ZOO’s H1’24 reflects the impact of the first double strike (writers and actors) in 60+ years, however, the resolution of the writers’ and actors’ strikes in September and November 2023 points to the darkest hour being behind ZOO. Revenues declined 58% yoy while ZOO reported a $7.1m adj LBITDA (H1’23: EBITDA of $7.3m) as the Group entered the year with a cost base to support a c.$100m+ revenue business. Post-period end, ZOO has completed a cost cutting exercise that has removed 20% of UK/US headc ....
30 Nov 2023
H1’24: Waiting for a return to normality
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H1’24: Waiting for a return to normality
ZOO Digital Group plc (ZOO:LON) | 61.5 0.3 0.8% | Mkt Cap: 60.2m
- Published:
30 Nov 2023 -
Author:
Tom Like -
Pages:
3
ZOO’s H1’24 reflects the impact of the first double strike (writers and actors) in 60+ years, however, the resolution of the writers’ and actors’ strikes in September and November 2023 points to the darkest hour being behind ZOO. Revenues declined 58% yoy while ZOO reported a $7.1m adj LBITDA (H1’23: EBITDA of $7.3m) as the Group entered the year with a cost base to support a c.$100m+ revenue business. Post-period end, ZOO has completed a cost cutting exercise that has removed 20% of UK/US headc ....