EBITDA declined 54% to Rs 146.4 crore in Q2 FY26 compared with Rs 321 crore in Q2 FY25. EBITDA margin contracted to 7.4% in Q2 FY26 as against 16% in Q2 FY25.

For the quarter, advertising revenue was Rs 806.3 crore (down 10.58% YoY), subscription revenue stood at Rs 901.7 crore (up 5.47% YoY), and revenue from other sales & services grew 8.37% YoY to Rs 139.9 crore. Domestic advertising revenue fell 12% YoY, reflecting a slowdown in FMCG spending.

Zee Entertainment Enterprises (ZEEL) is a media & entertainment company offering entertainment content to diverse audiences. It is present across broadcasting, movies, music, digital, live entertainment, and theater businesses, both within India and overseas.

Shares of Zee Entertainment Enterprises shed 0.55% to close at Rs 109.35 on the BSE.