Share Name Share Symbol Market Type Share ISIN Share Description
Zoo Digital Group Plc LSE:ZOO London Ordinary Share GB00B1FQDL10 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 137.00 16,021 08:00:00
Bid Price Offer Price High Price Low Price Open Price
135.00 139.00 137.00 137.00 137.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 28.67 -2.59 -3.08 113
Last Trade Time Trade Type Trade Size Trade Price Currency
09:22:30 O 6,000 136.00 GBX

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Zoo Digital Daily Update: Zoo Digital Group Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker ZOO. The last closing price for Zoo Digital was 137p.
Zoo Digital Group Plc has a 4 week average price of 112p and a 12 week average price of 112p.
The 1 year high share price is 153.50p while the 1 year low share price is currently 51p.
There are currently 82,291,998 shares in issue and the average daily traded volume is 74,670 shares. The market capitalisation of Zoo Digital Group Plc is £112,740,037.26.
petewy: Looking healthy. Good note from Progressive Equity Research: ZOO has delivered a very solid FY21 (to March) in line with the April update, with revenues up by a third and Adjusted EBITDA more than doubling. The group has navigated exceptionally well through the COVID-19 pressures, adapting its model, investing rapidly in new areas of growth and helping customers flex their own businesses to suit the new world. We see material long-term growth potential as customers continue to invest in content (both new and old) and ZOO’s skillsets and capabilities are clearly in demand.
uknighted: Stuart Green, CEO of ZOO Digital, commented, "ZOO performed strongly during the year with revenues growing by a third to $39.5 million and making good progress towards our ambitious goal of $100 million of sales. Adjusted EBITDA more than doubled to $4.5 million. "In a year when the world stayed at home and watched more TV, ZOO worked from home to deliver more content, to more audiences than ever before. We support major Hollywood studios and streaming services to globalise their new and catalogue content in all languages. The industry in which we operate is huge and is undergoing a structural shift which has markedly accelerated over the past 12 months. ZOO is positioned well to continue to benefit from the unrelenting rise in streaming video. "Looking forward, we continue to win new business as production of new titles is now resuming and significant orders for catalogue projects continue. Our new financial year has begun well, maintaining the momentum achieved last year, and we remain confident of continuing growth and achieving market expectations."
robow: from Shares - Great ideas How we watch TV has changed massively in recent years and it is now as common to talk about the latest Netflix shows as anything on BBC or ITV (ITV). One way to tap in to the explosion of on-demand streaming services is a little-known AIM-quoted business Zoo Digital (ZOO:AIM). This is a small growth company with an up and down track record, so may not suit every investor, but we believe it is ripe for strong profitable growth over the coming years. The Sheffield and Los Angeles-based business runs an in-house designed, multi-tools technology platform in the cloud that allows media owners to repackage their TV and film content for different geographies, languages, formats and technologies. This typically means providing subtitling and dubbing services although the platform can also be used for more niche localisation services, such as changing on-screen advertising for example. Users include many of the big names across the global entertainment and media industry, including some of the big Hollywood studios, Netflix, Amazon, Apple, Google and Hulu, plus other large online retailers, broadcasters, independent distributors and brand agencies. The pandemic shut down TV and film production everywhere but Zoo Digital was not idle, helping clients to repurpose large back catalogues to help streaming services maintain subscriber stickiness through a period when new content was thin on the ground. Now, with production springing back to life, prospects look even better for the company. Zoo recently upgraded revenue guidance for the year to 31 March 2021, noting that revenues are now expected to be $39.5 million, representing year-on-year growth of 33%. This compares to prior guidance of $38 million from January, which was already ahead of market expectations of $36.1 million. This means a much better level of profitability too, with earnings before interest, tax, depreciation and amortisation now expected to more than double from $2.14 million in the year to March 2020 to $4.7 million. Investors should be aware that Zoo Digital plans to continue investing in the business to take advantage of the opportunity before it. This could limit short-term earnings upside and may involve raising fresh growth funding down the line. At the end of March 2021 the company raised £7.4 million via a share placing priced at 100p, a cash call that was oversubscribed. A March 2022 price to earnings multiple of 50 based on Stifel’s $0.034 of earnings may look pricey now, but Zoo Digital aims to more than double revenue to over $100 million over the coming few years. Presuming earnings enjoy the same upwards trajectory, the stock looks ripe for further gains over the next 12 to 18 months.
