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 service offering, world-wide operational capabilities and robust global market demand for localisation services. We leave our estimates unchanged ahead of seeing the detail of the interim results due on the 6th November.

▪ The Group highlighted that overall trading has been in line with market expectations with 1H19 revenue expected to be at least 17% higher than 1H18 ($12.7m) implying c.$15m of revenue against our FY19E revenue estimate of $33m. The main driver of 1H19 revenue growth was the Group’s cloud-based dubbing service. The significant y/y group revenue growth delivered was despite the absorption of a temporary disruption in the subtitling supply chain that ZOO and other localisation providers experienced due to a change in the accreditation programme by a major OTT operator. Subtitling activity has since returned to normal and the Group expects to benefit from the changes in the future.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Share on facebook
    Facebook
    Share on twitter
    Twitter
    Share on linkedin
    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 the second

    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 Awards identify

    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 generation of

    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 linguists, we’ve

    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, will make

    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 donations this

    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, schedule and

    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 allowing TV