At ‘Z’, the future isn’t something we wait for - it’s something we design.
We are sharpening our focus on high-growth segments, scalable platforms, and strategic content formats. With deeper insights, agile structures, and stronger governance, we’re ready to lead in a market that moves faster every day.
From regional storytelling to platform innovation, from powering new genres to expanding our reach, and from data-led decisions to new monetisation models, every move is aligned to a single objective - building a business that’s future-fit and opportunity-ready.
FY 2025 HIGHLIGHTS
The year in focus
Financial
₹82,941 mn
Operating revenue
14.4%
EBITDA margin
390 bps YoY
Viewers
16.8%
TV network share*
546 mn
Weekly reach of linear channels*
4.5+
ZEE5 app rating on Android Play store and iOS app store
~190 bn
YouTube views across all ZEE Music Company (ZMC) channels
*Source: BARC, 15+, India Urban
#Source: BARC: 52-week reach, India 2+ (U+R)
Environmental, Social and Governance (ESG)
18.6%
Women employees
100%
Full-time employees paid above minimum wages
93.8%
Women employee retention rate
100%
Offices assessed for health and safety and working conditions
‘Z’ achieved an ESG score of 44 in the 2024 S&P Corporate Sustainability Assessment (CSA) and places ‘Z’ among the top 10% of global peers in its sector.
REFRAMING THE CORE
STRONGER WITHIN. BOLDER AHEAD.
FY25 marked a pivotal year in ‘Z’s transformation journey. To move faster and scale smarter, we realigned our structure, sharpened governance, and strengthened our leadership muscle.
Now ranked in the
Top 10%
of global M&E players (S&P Global ESG Score 2024)
ESG Score improved from
28 to 44
FRAMING THE FUTURE OF CONTENT
STORIES THAT RESONATE. FORMATS THAT TRAVEL.
Content is at the core of ‘Z’s identity - and in FY25, we deepened our audience-first approach.
530 mn+
followers and subscribers on shortform video platforms
700K+
short-form videos published annual
11
native languages
30 mn+
active brand-content users
FRAMING REACH AND MONETISATION
EVERY SCREEN. EVERY VIEWER. ONE SEAMLESS JOURNEY.
As viewing habits evolve, ‘Z’ is expanding its reach across Free-to-Air television, Connected TV, FAST channels, and digital platforms. Our content travels to where the audience is - backed by platformagnostic distribution, tailored feeds, and partnerships that drive smarter visibility and performance.
Separate OTT feed for TV content
Partnerships with OEMs to drive platform placement
FAST channels powered by ‘Z’s expansive content library
FRAMING NEW FRONTIERS
BEYOND SCREENS. BEYOND FORMATS. BEYOND EXPECTATIONS.
Entertainment today is about more than consumption - it’s about experience. ‘Z’ is exploring bold new formats that push the boundaries of storytelling, audience connection, and monetisation. From podcasts and gamification to regional sports and branded IPs, we’re turning creativity into community and content into commerce.
Games and gamification formats under development
Original podcast content for digital-first audiences
Cultural and regional sports events gaining traction
CEO's Message
Transforming for the next era
DEAR SHAREHOLDERS,
Building for the future requires clear intention and sharp execution. This very thought has governed us during the year, as we focused on strengthening the business with discipline, resilience and a relentless focus on the consumer. I firmly believe that strategy is the bridge between vision and generating value; and we are taking concerted action in this direction to identify and capitalise on the emerging opportunities in a constantly evolving landscape.
Punit Goenka Chief Executive Officer ZEE Entertainment Enterprises Ltd.
BUSINESS SEGMENTS
Five Pillars. One Future.
Strength in every language
We bring the power of storytelling to every corner of the country through a diverse bouquet of 50 channels across 11 languages. With regional depth, strategic content investments, and leadership in key genres, ‘Z’ continues to strengthen its presence as one of India’s most widely watched TV networks.
FY25 HIGHLIGHTS
16.8%
Television network share
546 mn
Weekly reach*
137 bn
Weekly viewing minutes during FY25
4,900+
Total number of movie titles aired
viewership
25%
#1 Kannada GEC
#1 Odia GEC (4th year in a row)
#1 channel in Punjab/Chandigarh market
#1 Bangla GEC in Kolkata
#1 Telugu GEC in Hyderabad
*Source: BARC 15+ U
Taking Indian stories to the world
Z’s international business continues to evolve into a dynamic, multiplatform growth engine - bringing Indian storytelling to diverse audiences across geographies, languages, and cultures, while expanding its presence across both diaspora and local markets.