uknighted: RNS ZOO DIGITAL GROUP PLC ("ZOO", the "Group" or the "Company") Trading Update Accelerated Growth ZOO Digital Group plc (AIM: ZOO), the leading provider of end-to-end cloud-based localisation and media services to the global entertainment industry, today provides a further update regarding its trading for the financial year ended March 2021. Revenues for the full year are now expected to be $39.5 million (FY20: $29.8 million), an acceleration of growth over the prior year of 33% and ahead of previous management guidance of at least $38 million. EBITDA (adjusted for share-based payments) is expected to more than double from the prior year to approximately $4.5 million (FY20: $2.1 million). Net cash on 31 March 2021, prior to the receipt of proceeds of the recent share placing, was $2.9 million (FY20: $0.7 million) reflecting strong cash generation and tight management of costs. The past year has seen an accelerated evolution of the entertainment sector as the pandemic temporarily stalled the production of new titles and consumer take-up of on-demand streaming services has grown considerably. Some film and TV productions have started to resume and the second half of calendar year 2021 is expected to see the completion of significant numbers of new titles. Several direct-to-consumer streaming video services are now available from leading US media organisations, all of which are expected to be offered internationally in local languages in due course. A number of these platforms are investing heavily in international series that will also require localisation into multiple languages. These factors, together with ongoing initiatives to repurpose large back catalogues of content for distribution through streaming platforms, are creating positive industry dynamics and structural drivers for ZOO. Recognising the significant opportunities that lie ahead, ZOO has accelerated its investment in its technology, infrastructure and service capacity, and has already taken steps to grow its international footprint. To support this, the Company completed a successful, oversubscribed fundraising of GBP7.4 million ($10.3 million) on 31 March 2021 with existing and new institutional and other investors. Trading in the first weeks of the 2022 financial year has been strong with a significant pipeline of customer projects committed for Q1. With a robust pipeline and continued momentum, the Board remains confident in its ability to deliver profitable progress in FY22.
amt: Yes very good price and only 10% dilution. 100m usd sales should give GM of 30m and profit between 15m and 20m. In 4 or 5 years. On pe of 20 that's market cap of 300 to 400m usd in 4 to 5 years. So potential to increase share price 3 fold over the next 5 years in my view. DYOR I suspect the share price will go up a little on such good news and flat line after that for a while. Most encouraging is the rapid growth in sales. Dubbing coming through now at last.
