28 Sep 2023
Kitchen-sinking forecasts…and cash is still ok
ZOO today provides an update on H1 trading and as well, the full-year outlook the result being material changes to FY24 forecasts, while we withdraw FY25 estimates. The driving force behind these changes is a combination of factors; more cautionary customer spend (as SVOD platforms are placing greater emphasis on balancing growth and profit) while more recently, protracted industrial action has introduced yet further disruption. As such, H1 revenue is set to be materially down at c.$21m vs. $51m ....
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Kitchen-sinking forecasts…and cash is still ok
ZOO Digital Group plc (ZOO:LON) | 32.0 0 0.0% | Mkt Cap: 31.3m
- Published:
28 Sep 2023 -
Author:
Singer CM Team -
Pages:
3
ZOO today provides an update on H1 trading and as well, the full-year outlook the result being material changes to FY24 forecasts, while we withdraw FY25 estimates. The driving force behind these changes is a combination of factors; more cautionary customer spend (as SVOD platforms are placing greater emphasis on balancing growth and profit) while more recently, protracted industrial action has introduced yet further disruption. As such, H1 revenue is set to be materially down at c.$21m vs. $51m ....