ZOO Digital has announced strong H1 results to 30 September 2021. Momentum has gathered pace due to new content production, and a continuing focus on back catalogues for streaming. Revenue grew by 64% in H1 and adjusted EBITDA by an even more impressive 82% to $2.4m, due to operational gearing. We are upgrading our FY22E and FY23E forecasts accordingly. The conversion of the 7.5% convertible loan stock removed the main group borrowings; the cash balance at the period-end was $8.2m, benefitting f ....
10 Nov 2021
A strong first half – upgrades for FY22 and FY23
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A strong first half – upgrades for FY22 and FY23
ZOO Digital Group plc (ZOO:LON) | 35.8 -0.2 (-1.8%) | Mkt Cap: 35.0m
- Published:
10 Nov 2021 -
Author:
Gareth Evans | Tessa Starmer -
Pages:
6
ZOO Digital has announced strong H1 results to 30 September 2021. Momentum has gathered pace due to new content production, and a continuing focus on back catalogues for streaming. Revenue grew by 64% in H1 and adjusted EBITDA by an even more impressive 82% to $2.4m, due to operational gearing. We are upgrading our FY22E and FY23E forecasts accordingly. The conversion of the 7.5% convertible loan stock removed the main group borrowings; the cash balance at the period-end was $8.2m, benefitting f ....