Reiterate BUY with TP of Rs 585 @ 30x Sep-20E EPS. The recent correction offers a decent entry point. Zee Entertainment (Zee) reported yet another strong quarter beating estimates on revenue (+25% YoY) and EBITDA (+38%, margin 34.2%). PAT was in-line owing to higher tax-rate at 40.5%. Advertising revenue grew by a healthy 22.7% and subscription 21.3% (domestic 26%). Zees network viewership share improved further to 19.9% (vs. 16.9% in 2QFY18 and 19.2% in 1QFY19) led by strong performance across Hindi and regional GEC channels.