Analysts/Institutional Investor Meet/Con. Call Updates

October 30, 2026 The Listing Department, The Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort Bandra-Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai- 400 051 BSE Scrip Code Equity: 505537 NSE Symbol: ZEEL EQ Dear Sir / Madam, Sub: Earning Release In compliance with the relevant provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Earning Release on the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. Kindly take the above on record. Thanking you, Yours faithfully, For Zee Entertainment Enterprises Limited Punit Goenka Chief Executive Officer Encl: As above Earnings Update for Q2 FY27 30 October 2026 Zee Entertainment Enterprises Limited Disclaimer Safe Harbor Statement: This Release/Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions or variations of these expressions or negatives of these terms indicating future performance or results, financial or otherwise, which are forward looking statements. These forward looking statements are based on certain expectations, assumptions, anticipated developments and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, market growth, intense competition and the pricing environment in the market, consumption level, ability to maintain and manage key customer relationship and supply chain sources and those factors which may affect our ability to implement business strategies successfully, namely changes in regulatory environments, political instability, change in international oil prices and input costs and new or changed priorities of the trade. The Company, therefore, cannot guarantee that the forward-looking statements made herein shall be realized. The Company, based on changes as stated above, may alter, amend, modify or make necessary corrective changes in any manner to any such forward looking statement contained herein or make written or oral forward-looking statements as may be required from time to time on the basis of subsequent developments and events. The Company does not undertake any obligation to update forward looking statements that may be made from time to time by or on behalf of the Company to reflect the events or circumstances after the date hereof. This document should be read in conjunction with the published financial results. Certain analysis undertaken and represented in this document may constitute an estimate or interpretation and may differ from the actual underlying results. Use of Operating Metrics: The operating metrics reported in this presentation are calculated using internal company data. While these numbers are based on what we believe to be reasonable estimates for the applicable period of measurement, there are some inherent challenges in these measurements. The methodologies used to measure these metrics are susceptible to source issues, calculation or other technical errors. We regularly review our processes for calculating these metrics, and from time to time we may discover inconsistencies in our metrics or may make adjustments to improve their accuracy, which can result in adjustments to previously disclosed metrics. In addition, our metrics will differ from estimates published by third parties due to differences in methodology. Zee Entertainment Enterprises Limited 2 Q2 FY27 Key Performance Highlights Continue to invest in new strategic initiatives Maintaining healthy balance sheet Rs 25.7 Bn Rs 22,246 Mn 3.2% 1.6x Q2 FY27 Operating Revenue; Cash and Cash EBITDA Margin; Up 13% YoY Q2 FY27 EBITDA of Rs 708 Mn Equivalent as of Sept’26 FCF/ PAT in FY26 ‘Z’ Network gains share across Hindi and ‘Z’ Digital business growth momentum continues other language markets 20% 101% 416 Mn 34 Shows and Movies ZEE5 YoY Revenue Growth; Week 24 All India TV Network Share; ZEE5 Q2 FY27 EBITDA (Incl. 9 Originals) Q2 FY27 Revenue Rs 6,260 Mn Released in Q2 FY27 Viewership Share: BARC, All 15+ Yrs, (U) Zee Entertainment Enterprises Limited ZEE5 Revenue and EBITDA includes Zee’s other digital businesses 3 FIFA 2026 Aided Digital Revenue Growth; Continues to Remain Fastest Growing Vertical ➢ Stable usage and engagement metrics during the quarter Q2 FY27 revenues up Key 101% YoY Highlights ➢ 34 shows and movies released during the quarter including 9 originals Total Revenue (Rs Mn) ➢ Sustained positive unit economics driven by growth and operating leverage 6,260 4,700 4,571 4,180 3,108 Q2 FY27 Impact Releases Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q3 FY27 Slate -84* -312 Delivered positive EBITDA after adjusting for the change in EBITDA** (Rs Mn) movies rights estimates Business delivered positive EBITDA *Includes the change in estimates of movie rights inventory amortisation pattern Zee Entertainment Enterprises Limited **EBITDA excludes costs incurred by the business on ZEEL network; 4 ZEE5 Revenue and EBITDA includes Zee’s other digital businesses ‘Z’ to Showcase Key FIFA Events for 8 Consecutive Years -2026 to 2034 FIFA Viewership on ‘Z’ Network Breaks Previous Record ~50 Bn 83% 400+ Mn growth Watch Time FIFA watch Reach (Mins) across time from LIVE (Live + Non- Live) platforms matches on Z5 24M 33M Social Social Mentions Mentions Of Indian feel highly positive about ‘Z’ as a brand for bringing the FIFA World Cup 2026 to Viewers in India Source: Meltwater Zee Entertainment Enterprises Limited 5 r/IndianTellyTalk - Hot take: Zee 5 has a better UI than JioHotstar Zee Entertainment Enterprises Limited 6 ‘Z’ Network Achieves Highest Viewership Share in Over 7 years in Week 24 of 2026 Industry TV Reach and Impressions ‘Z’ Network Share Weekly Reach (mn) Weekly Impressions (bn) 20.0% 17.9% 17.4% 17.4% 749 732 732 28.8 16.8% 17.1% 16.8% 16.8% 27.1 26.7 Total TV viewership remains stable FY23 FY24 FY25 FY26 Q1 FY26 Q4 FY26 Q1 FY27 Week 24 Q2 FY26 Q1 FY27 Week 24 Q2 FY26 Q1 FY27 Week 24 All 15+ (U) Key Launches in Q2 FY27 Invest & Grow Viewership Focus: Zee TV, Zee Marathi and Zee Tamil Strengthen & Monetize Sa Re Ga Ma Pa Dilon Ki Ram Leela Home Minister Monetization Focus: (Zee TV) (Zee TV) (Zee Marathi) Zee Kannada, Zee Bangla, Zee Sarthak, Zee Punjabi, Zee Telugu & Hindi movies/ Cinema Dadagiri Unlimited S11 Halli Power Reloaded Samanthi (Zee Sarthak) (Zee Kannada) (Zee Tamil) TV reach & Impression Source: BARC, All India 2+ Yrs, (U + R); Q1FY27 till 2026 Week 24 Zee Entertainment Enterprises Limited Impression is defined as the total human-minutes of viewing of content, averaged per minute across total duration. 7 : 1 Hindi and 5 Other Language Movies Released During Q2 FY27 Distributed by Distributed by Distributed by Hindi Zee Studios Zee Studios Zee Studios Other Movies Language Movies Distributed by Zee Studios Produced & Distributed by Produced & Distributed by Zee Studios Zee Studios Zee Entertainment Enterprises Limited 8 Distributed by Produced & Distributed by Distributed by Distributed by Zee Studios Zee Studios Zee Studios Zee Studios : Music Label with ~179 Mn Subscribers on YouTube Q2 FY27 Key Catalogue Additions All ZMC YouTube Channels Video Views & Subscribers Count 177 179 Q2 FY26 Q1 FY27 Q2 FY27 Total Subs count (Mn) Total Video Views during the Quarter (Bn) Language Wise Songs Released in Q2 FY27 Zee Music Company added over 1.6 Mn subscribers during quarter on back of new age catalogue Bhojpuri, 10% Hindi & Punjabi, Marathi, 4% Other Singles / Hindi Telugu, 13% Rights Languages Albums Acquired Q2 FY27 Bengali, 2% 9 12 73 Tamil, 9% Others, 36% Zee Entertainment Enterprises Limited 9 Key ESG Highlights: S&P Global ESG Score Placed us in the 9 [Showing first 8,000 characters — download PDF for full document]