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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Zoo Digital Group Plc | ZOO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 36.50 | 07:30:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 36.50 | 36.50 | 36.50 | 36.50 | 36.50 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 27/4/2024 10:30 by z1co MIDAS SHARE TIPS UPDATE: Zoo Digital proves perfect sequel to Netflix: Firm helps streaming giant translate shows into dozens of languagesBy JOANNE HART, FINANCIAL MAIL ON SUNDAY UPDATED: 12:16, 25 October 2022 Netflix has had a rollercoaster year. Having been an American stock market darling, the stock tumbled when subscription rates went into reverse in early 2022. Now, they are on the rise again. Last week, the firm reported a record 223million paid subscribers with several million more expected to sign up before the year end. Once, Netflix was the only streaming service in town. Today, competition is fierce, as Disney+, Apple TV+, Amazon Prime and a host of others battle for viewers' wallets. Increasingly, they do so by producing their own shows, hits such as Squid Game or Ted Lasso, only available on the network that created them, but streamed to subscribers around the world. Zoo Digital helps to make it all happen. The firm has pioneered a way of using software to allow films and series to be translated into dozens of different languages, so audiences from Kathmandu to Sao Paulo can watch whatever they fancy in their local tongue. Chief executive Stuart Green has amassed a network of 10,000 freelance language specialists, including subtitle creators, dubbing experts, voice actors and directors. Using Zoo's kit, they can work from home, with just a computer, internet connection and, in the case of actors, basic recording equipment. The ease of the process – and the quality of the work – have allowed Sheffield-based Zoo to build relationships with all the streaming giants, including Disney+, which is behind the unexpectedly popular series Welcome To Wrexham, now available in dozens of languages. Last month, Zoo said business was brisk, with first half sales expected to increase almost 90 per cent to $51million (£45million) and plenty of new contracts on the books. Brokers expect full year revenues of $95million for the year to March 2023, with profits more than doubling to $6.9million and further strong increases pencilled in for the year ending March 2024. Green is ambitious too, targeting annual sales of $400million by 2030, with profits rising sharply alongside. The target seems well within reach. The big beasts of streaming are battling it out to produce the best shows and the more languages they are translated into, the more subscribers they can reach. Independent analysis suggests that the translation and localisation services market for media companies should double in size to $3billion a year by 2030, and Zoo is a leader in the field. Midas verdict: Midas recommended Zoo in January 2021 when the shares were 79p. Now they are £1.43 and brokers believe they should reach £2.50 within the next year or two. A strong hold, at the very least. |
Posted at 25/4/2024 16:00 by z1co Positive comments from the CEO speaking to IC:Shift away from big spending Green believes the studios’ new frugality could benefit Zoo Digital in the long term. His argument is that studios will shift spending from costly projects to a greater number of smaller, cheaper shows. Reality TV is the cheapest to make and will become more attractive if the writers secure a significant pay rise. Zoo gets paid a fixed rate regardless of the overall budget of the projects. So a higher volume of shows would increase its revenue, even if the studios are spending less overall. Green also “expects there to be a consolidation of suppliers”, which will benefit Zoo as an “end-to-end supplier”. |
Posted at 24/4/2024 10:36 by amt Mudbath there was a fair bit of discussion about Zoo and AI a while back.AI still has a way to go before it could compete with a human in dubbing Actors have a powerful lobby as we saw in the US and in all likelihood stop AI from taking their work. Zoo are embracing AI where its useful |
Posted at 24/4/2024 09:14 by z1co Comments from IC before the disruption caused by Hollywood strikes last year :Zoo Digital forecasting huge growth. Expecting to grow over 800 per cent by 2030. The board currently thinks Zoo’s addressable market is $1.5bn; it currently has 4 per cent of this. By 2030, it expects the market to double to $3bn and believes its market share could rise to 14 per cent, driven mainly by the growth of its dubbing business, which is yet to take off. This would give Zoo revenue of $420mn. In that time, it expects operating margins to expand to 20 per cent as it benefits from its scaleable platform. |
Posted at 23/4/2024 11:25 by z1co Through the recent period of uncertainty and disruption, ZOO has maintained consistently high performance metrics as measured and reported by its customers. In November 2023,ZOO was named APAC Netflix Preferred Fulfilment Partner of the year. Early budget allocations from its largest client have been positive and we see good potential for one or more of the other large streaming players to give ZOO a greater share of work, particularly given the increased focus on licensing of content. This could be a game-changer in terms of revenue and profitability for ZOO. Having significantly scaled up operations, despite the implemented cost savings, we believe that ZOO is in a good position to deliver material profitable growth when levels of business increase. We look forward to further clarity as the year progresses. |