uknighted: RNS Trading update ZOO DIGITAL GROUP PLC ("ZOO", the "Group" or the "Company") Trading Update Strong trading ZOO Digital Group plc, a world-leading provider of cloud-based localisation and media services to the global entertainment industry, today provides an update on current trading and outlook for the financial year ending March 2021. Since the half year, ZOO has continued to see the benefits of its cloud-based offering and ability to undertake projects remotely. Whilst new productions have been on hold due to the COVID-19 pandemic, the Group continues to see increased workflow from preparing back catalogue titles for digital distribution globally, although the volume of this work is not expected to continue at such high levels once new production returns to normal. As a result, revenues for the full year are now expected to be at least $38 million (FY20: $29.8 million), an acceleration of growth in the second half over the first half of 35%. Based on this strong performance, the result for the year is anticipated to be ahead of market expectations. It is encouraging to note that some new productions have restarted more recently. In addition, there has been expansion of budgets by major industry players as streaming becomes mainstream, with content being sourced more broadly from international producers. These trends are underpinned by rising consumer spending on content. The pandemic has provided ZOO with the opportunity to increase its engagement with dubbing customers due to the differentiated benefits of its cloud technology over a period when the Board believes its major competitors have experienced revenue declines . The Company has been well placed to meet changing market requirements as the digital transformation of the industry has been accelerated. This endorses ZOO's business model and strategy which the Board believes will support continued growth once new productions resume. The Group has also added new customers during the period that are expected to contribute during the 2022 financial year. The Company continues to invest in its technology and growing its international footprint. A wide range of enhancements have been made to the Company's ZOOstudio platform to further embed it in customer operations whilst ZOOdubs has been extended and ZOO's dubbing service expanded geographically through investment in people in new markets, cementing its technology leadership. Stuart Green, Chief Executive Officer, said: "ZOO Digital has traded very strongly and is pioneering and innovating the services it provides to the global entertainment industry. Our technology-first, cloud-based approach has positioned the Group very well to meet market requirements during and subsequent to the pandemic, despite the disruption caused to new production. "ZOO is a trusted partner to major media companies and through our end-to-end service model, which brings together comprehensive localisation and media services, we are able to support major studios and streaming services as they globalise their content to reach audiences worldwide. "We are investing in growing our global footprint as well as benefiting from the resumption of content creation and digitally remastering back catalogues for the global market."
martina pescatore: It was a large volume of share traded yesterday for Zoo. 740,000 shares 100,000 shares 100,000 shares 400,000 shares and 625,000 shares, all transacted at 62p per share. The new lockdown rules and the long term effects to the way the dubbing industry operates could have a very favourable outcome for Zoo. Then consider that, in the interims results to 30 September 2020 the company said that Cloud dubbing revenue grew by 480% year-on-year. And look at the growth in the number of dubbing related career opportunities at Zoo on their website. And take a look at the latest article on their website, dated 4 January 2021, snippets from which include: COVID-19 has accelerated the adoption of cloud dubbing and remote recording environments faster than any ZOO Digital pitch or presentation ever could. When lockdown hit the entertainment industry, it became abundantly clear that the traditional dubbing industry wasn’t prepared to react. Lockdown and a lack of business continuity has demonstrated that the dubbing supply chain is vulnerable. Most service providers own and operate studios around the world, and during lockdown, those studios shut down. What we and the industry as a whole saw very quickly was that there was not a lot of resilience in the supply chain. The shutdown of the traditional dubbing model has been a wake-up call for studios, and content owners, but it’s also acted as a catalyst for change. All very encouraging for Zoo it seems. NIA and DYOR
snoper: A few thoughts/considerations/notes from what has become public today (reporting and interim presentation just now): - out of $9.9m localization revenue in H1 '21, 50% was dubbing. This was 10% in the same period last year (aligns wit the c.500% increase we have read about). Thus now c.$5m of dubbing related revenue for H1 '21 - "Zoo currently has strongest order book ever" Stuart mentioned. I believe this only to be relating to digital packaging (and perhaps dubbing). Can't possible be subs as well given covid - Out of the additional 65 personnel (265 total), 10 related to dubbing and 35 to digital packaging - Zoo will remain investing significantly up to reaching regions of $100-200m of revenue, to gain ground/market share on the large competitors. Priority will be revenue first, profitability second - In time, Zoo aims to have "cost of sales of under 60%" according to CFO. I.e. gross profit to be at 28/30% (current gross margin is clouded due to investments in personnel - note that cost of sales includes freelancer costs, production department costs such as talent finding/quality assurance/project mgmt). The CFO also mentioned that with $100m in revenue, he would expect EBIT so stand "at double digit" - The "overall" market for Zoo was mentioned to be $3bn, whilst media localization stands at an estimated $2.4bn. This implies that Stuart estimates digital packaging market to be $600m (I will need to rewatch to validate, but feel free to correct) - Dubbing is consuming cash -> dubbing talent will invoice earlier than Zoo client pays. Zoo is confident to finance this going forward out of cash generation and (undrawn) working capital line of a small $3m they have currently - Digital packaging is expected to normalize to some extent in the future. Although content owners still have a lot of back catalog available. For now -> order book highest ever with very strong Q3 outlook. Uncertain for large part for Q4 (visibility not that far) - Zoo has been able to acquire a lot of new customers since existing providers to those companies were in a covid hiatus (impacting especially dubbing operations). 