ZOO has provided a brief but very positive trading update ahead of its AGM. H1 23 is expected to be ahead of guidance with revenue of at least $51m, up at least 89% on H1 22 ($26.9m) and 17% on H2 22 (£43.5m), and a considerable increase in EBITDA given operational gearing. We are therefore upgrading our FY23 and FY24 estimates, having increased confidence that ZOO will exceed its $100m revenue target in FY24E, with scope to achieve it this financial year if momentum continues. Strong revenue gr ....
20 Sep 2022
PROGRESSIVE: Zoo Digital: $100m revenue target within reach
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PROGRESSIVE: Zoo Digital: $100m revenue target within reach
ZOO Digital Group plc (ZOO:LON) | 35.5 -0.3 (-2.5%) | Mkt Cap: 34.7m
- Published:
20 Sep 2022 -
Author:
Gareth Evans | Tessa Starmer -
Pages:
5
ZOO has provided a brief but very positive trading update ahead of its AGM. H1 23 is expected to be ahead of guidance with revenue of at least $51m, up at least 89% on H1 22 ($26.9m) and 17% on H2 22 (£43.5m), and a considerable increase in EBITDA given operational gearing. We are therefore upgrading our FY23 and FY24 estimates, having increased confidence that ZOO will exceed its $100m revenue target in FY24E, with scope to achieve it this financial year if momentum continues. Strong revenue gr ....