Zee5’s digital business reached breakeven in the previous fiscal year, delivering 53% year-on-year growth in FY26, Zee CEO Punit Goenka said during the company’s Q4 FY26 earnings call. The platform was operationally profitable for the second consecutive quarter, marking a significant milestone for the streaming service.
The company’s CFO Mukund Galgali highlighted that subscription revenues grew 4% year-on-year, driven primarily by the digital segment. Zee5 has also been investing in complementary areas like VFX and micro-drama content to enhance its entertainment offerings. The micro-drama app Bullet, launched in partnership with a content startup in June 2025, continues to gain traction by gamifying the viewing experience with short-form content, according to the CFO.
Zee’s strategic investments in back-end businesses such as VFX align with broader industry trends where content creation and technology integration are becoming vital. Goenka noted that these investments are similar to earlier moves into music and studio businesses, reflecting the evolving entertainment landscape. This approach positions Zee5 to compete with other OTT platforms expanding into niche content formats, such as JioHotstar’s micro-drama section introduced during the IPL season.
Zee’s Q4 FY26 earnings call transcript, available on medianama.com, provides detailed insights into the company’s digital business performance and strategic direction, underscoring its transition to operational profitability and growth in subscription revenues.