Zee Entertainment is among the brighter stars today morning. The stock price rose over 4% to Rs.475.90, with volumes showing a surge of 3.5 times. It has come off this inra day high since then but continues to hover in the green.
The company has posted good numbers for Q3GY19. Its net profit for the quarter rose by a good 50% (YoY) at Rs.562 crore, going on to beat all estimates. This net profit was on a 18% jump in revenue at Rs.2167 crore.
The company’s EBITDA rose 43% at Rs.792 crore and operating margin better from 30.1% to 36.6%.
Its monthly active users surged 36 (QoQ) to 56.3 million. Its advertising revenue rose 22% (YoY) while overall subscription was up 23%.