Revenue from operations increased 5% year-on-year to Rs 1,907.3 crore in Q1 FY27, compared with Rs 1,824.8 crore in Q1 FY26, according to the company’s exchange filing.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) declined 65% year-on-year to Rs 78.9 crore from Rs 228 crore in the year-ago quarter. The EBITDA margin stood at 4.1%, compared with 12.5% in Q1 FY26.
Advertising revenue witnessed a recovery in June following the acquisition of FIFA digital and broadcasting rights, the company said.
Subscription revenue was driven by higher linear subscription pricing and growth in digital subscribers, along with higher average revenue per user (ARPU).
On the operating cost front, programming expenses increased on account of FIFA 2026 and expanded content offerings across platforms.
Zee Entertainment also continued to selectively invest in growth initiatives, including KidZ, Bullet and Live.
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Independent director re-appointments
Zee Entertainment announced the re-appointment of four independent directors for a second term of five years, subject to approval by shareholders at the ensuing Annual General Meeting.
Deepu Bansal has been re-appointed as an Independent Director for a second term of five years from October 13, 2026, to October 12, 2031, both days inclusive.
Uttam Prakash Agarwal has been re-appointed as an Independent Director for a second term of five years from December 17, 2026, to December 16, 2031, upon the recommendation of the Nomination and Remuneration Committee.
Venkata Ramana Murthy Pinisetti has also been re-appointed as an Independent Director for a second term of five years from December 17, 2026, to December 16, 2031, upon the recommendation of the Nomination and Remuneration Committee.
Shishir Babubhai Desai has also been re-appointed as an Independent Director for a second term of five years from December 17, 2026, to December 16, 2031, upon the recommendation of the Nomination and Remuneration Committee.
All the re-appointments are subject to approval by the shareholders at the ensuing Annual General Meeting.
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