Zoo Digital Group PLC another extremely successful year

Stuart Green, CEO of ZOO Digital, commented,

“This has been another extremely successful year for the Group, delivering considerable revenue growth while expanding our offering. It is clear that we are operating in a market which is right for our approach, where our technological innovation can facilitate greater scalability for all of our client groups.

“ZOO is increasingly viewed as a significant player in the media localisation market, and with the introduction of dubbing we have achieved a key milestone on our journey towards becoming a one stop shop for all media localisation and digital packaging services across all languages. Through the development of our innovative technology, we are facilitating the ongoing disruption and growth of the digital entertainment market and we will continue to invest in innovation, quality and security to ensure we remain at the forefront of our industry.

“Our sales pipeline continues to grow across our offerings, both from existing and new customers, giving us confidence in achieving on-going organic growth. With a strengthened balance sheet, enlarged commercial team and augmented offering, we look to the future with confidence.”

ZOO Digital Group plc (LON:ZOO) , the provider of cloud-based localisation and digital distribution services for the global entertainment industry, today announced its audited financial results for the year ended 31 March 2018.

HIGHLIGHTS

Key Financials

· Revenue increased by 73% to $28.6 million (2017: $16.5 million)

· Adjusted EBITDA* increased by 35% to $2.4 million (2017: $1.8 million)

· Operating profit increased to $0.6m (2017: $0.5m)

· Reported Loss Before Tax of $5.0m (2017: profit $0.5m)

· Adjusted Profit Before Tax† increased to $0.5 million (2017: loss of $0.1 million)

Operational highlights

· Growing adoption and demand for subtitling services, with revenue almost doubling in the year

· Successful launch of industry’s first cloud-based dubbing service, with good uptake from existing and new customers

· Growing international network of over 4,000 international freelancers and 8 affiliates across 10 locations

· Ongoing supportive market dynamics, with the increase in digital entertainment content and expansion of distribution channels driving a growing demand for high quality and scalable content localisation and digital packaging services

* Adjusted for share-based payments

† Adjusted for share-based payments, exchange loss/gain on borrowings, conversion of loan into equity and finance cost of embedded derivative

Copies of the Report and Accounts for the year ended 31 March 2018 are available to view on the Group’s website www.zoodigital.com.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Zoo Digital Group Plc

    More articles like this

    Zoo Digital Group Plc

    ZOO Digital Group plc well below expectations

    ZOO Digital Group plc (LON: ZOO), the provider of cloud-based localisation and digital distribution services for the global entertainment industry, provided today an update on current trading for the year ending 31 March 2019. Although trading in

    Zoo Digital Group Plc

    AIM Awards 2018 – Best Performing Share Award

    Zoo Digital Group plc (LON:ZOO) have won the Best Performing Share Award at the AIM Awards 2018. Each year the AIM ‘club’ gathers to celebrate outstanding achievement on the world’s most successful growth market. Sponsored by PwC, the

    Zoo Digital Group Plc

    NFC is Magic – Celebrating Ada Lovelace Day 2018

    Zoo Digital is extremely proud to sponsor the Sheffield Women In Tech ‘NFC is Magic’ event taking place this evening! The Sheffield get together will be celebrating the achievements of WomenInTech and helping to inspire a future

    Zoo Digital Group Plc

    Meet the ZOO Localization Network

    ZOO’s global network of freelancers – connected by awesome cloud technology – is able to work any time, anywhere around the world localizing the worlds most sought-after TV and movie content. To show our appreciation for these loyal

    Zoo Digital Group Plc

    Progessive Equity Research: Zoo Digital Group plc

    ZOO Digital Group plc (LON:ZOO) released its AGM statement today highlighting continued positive momentum within the Group.  The Group expects to meet FY2019E expectations driven by the increasing success of its cloud-based dubbing service, its expanded

    Zoo Digital Group Plc

    ZOO Digital Group plc Expect H1 Revenues at least 17% higher YOY

    ZOO Digital Group plc (LON:ZOO), the provider of cloud-based localisation and digital distribution services for the global entertainment industry, will be holding its Annual General Meeting (AGM) at 4.00pm today. At the meeting, Roger Jeynes, Chairman,

    Zoo Digital Group Plc

    Fun run at IBC raises over $65k for charity

    Money raised by the 4K 4Charity Fun Run will go to organisations focused on increasing diversity and inclusion in media and entertainment industry The 4K 4Charity Fun Run held at IBC on Saturday raised $65,635 in

    Zoo Digital Group Plc

    Zoo Digital shows “world’s first” cloud dubbing service

    Localisation company Zoo Digital (LON:ZOO) used IBC 2018 for the European launch of two of its in-house developed products, Cloud Dubbing and Delta. The Cloud Dubbing platform is an online recording studio, enabling directors to manage,

    Zoo Digital Group Plc

    ZOO Digital’s IBC in Numbers

    From the eye-watering amount of coffee consumed throughout the show to Team ZOO’s minty-fresh must-haves, take a look at all the super-important numbers ahead of IBC 2018.   ZOO Digital (LON:ZOO) is a provider of services

    Zoo Digital Group Plc

    Mazin to tackle 4K 4Charity at IBC 2018

    With only the tiniest amount of arm-twisting, ZOO Digital (LON:ZOO) biz dev director, Mazin Al-Jumaili, has emphatically volunteered to join the 4K 4Charity Fun Run at IBC 2018 in aid of two worthy charities – Stichting

    Zoo Digital Group Plc

    A game changer for dubbing

    ZOO Digital (LON:ZOO) cloud dubbing service opens up more choice for content owners Thanks to the boom in the popularity of OTT services, feature films and TV series are being delivered to more platforms and localised

    Zoo Digital Group Plc

    Zoo Digital brings Delta version control technology to Europe

    ZOO Digital (LON:ZOO) has developed new technology to identify dialogue changes in different proxies of TV and movie content to speed up the dubbing and subtitling process. The version control technology, dubbed Delta, automatically tracks dialogue

    Zoo Digital Group Plc

    ZOO Digital Releases New Security Feature

    ZOO Digital will demonstrate a new security feature that incorporates machine learning and facial recognition at IBC2018. The feature is an industry first and will address a major security risk by automatically obscuring video streams in