Mumbai: Zee Entertainment Enterprises slipped into a net loss in the March quarter and fell short of its FY26 profitability target as weak advertising demand, higher investments in growth businesses and one-time accounting charges weighed on earnings.
The broadcaster reported a consolidated net loss of ₹104 crore for the quarter ended March 31, compared with a profit of ₹188 crore a year earlier, largely due to changes in estimates for movie rights inventory amortisation and additional impairment charges recognised during the quarter.
For FY26, Zee posted an adjusted EBITDA margin of 9.3%, sharply below its earlier guidance of 18-20%, reflecting pressure from a weak advertising environment, elevated investments in growth initiatives and one-time accounting changes. Adjusted EBITDA for the March quarter fell 51% year-on-year to ₹140 crore, with margins contracting to 6.9%.