Posted at 23/4/2024 10:48 by z1co Recovery underway and a significant contractToday’s trading statement from ZOO highlights a ramp-up in demand following the end to the industry-wide strikes of last year. ZOO struck a note of caution in its January update regarding the timing of orders. However new productions are starting to translate into a healthy order pipeline, with a good recovery in revenue anticipated in H1 FY25. The update guides to revenue of at least $40m for the year to March 2024, ahead of our estimate at $36.8m. We have improved our adjusted EBITDA loss marginally to $13.4m. ZOO has also announced a significant new contract with a major studio, operating as preferred partner for subtitling and primary vendor for dubbing. This demonstrates ZOO’s quality as a services vendor and provides evidence that ZOO is emerging post supplier rationalisation as one of the few trusted end-to-end (E2E) suppliers. Read or download the full report here.... |
Posted at 19/4/2024 09:45 by z1co 6 days ago — STEP INTO OUR WORLD · The 2024 NAB Show · ZOO reaches key milestone for its ZOO Academy education initiative · ZOO Digital expands operations in ... |
Posted at 26/3/2024 11:57 by z1co Alliance News) -Zoo Digital Group PLC, up 28% at 28.25 pence, 12-month range 21.35p-205.00p. The provider of end-to-end cloud-based localisation and media services to the global entertainment industry says it has received further clarity on the timing of its projects, following its trading statement in late January. It is now receiving orders relating to work on feature films and TV shows that have been completed following the industry strikes of 2023 that brought productions to a halt. "With January invoicing the highest month since April 2023, the company is beginning to see an acceleration of its pipeline with work expanding in March and April 2024," Zoo Digital says. As a result, it expects to beat revised market guidance for its annual results with revenue of at least USD40 million, but anticipates adjusted earnings before interest, tax, depreciation and amortisation will be reduced. In the year ended March 31, 2023, Zoo Digital posted USD90.3 million in revenue. Zoo Digital says it has now secured improved visibility of work, with some extending until September 2024, with its order book for the first quarter of its financial 2025 up 30% on-year. |
Posted at 26/3/2024 10:43 by z1co Zoo Digital shares surge as orders jump following US writers’ strikeUK Investor Magazine 26/03/2024 ZOO Digital shares surged on Tuesday after the media services to the global entertainment industry said orders has returned following the US writers’ trike. Noting clarity on project timelines, Zoo said it is now receiving orders for work on feature films and TV shows completed after the industry strikes of 2023. January saw the highest invoicing month since April 2023 and Zoo sees acceleration in its pipeline. Zoo Digital shares were 25% higher at the time of writing. ZOO Digital anticipates surpassing revised market guidance for FY24, with projected revenues of at least $40 million. Consequently, the expected EBITDA loss will be mitigated. Net cash is forecasted to be at least $3 million, exceeding revised market expectations. While the Company currently holds no debt, it plans to renew its existing undrawn facilities upon expiration. Enhanced Visibility Investors will be pleased momentum is returning to Zoo Digital providing enhanced visibility of work, some of which will extend through September 2024. A considerable number of orders are in progress, with a growing pipeline of projects confirmed for the upcoming period. The order book for FY25 Q1 has seen a notable increase of 30% compared to FY24 Q4, underscoring expectations of a robust revenue recovery in FY25 H1. |
Posted at 05/4/2023 18:56 by uknighted ZOO Digital Group plc (AIM: ZOO), a leading provider of end-to-end cloud-based localisation and media services to the global entertainment industry, today announces the acquisition of the remaining 49 per cent. of ZOO Korea.Since the Company acquired 51 per cent. of the equity in March 2022, ZOO Korea has successfully expanded to deliver an in-territory servicing hub for the most prestigious names in entertainment. The venture has helped to address the growing global demand for Korean content and distribution of non-Korean titles in the country with premium and secure provision of dubbing, subtitling, quality control and media services. In recent months, two global streaming services have worked with ZOO Korea and further significant new opportunities are in the pipeline. Due to the increased volumes of work, additional investment in people and infrastructure is required to support demand and capture the growing in-territory market for ZOO Korea’s services. In FY22, ZOO Korea generated $1.2 million revenue and $0.1 million profit and the Board believes that it is commercially advantageous for ZOO Korea to become a wholly-owned subsidiary of the Group. The Board estimates that $4.5 million of incremental revenues were recognised across the Group in FY23 as a result of ZOO Korea and that it will generate significant incremental revenue for the Group in future years through its own operations in Korea as well as services provided assisting ZOO in the US and UK. Under the terms of the transaction, the Company will issue 550,000 ordinary shares in ZOO Digital Group plc to the exiting shareholders of ZOO Korea and make a one-off payment of $200,000 in consideration for their 49 per cent stake. |
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