Zee Entertainment Enterprises Ltd. share price target

ZEEL's Q4 adj. domestic ad revenue growth surprised positively at 8.6% (vs. industry'sflattish ad revenue) this was largely driven by market share gain across most of its regional channels.

Zee Entertainment Enterprises Ltd (ZZEL) reported healthy Q4FY17 results on all parameters. Post demonetisation, advertising revenue was under pressure for media companies, however, the ad industry growth is back on growth track. Digitisation has played a major role in terms of bringing incremental subscription revenue for broadcasters.

ICICI Securities Ltd | Retail Equity Research Revenues came in at | 1528.0 crore (vs. our estimate of | 1536.4 crore). Advertisement revenues remained subdued and lower-thanexpected at | 846.9 crore (decline of 2% YoY vs. our estimate of 3.3% growth), owing to post demonetisation woes. Subscription revenues came in at | 558.0 crore, down 6.1% YoY (our estimate: decline due to high base on account of catch-up revenues in Q4FY16). While domestic subscription revenues declined 2.7% YoY, the decline in international subscription revenues was steeper at 8.2% YoY. The...

Jio and cut throat competition happening over there, the de-growth in FMCG and e-com space got offset by the spurt in the telecom domain. New launches by the auto companies too supported the cause and are expected to continue in to do so in the ensuing quarters. Dominance in the regional space, mainly in the Marathi (>50 % market share) & Oriya...

Zee Entertainment Enterprises Ltd reported healthy Q3FY17 numbers amidst demonetisation woes. The company reported 3.4% yoy increase in net sales at Rs 1,639crs. EBITDA shot up by 20% yoy to Rs 515.8crs. EBITDA margin improved by 438bps yoy to 31.5% led by cost optimisation. Net profit for the quarter stood at Rs 250.8crs, a growth of 8.6% over Q3FY16.

Revenue fell by 3.32% to Rs. 1639.12 Cr in Q3FY17 when compared to the previous quarter. On the other hand, it increased by 3.39% when compared with Q3FY16

ICICI Securities Ltd | Retail Equity Research Revenues came in at | 1639.1 crore (vs. our estimate of | 1599.3 crore), with better-than-expected subscription revenue growth, which came in at | 593.5 crore, up 13.7% YoY vs. an expected 9.4% YoY growth. Subscription revenues were aided by strong domestic subscription, which came in at | 481.8 crore, up 15.0% YoY. Advertisement revenues, however, remained subdued as expected at | 955.5 crore (up 3.4% YoY), in line with our estimates...

Impressive quarter with emphasis on operational performance Margins and adjusted PAT came in above expectations once again Zee posted strong performance in Q3 despite advertising revenues shrinking at just 3.4% yoy. Subscription growth managed to record a lower teen growth at 13.7% while the overall topline grew at 3.4% slightly above our expectations....

Zee Entertainment (Zee) has announced the acquisition of the TV business of Reliance Broadcast Network (RBNL), which houses Big Magic (comedy genre GEC) and Big Ganga (Bhojpuri GEC) for an enterprise valuation (EV) of | 298.4 crore. The acquired entity also has four other TV licences that shall get transferred to Zee through the demerger scheme. The acquired channels had revenues of | 49 crore and | 37 crore in FY16...