Business
Final Results for the year ended 31 March 2023
Final Results for the year ended 31 March 2023.
About this update from Zoo Digital Group Plc
[{"type":"text","content":"\n\n10 August 2023\nZOO DIGITAL GROUP PLC\n(\"ZOO\" the \"Group\" or the \"Company\")\n FINAL RESULTS FOR THE YEAR ENDED 31 MARCH 2023\nFourth successive year of strong revenue growth with improved margins and profitability \nZOO Digital Group plc (AIM: ZOO), the leading provider of end-to-end (\"E2E\") cloud-based localisation and media services to the global entertainment industry, today announces its audited financial results for the year ended 31 March 2023.\n \nHIGHLIGHTS\n\nKey Financials\n· Revenue grew by 28% to $90.3 million (FY22: $70.4 million).\no 3% of sales were from newly acquired operations.\n· Adjusted EBITDA* grew to $15.5 million (FY22 restated: $7.1 million).\no EBITDA* margin increased to 17.1% (FY22 restated: 10.0%).\n· Operating profit has quadrupled to $8.1 million (FY22 restated: $1.9 million).\n· Reported profit before tax of $7.9 million (FY22 loss restated: $0.2 million).\n· Net cash generated from operations up 197% to $15.5 million (FY22: $5.2 million).\n· Net cash at year-end of $11.8 million (FY22: $6.0 million).\n \n* Adjusted for share-based payments\n \nOperational Highlights\n· ZOO selected as a key vendor by a second major content producer with ZOOstudio adopted to support its content localisation across vendors. \n· Media localisation segment sales grew by 34% to $56.6 million (FY22: $42.2 million) - subtitling increased by 15% and dubbing by 73%.\n· Media services grew by 22% to $32.1 million (FY22: $26.4 million).\n· Worldwide freelancer network grew by 4% to 11,467 (FY22: 11,028).\n· Leading standard of customer satisfaction maintained - retained sales KPI was 98.5% (FY22: 97.6%).\n· Strong progress in global growth initiative with further investments across hubs in India, South Korea, Denmark and Spain.\n \nBroader Market Highlights\n· Global content investment totalled $238 billion in 2022 and is forecast to reach $242 billion in 2023.\n· &nb...