Reuters
30 Oct 2026, 11:22 UTC · 1h ago
Indian broadcaster Zee's profit falls as FIFA-related costs weigh
Impact · against what's priced in
ZEEL shares face downward pressure following a 38% plunge in quarterly profit. The decline is driven by high FIFA World Cup broadcast costs which have effectively negated gains from subscriber growth.
- ZEEL−0.60
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- In context
A 38% drop in quarterly profit reveals that FIFA-related broadcast costs are currently outweighing subscription growth, likely forcing a downward revision of EPS estimates.
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