2-3 of those clients are "significant". As per reporting Zoo has 30% more customers now (to 122) and is servicing all major Hollywood studios now (for subs! hence this is not directly related to a lot of new clients who where won via the dubbing route) - A large OTT client (I suspect this to be Disney) has expanded its adoption of Zoostudio within its organisation - Some color on AI was given. In short: not a risk for "the spoken word". We have heard this before, nothing new Today I was disappointed with the financial results (yet again). This was before I realized that subs were down 34% and Zoo still managed to grow localization 10%. If dubbing would not have grown $4m (to the $5m today), localization for H1 would have been hit severely. Given their recent investments in dubbing (10 FTE) and wording around their dubbing strategy (continued R&D spend for efficiencies/breadth of offering and contracting "key advocates of the industry"....) they seem to be very bullish on continued growth of this $5m dubbing revenue for H1 '21. Digital packaging now has the highest order book Zoo ever encountered, for which they needed an additional 35FTE. We know this digital packaging has a very strong margin profile. The CFO did mention some expections of the % revenue contribution of digital packaging going forward but I will need to validate. Of course, when Covid normalizes - so will digital packaging. But content owners still have a huge amount of back catalog. My personal expectation is this will come online even in non-covid circumstances, albeit a a slower pace. You should not invest in Zoo if you want to trade it. Based on the information today I am convinced that Zoo has a good shot at growing considerably based on where it is today - driven by a strong outlook for dubbing / digital packaging and normalizing of subs. Zoo is better positioned now than it has ever been. So I am invested in Zoo and will remain so for the longer time period (3-4 years). I suspect this to be the timeline mgmt aims to achieve $100m in revenue as well.
snoper: @heialex1, a few things going on/thoughts on my end concerning Zoo and its market: 1. Netflix being the gorilla in the OTT landscape with c.180m subscribers still does its dubbing on premise i.e. has not adopted a cloud strategy for dubbing. This is anecdotally and I am not sure if this is still 100% true for all content (if someone has any public materials which say otherwise, feel free to share) 2. Netflix tried to do localization in-house ("Project Hermes") and pulled the plug in Q4 2018 I believe, it was too difficult. I am comfortable with that type of risk going forward (i.e. players moving forward into the value chain). This caused somewhat of a hiatus in the localization landscape and especially for Zoo adopting a OTT focused strategy (note this impacted FY19) 3. Zoo's appointment as a top 3 "preferred" localization partner for Disney+. Huge deal. Disney+ getting a lot of traction with currently 50m subscribers I believe, some estimates say this might move to 250m in the future. 4. Zoo's recent hiring in dubbing -> appointing a number of senior dubbing personnel. Goes to show that there definitely is traction in that category, I believe this to be Disney+ driven. 5. Decline of legacy business. Plenty of information on Zoo's investor relations website to check this out. Legacy business has phased out significantly in recent periods. You mention that Zoo "has not exploded" implying you were expecting Zoo to have a highly scalable model. Clearly it has taken Zoo more effort as originally expected to generate value. Part driven by external market factors, but I also believe that it is driven by Zoo's USP vs. competition. The USP that Zoo's offer to OTT providers are in short (i) a sophisticated platform "ZooStudio" offering full breadth of localization services, with the main advantages being speed of work (i.e. faster turnaround) and fewer errors (due to a number of smart functionalities in the platform). (ii) to more easily manage the content funnel a OTT provider is feeding into the localization market (which played a key role for Zoo getting the appointment as one out of 3 preferred parties at Dinsey+) - which has another angle to it which I think should be mentioned seperately namely (iii) Zoo's large network of localization talent + it is cloud based, making it more efficient vs. brick and mortar type competitors. Note localization is a service, not a product. As a holder of Zoo stock I believe in the USPs Zoo has and the value it could create - but I am also aware that it takes time to educate the market, which has been functioning the same way for decades (this concerns the actual localizers e.g. dubbing directors, voice talent etc.). Zoo's initial explosive growth was congruent with Netflix's explosive growth, which currently is not explosive anymore. However there are a number of other competitors getting very strong traction and Zoo is positioned as a top contender for RfPs coming to market. A number of recent high profile appointments including Disney+ are proof of this. I am bullish on the continued footprint of Zoo as a go to partner for OTT players looking to get their content localized in a cost effective and fast manner without any loss of quality. A final thought on my end is that I am very curious to see how long Netflix will continue with its strategy for brick and mortar dubbing only. At some point, cloud dubbing will be a mainstream solution vs. the niche it still is today. Zoo is a front runner and innovator in this niche. Hope this helps.
