ZEEL Q4 FY26 Guidance vs Delivery (ZEEL Management Mirror)

Digital Business & ZEE5

Management expects continued digital revenue momentum and positive unit economics over the medium term, targeting a balanced 50/50 mix between advertising and subscription revenues while keeping content investments optimized to avoid materially impacting EBITDA margins. This builds upon the Sep'25 and Dec'25 quarters, where management firmly targeted achieving ZEE5 breakeven by the end of the Mar'26 quarter, aided by language-specific pricing strategies and accelerated growth expectations. [Status: Reaffirmed]