Factual content powerhouse Zinc Media Group has announced its best revenues for ten years, driven by “substantial growth” across all 12 of its businesses.
According to its annual results for 2022, published today, the company’s overall revenues hit £30.1m for the year. Organic revenues were particularly strong, up 39 per cent year-on-year, with the group confirming a strong EBITDA profit performance of £0.7m during the second half of the year, along with the successful acquisition of The Edge Picture Company, announced in August following a three-year period of significant investment in growing the business.
Other highlights of the past year highlighted in the report include Zinc’s new businesses launched since 2020, which include Bargain Loving Brits Producer Red Sauce, live and multi-camera event specialist Supercollider, Rex and Bumblebee Post growing by 97 per cent year-on-year to nearly £9 million in 2022, established businesses such as Brook Lapping, Tern TV and ZC Publishing growing 20 per cent in the year, second half revenues increasing by 83 per cent year-on-year to £19.2m and approximately 80 per cent of revenue being delivered from existing customers, up from 69 per cent in 2021.
Zinc, which has offices in Manchester and Macclesfield, also reported strong performance from The Edge, post acquisition, in a record year which saw highly-acclaimed documentaries such as Putin vs The West, Tom Daley: Illegal To Be Me and Afghanistan: Getting out driving audiences, while the likes of Space Jump for Red Bull, Naughty Tories for Channel 5, Martin Compston’s Scottish Fling for BBC, Spooked Ireland for Really and Sunday Morning Live for the BBC also perform well.
Mark Browning, CEO, Zinc Media Group, said: “In 2022 we set out a strategy built on strong organic growth, supported by selective acquisitions, and this has been successfully delivered. The group has continued to invest in talent and new business opportunities which are resulting in lots of new work. It’s an incredibly exciting time for the Group.”
2023 is already looking solid for the group, with Red Sauce securing Zinc’s largest ever volume commission, 136 hours of Bargain Loving Brits for Channel 5, a new global distribution agreement with BBC Studios, solid figures for Brook Lapping’s Bowelbabe: In Her Own Words, recently broadcast on BBC Two and detailing the last extraordinary five years of cancer campaigner Dame Deborah James, and the international accolade of winning Production Company of the Year at New York Festivals TV And Film Awards 2023 already in the can.