FY25 HIGHLIGHTS
470+ million
viewers across 120+ countries
41
dedicated channels across 5 global regions
#1 Hindi GEC in UAE (8th year)
FAST footprint
12 channels | 21 countries | 8 languages
#1 pay TV channel in South Africa
Zee World
#1 English-dubbed channel in Nigeria (5th year)
Top 3 FAST channel in 6 months
5
local IPs launched across Africa
Game on. Globally.
‘Z’ is taking a measured, strategic approach to sports by investing in scalable properties that blend entertainment, audience engagement and monetisation.
FY25 HIGHLIGHTS
Broadcast of ILT20 Season 3 across ‘Z’s TV network and ZEE5
Expanded reach across India, MENA and key international markets
Stories you live. Streaming you love.
Z’s digital arm continues to evolve as India’s largest homegrown streaming ecosystem - fuelled by deep cultural storytelling, smart technology and a sharp focus on monetisation and market leadership, both in India and globally.
FY25 HIGHLIGHTS
59
Shows and movies released during the year, including 20 originals
50%
reduction in EBITDA loss vs FY24
5
#1 South Asian streaming platform in key global markets
Breakout original titles: Mrs, Aindham Vedham, Despatch, Gyaarah Gyaarah
ZEE5 Kannada original outperformed theatrical blockbusters
ZeePlex expanded its TVOD library with high performing releases
All-time high syndication revenue
Cinema that connects, content that scales
At Zee Studios, our film production and distribution arm, storytelling is a strategic force - driving creativity, synergy and scale across film, television, digital, and music. Our films inspire, entertain, and power the broader entertainment ecosystem with every release.
FY25 HIGHLIGHTS
20
films released across 7 languages
0%
Released over 160+ movies so far
0%
Strategic alignment across broadcast, digital and music
Continued investment in co-productions and regional cinema
The sound of India, everywhere
We bring the power of storytelling to every corner of the country through a diverse bouquet of 50 channels across 11 languages. With regional depth, strategic content investments, and leadership in key genres, ‘Z’ continues to strengthen its presence as one of India’s most widely watched TV networks.
FY25 HIGHLIGHTS
14.7
million new subscribers added
5
Rights acquired: Hindi 47, Other Languages 57, Singles / Albums 593
5
ZMC (Hindi) awarded the prestigious YouTube Ruby Button, for being one of only two music channels globally to have surpassed 100 million subscribers
Healthy profitability sustained amidst industry shifts
Sustainability
Building a responsible future
‘Z’s sustainability journey in FY25 underscores its deep-rooted commitment to people, planet, and principles. The industry leading global ESG score coupled with national recognition and value chain integration forms the narratives of Sustainability at ‘Z’.
PEOPLE AND CULTURE
People at the core. Future in focus.
At ‘Z’, our people are more than employees - they are the architects of our creative excellence, innovation, and future-readiness.
ZEECADEMY FY25 HIGHLIGHTS
9.38 million
learning hours logged
75.1%
active learner engagement
93.9%
content completion rate
NPS:70
Avg. Content Rating:
4.9/5
CORPORATE SOCIAL RESPONSIBILITY
Building futures with purpose and empathy
At ‘Z’, we view corporate responsibility as a collective commitment to shaping a more equitable and inclusive future. Guided by principles of compassion, collaboration, and community, we support programmes that empower the most vulnerable, enable systemic change, and drive long-term social transformation.
Board of Directors
Leading from the front
MR. R. GOPALAN
Chairman
MR. UTTAM PRAKASH AGARWAL
Independent Director
MR. SHISHIR DESAI
Independent Director
DR. VENKATA RAMANA MURTHY PINISETTI
Independent Director
MS. DEEPU BANSAL
Independent Director
MS. DIVYA RUPCHAND KARANI
Independent Director
MR. SAURAV ADHIKARI
Non Executive, Non Independent
EXPERTISE
| Subject Matter Understanding | Strategy and Planning | Financial and Governance | International Business | Other Management Skills | |
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| R. Gopalan |  |
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| Deepu Bansal | |
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| Venkata Ramana Murthy Pinisetti | |
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| Shishir Babubhai Desai | |
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| Uttam Prakash Agarwal | |
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| Saurav Adhikari | |
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| Divya Rupchand Karani | |
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Awards & Recognition
Celebrating excellence across the network
Continuing its legacy of creative excellence, ‘Z’ was recognised across leading industry forums in FY25 for its standout content, marketing innovation, and regional impact.
BROADCASTER OF THE YEAR
REGIONAL BRILLIANCE RECOGNISED
ZEE TV: CONTENT AND MARKETING INNOVATION
Zee TELUGU
Zee KERALAM
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