Zee Entertainment Enterprises quarterly profit fell 38% as FIFA World Cup-related costs offset gains
Summary
Zee Entertainment’s quarterly profit fell 38% to 478 million rupees as FIFA World Cup broadcasting, expanded programming and other investments lifted expenses. Subscription revenue rose 30%, but flat advertising revenue and higher costs reduced core margins.
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Zee Entertainment Enterprises quarterly profit fell 38% as FIFA World Cup-related costs offset gains
Zee Entertainment’s quarterly profit fell 38% to 478 million rupees as FIFA World Cup broadcasting, expanded programming and other investments lifted expenses. Subscription revenue rose 30%, but flat advertising revenue and higher costs reduced core margins.
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