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.
