Zinc Media Group (LON:ZIN) CEO Mark Browning joins DirectorsTalk Interviews to discuss a strong trading update published this week.
Mark talks us through the highlights including a reported 30% revenue increase for FY23, reaching around £40 million, largely driven by organic growth within its TV business. This growth is notable against the backdrop of a declining television market. Adjusted EBITDA is expected to hit a record £1 million for the year, attributed to investments in television labels and operational gearing benefits. Mark also highlights the company’s strategy of diversifying its production revenue base across various genres, price points, and platforms. How the acquisition of The Edge Picture Company is performing and contributing to Zinc’s diversified portfolio. Despite a challenging market, Zinc Media has secured £17 million in revenue for FY24 and remains optimistic about its growth and market position.