tkamp: Zoo's share price is a volatile as ever today. For me personally the investment case for Zoo has changed a lot since I sold out at 135p after the first batch of bad news. Before the bad news this was an exponential growth story for me, with accelerating sales growth and strong margin appreciation. If such a scenario were plausible a share price of 400-500p would have been warranted within 2 years or so. This was also a high-conviction scenario for me, as in that I had high conviction there would be a steep growth trajectory with few hurdles for several years to come. Recently I bought back in at 50p, but with a different story. I now realize it's path to 'greatness' is much less certain and that there are several things holding them back (management should be allocated blame for misrepresenting facts to investors though. e.g. not informing the market about a massive one-off $2.5M deal). I now see 2 scenarios for Zoo: 1. Sluggish, unstable, relatively low growth (e.g. 5-10% p.a.) with margins never reaching their high of 2017 again (2017 EBITDA was 11%). Basically in this scenario profits/cash flows will never be material and the company stand-alone has very little value. The only value in such a scenario would come from a competitor buying it up (presumably at a fairly low price, say 30-40p a share). 2. A positive tail-event takes place that catapults Zoo's growth. In the past such an event was the adoption of ZooSubs by Netflix (preferred vendor standard) that helped double Sub revenues within 12 months. A new such event could be Netflix giving ZooDubs preferred vendor status. If that were to happen the impact would easily be 10x that of the ZooSubs situation as Dubbing is way more expensive than subbing. If ZooDubs gets adopted by Netflix this share will easily surpass previous levels of 160p. Another positive tail-event could be widespread adoption of ZooStudio, or Zoo becoming a top-tier supplier of dubbing for another huge OTT vendor like Disney. I am not sure how likely either scenario is. While in the past I was very bullish I now wouldn't put much more than a 50% probability on scenario 2, probably even lower than that (~30%?). However, the value you would capture in scenario 2 is many times larger than the value you would lose in scenario 1 (e.g. 50% downside vs. 300-500% upside). I also think there is some upside to scenario 1 where maybe sales growth a low rates but margins do recover as Zoo invests less in new products. E.g. if you model 10% sales growth for the next 2 years and assume EBITDA margins reach 12.5% by FY2021 (only 1.5% above FY2017) then you get an EBITDA of $4.4M, which is 11.5x today's EV. Hence Zoo has really become a 'base scenario is negative but Expected Value is positive' type of investment. That's why I no longer have >50% of my portfolio invested in it but instead a much more modest amount (5-10%). If the price goes so low that the value at risk of scenario 1 becomes very low I will be adding more aggressively. PS: Peachie, with all due respect but you're acting like bit of a clown here. Propping up Zoo in every post and then all of a sudden selling out because you cannot handle the volatility? People who whine about short-sellers are people who shouldn't be investing in the first place. If you have conviction in your position you do not care about that, and even use the opportunities short sellers provide you with. The convertible isn't due for another 1.5 years so depressing the price now doesn't damage the actual operations of Zoo (in which, let me remind you, you are actually invested, not just a digital ticker) in any shape or form.
Zoo Digital share price data is direct from the London Stock Exchange
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