Sheffield’s Zoo Digital has reported a near-third surge in revenue and a return to EBITDA profit in its HY results as the shock of last year’s Hollywood strikes subsides.
The listed content localisation specialist reported a revenues rise of 29 per cent to $27.6m, from $21.4m, and an adjusted EBITDA profit of $1.6m for the six months ended 30 September 2024, compared to a loss of $7.1m in the same period of 2023.
During the same period, the company also reduced salary costs by $4.5m to $13.5m and established Zoo Italy with the launch of operations in Milan, while its India production centres are now fully functional.
Stuart Green, chief executive at Zoo Digital, said: “These results demonstrate that Zoo is recovering well from the impact of the Hollywood strikes and aligning with our customers’ evolving content strategies. Taking action to deliver efficiencies, including relocating some operations to India; embracing innovations such as Artificial Intelligence; and the pursuit of opportunities in new regions, have seen Zoo become a more agile and efficient business, ready for the next chapter of our growth story.
“As we approach a new year, investments in scalable technology and global talent have enabled us to expand our service offerings, and partnerships with leading content creators and distributors have strengthened, underscoring our position as a trusted partner in the media and entertainment industry.
“We remain focused on driving innovation, operational excellence and efficiency in an evolving digital landscape which should position Zoo well to return to cash breakeven as our industry recovers.”
