyone, and welcome to our Q1 FY '25 earnings discussion. Thanks for standing by. We have with us today our Managing Director and CEO, Mr. Punit Goenka, along with senior management team. We will start with the opening remarks from Mr. Goenka. Post this, we will subsequently open the floor for questions and answers.
Mr. Goenka has to leave a bit early today but the team will stay back for the remainder of the call and take all the questions. Before we get started, I'd like to remind everyone that some of the statements made or discussed on today's call will be
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