12th Aug 2025 12:13
(Alliance News) - Zoo Digital Group PLC on Tuesday reported a double-digit growth in revenue during its most recent financial year, driven by a rebound in dubbing work.
The Sheffield, England-based digital media service said its pretax loss narrowed to USD8.3 million for the year that ended March 31, from a USD20.4 million loss the year before.
Revenue grew 22% to USD49.6 million from USD40.6 million, while cost of sales was reduced by 11% to USD31.5 million from USD35.2 million.
"Our performance was driven primarily by media localisation in H1 as dubbing work rebounded from its standstill during the strikes, to clear a backlog of orders," Zoo Digital said.
Shares in Zoo Digital were up 2.3% at 13.56 pence in London on Tuesday morning. The stock remains down 74% over the past year, however.
Zoo Digital swung to adjusted earnings before interest, tax, depreciation and amortisation of USD1.1 million, from a USD13.6 million loss a year earlier.
"As a trusted partner, with a technology-enabled, end-to-end model, we can build solutions for customers' specific needs. Our new Fast Track service, tailored for localising live and near-live content, has been well received and although revenue is modest at this stage, the board is encouraged by the potential growth opportunity this presents the group as we seek to increase our share of spend by several global streamers over the longer term," said Chief Executive Officer Stuart Green.
"Today we believe most media companies are operating profitable streaming platforms, supported by new content formats and monetisation models. We enter FY26 better positioned to navigate this environment and capture profitable revenue opportunities as the market continues to evolve."
Zoo Digital said current reduced demand for dubbing has led to an 18% on-year decline in revenue for the first quarter of financial 2026. Service lines excluding dubbing, however, has resulted in three consecutive quarters of revenue growth, the firm said.
Continuing cost reductions have resulted in an Ebitda profit for the first quarter after restructuring costs were in line with management expectations, Zoo Digital added.
By Emily Parsons, Alliance News reporter
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