Mumbai: Zee Media Corporation has announced its fourth quarter and yearly results for the financial year ended 31 March 2022. The company reported audited consolidated revenues of Rs 866.86 crore for FY 2022 as compared to FY 2021, which was at Rs 649.07 crore. The company witnessed 33.6 percent growth during the same period.

The network incurred expenditure of Rs 613.2 crore and its operating revenue stood at Rs 247.73 crore up by 35.4 per cent as compared to the corresponding quarter FY 2021. The company’s operating expenditure stood at Rs 189.13 crore up by 54.1 per cent year-on-year (YoY). The company’s earnings before interest, tax, depreciation and amortization (EBIDTA) stood at Rs 58.60 crore during the Q4 FY 2022.

The company’s advertising revenue for the quarter stood at Rs 237.1 crore up by 39.4 per cent and subscription revenue stood at Rs 9.2 crore. Its advertising revenue for the year stood at Rs 822.6 crore up by 36.4 per cent and subscription revenue stood at Rs 38.49 crore.

After including exceptional items, Zee Media reported loss of Rs 51.45 crore for the quarter and consolidated loss of Rs 117.72 crore for the year ended 31 March 2022.

Zee Media operates 14 TV news channels including four national, nine regional languages and one global. It also operates four digital channels and 17 digital properties.