Zee Leisure Q1 revenue dips 49% to Rs 107 cr, Advertising and marketing & Promoting Information, ET BrandEquity

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Zee Leisure Enterprises Ltd on Friday reported a 48.94 per cent decline in consolidated web revenue at Rs 106.60 crore for the June quarter 2022-23 because of difficult macroeconomic situations. Zee Leisure Enterprises Restricted (ZEEL) mentioned in a BSE submitting that the corporate had reported a web revenue of Rs 208.78 crore within the April-June interval a 12 months in the past.

Whole revenue throughout the quarter underneath evaluate stood at Rs 1,879.53 crore, as towards Rs 1,808.56 crore within the year-ago interval.

“The working efficiency of Q1 FY23 was impacted because of Zee Anmol FTA withdrawal and difficult macroeconomic situations,” ZEEL mentioned in its earnings replace.

The full expenditure stood at Rs 1,695.88 crore as towards Rs 1,501.62 crore.

The income from promoting in April-June was Rs 976.28 crore. It was Rs 926.61 crore within the year-ago interval.

ZEEL mentioned, “Promoting income progress for the quarter impacted by FTA withdrawal (Zee Anmol) and decrease advert spend by manufacturers because of weak macroeconomic situations.”

Its subscription income stood at Rs 771.72 crore as towards Rs 813.05 crore in Q1FY22.

“Subscription income declined by 5.1 per cent year-on-year and QoQ by 10 per cent,” ZEEL mentioned.

As well as, Q1 can also be affected by a few of its B2B offers and renewal timings.

Income from ‘Different Gross sales and Providers’ stood at Rs 97.74 crore. A 12 months in the past it was Rs 35.32 crore.

On Friday, ZEEL shares closed at Rs 241.80 on the BSE, down 2.50 per cent from the earlier shut.

The worth hike is tied to a brand new tier of service that Disney will launch for US clients in December. The fundamental Disney+ service prices $7.99 a month at this time. Beginning in December, that native service will run adverts, so a buyer who would not need any adverts must improve to a premium service that begins at $10.99 per 30 days, which is 37.5% off present costs. An annual plan will price $109.99.

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