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Zee CEO reaffirms revenue, margin targets at AGM

Highlighting Zee5 as a key growth driver, Goenka said that "peak investments" into the digital platform had been done and that quarterly losses pertaining to Zee5 were reducing.
At the 77th Annual General Meeting (AGM) of Zee Entertainment Enterprises Ltd (ZEEL), CEO Punit Goenka reaffirmed the company's commitment to achieving its revenue and margin targets. Despite facing challenges such as a failed merger with Sony and ongoing legal issues, Goenka expressed confidence in ZEEL's strategic initiatives aimed at enhancing growth and profitability. He highlighted the company's focus on cost optimization, content innovation, and expanding its digital presence. Goenka also mentioned that ZEEL is on track to meet its fiscal year targets, emphasizing the importance of maintaining a robust content pipeline and leveraging technology to improve viewer engagement and advertising revenues. The CEO's comments were intended to reassure shareholders of the company's resilience and strategic direction amidst a complex business environment.

Read the Full The Financial Express Article at [ https://www.financialexpress.com/business/industry-zee-ceo-reaffirms-revenue-margin-targets-at-agm-3679631/ ]