Zinc Media reports record year for revenue and profit growth in FY23 results

Zinc Media Group plc (AIM: ZIN), the award-winning television and content production group, has announced its audited results for the year ended 31 December 2023.

The Group is pleased to report a strong set of results with a record year for revenue and profit growth for FY23, including the following highlights:

Financial Highlights

•     Full year revenue increased by 34% to £40.2m (FY22: £30.1m), ahead of market expectations.

o  Revenue growth was driven by 19% organic growth in television revenues of £3.9m alongside a full year contribution of The Edge which was acquired in August 2022.

o  The Group has significantly outperformed the UK television production sector with revenues growing by £23m in two years, a compound annual growth rate (CAGR) of 52%.

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