Business
Interim results
Interim results.
About this update from Zoo Digital Group Plc
[{"type":"text","content":"\n \n \n 8 November 2022\n \n \n \n \n \n ZOO DIGITAL GROUP PLC\n \n \n (\"ZOO\" the \"Group\" or the \"Company\")\n \n \n \n \n \n \n \n INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2022\n \n \n \n \n \n Strong profitable growth with good cash conversion\n \n \n \n \n \n \n \n ZOO Digital Group plc (LON: ZOO), a world-leading provider of end-to-end cloud-based localisation and digital media services to the global entertainment industry, today announces its unaudited financial results for the six months ended 30 September 2022 (\"H1FY23\").\n \n \n \n \n \n \n HIGHLIGHTS\n \n \n \n \n \n \n \n \n Key Financials\n \n \n \n \n \n \n ·\n \n \n \n \n Revenues increased by 91% to $51.4 million (H1 FY22: $26.9 million) driven by strong growth in localisation and expansion of media services\n \n \n \n \n \n \n ·\n \n \n \n \n Adjusted EBITDA\n \n 1\n \n more than doubled to $7.3 million (H1 FY22: $2.4 million) reflecting strong operational gearing\n \n \n \n \n \n \n ·\n \n \n \n \n Maiden H1 profit before tax of $3.5 million (H1 FY22: loss of $1.5 million)\n \n \n \n \n \n \n ·\n \n \n \n \n EPS of 3.80 cents (H1 FY22: loss per share of 2.02 cents)\n \n \n \n \n \n \n ·\n \n \n \n \n Cash generated in the period of $4.9 million, operating cash conversion of 106%2\n \n \n \n \n \n \n ·\n \n \n \n \n Strong balance sheet with cash at period end of $10.8 million (H1 FY22: $8.2 million)\n \n \n \n \n \n \n \n \n \n Operational Highlights\n \n \n \n \n \n \n ·\n \n \n \n \n Localisation grew 150% to $32.3 million due to the high proportion of new titles processed, with subtitling doubling in the period and dubbing increasing fourfold\n \n \n \n \n \n \n ·\n \n \n \n \n Media services revenues grew by 39% to $18.2 million due to a high volume of work in preparing predominantly new titles for release on streaming platforms\n \n \n \n \n \n \n ·\n \n \n \n \n Freelancer network grew by 27% to 12,343 (H1 FY22: 9,752)\n \n \n \n \n \n \n ·\n \n \n \n \n The mastering service processed significantly greater volumes than the prior year with further expansion planned\n \n \n \n \n \n \n ·\n \n \n \n \n International operations performing well with India and South Korea now fully integrated\n \n \n \n \n \n \n ·\n \n \n \n \n Continued investment in R&D with headcount increased by 32% and expen...