Zee Entertainment Enterprises yesterday reported a 48.3 per cent decline in its consolidated profit to Rs 74.3 crore for the June quarter of FY27.

It had logged a net profit of Rs 143.7 crore in the April-June period a year ago, according to a regulatory filing from Zee Entertainment Enterprises Ltd (ZEEL).

However, according to a PTI report yesterday, its total income increased 4.8 per cent to Rs 1,938.5 crore in the June quarter of FY27. It was Rs 1,849.8 crore in the corresponding quarter of the last fiscal year.

Zee’s total expenses grew 12.8 per cent to Rs 1,864.4 crore in the June quarter. It was Rs 1,652.7 crore in the first quarter of FY27.

Meanwhile, the Zee statement on its quarterly financials admitted that pickup in subscription revenues was offset by weak ad environment.

Domestic advertising revenue was impacted due to the Middle East crisis and cricket in Q1, the company said, adding overall revenue was down 11 percent YoY.

The company said there was some recovery in June with the acquisition of FIFA soccer digital and broadcasting rights, adding that 73 percent of Indians felt  “highly positive about Z as a brand” for bringing the FIFA World Cup 2026 to viewers in India.

But there was an increase in programming expenses on account of FIFA 2026 and expanded content offering across platforms.

It said that growth in studios business was driven by other-language movies like ‘Tumbad Chi Manjula’ and ‘Rakaasa’.

Zee’s international revenue breakup is as follows: Q1 FY27 advertising revenue clocked Rs 460 million; subscription revenue stood at Rs 1,035 million and other sales & services stood at Rs 155 million.