ZEE profit sinks 40% YoY in Q2, but revenue rises on FIFA subscription growth
Zee Entertainment moved higher in a quarterly results development with September 30 in focus.
· ET Stocks, Economic Times Markets
Zee Entertainment Enterprises faced a sharp drop in consolidated net profit for the quarter ending September 30, 2026, despite a 13% rise in operating revenue to ₹2,225 crore, spurred by FIFA World Cup-related subscriptions. Total costs surged by 18%, largely due to inflated programming and promotional expenses.
Key facts
- Dates in focus
- September 30
The analysis
Zee Entertainment reported ₹2,225 crore, with movement of 40%, 13% and 18% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -5.8% on the day at ₹66.40, and has returned -40.8% over three months. It sits 43% below its 52-week high, which means a good deal of bad news was already in the price. The telecom & media sector has moved +0.9% over the same period, so Zee Entertainment is running 41.7 points behind its peers.
For Zee Entertainment, the question is how much of this is already reflected in the price and how much re-rates the telecom & media peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Zee Entertainment (ZEEL), in Telecom & Media.
- Over three months: Zee Entertainment -40.8% against Telecom & Media +0.9% (41.7 points behind).
- At least 25% below the 52-week high: Zee Entertainment (43%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Zee EntertainmentZEEL · Telecom & Media | ₹66.40 | -5.8% | -10.8% | -40.8% | -42.6% | 0.7× | — |
Telecom & Media
1M -0.2% · 3M +0.9%
Zee Entertainment
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Zee Entertainment Q2 profit drops 40% to Rs 46 crore as EBITDA margin contracts to 3.2%
Zee Ent's consolidated net profit down 37.5% in Q2 on lower margins
Airtel Africa Q2 profit rises 16% to $254 million, revenue up 26%
Jio posts about 14% profit rise in first results since blockbuster debut
Jio Platforms shares to be available under MTF from Day 1. What should investors know?