ZOO digital: Powering ahead to US$100m revenue target

7th July 2022

ZOO Digital Group, the provider of ‘dubs and subs’ to the global entertainment industry, has released financial results for the year ended 31 March 2022. Organic revenue growth motored ahead to US$70.4m, up 78% on last year, marking a significant leap towards the group’s medium term revenue target of $100m. Cash at the year end was up to $6m, boosted by the completion of a $10.1m placing completed in April last year. EBITDA grew to $8.3m (2021: $4.5m) whilst EBITDA margins increased to 11.8%.

CEO Stuart Green commented:

“These results reflect an outstanding year of operational delivery and growth across the whole business. ZOO is taking market share in a growing market, benefitting from our cloud-based platforms, extensive freelancer network and embedded client relationships. With our global scale and end-to-end offering, we are one of the few vendors capable of meeting the requirements of major media companies to take their content to international audiences.

“The streaming market continues to evolve as media companies invest billions of dollars in content to capture and entertain international audiences. We are scaling ZOO’s operations to match continuing growing demand. During the year, we introduced new services such as mastering and expanded our presence in some of the fastest-growing regions for our customers, particularly across Asia. These are strategic investments that strengthen our operations in some of the most exciting territories for content expansion and will support our ambitious growth plans.

“We are excited about the scale of the opportunity ahead and confident of delivering further profitable growth.”

In the TV interview below CEO Stuart Green provides an overview of the 12 months to 31 March 2022 and an outlook for the group