ZOO Digital delivers 'outstanding' full year performance as streaming market grows

ZOO Digital, which is a provider of localisation and media services to the global entertainment industry, has announced its audited financial results for the year ended 31 March 2022.

The company saw 78% revenue growth to $70.4 million and a swing to pre-tax profitability, driven by its work supporting regional launches of new streaming services and the return of new production work post-Covid.

In a year when global spending on original programming reached $200 billion, ZOO captured a greater share of the localisation and media services market and said it had made significant progress towards its medium-term target of $100m sales.

Stuart Green, CEO of ZOO Digital, commented:“These results reflect an outstanding year of operational delivery and growth across the whole business. ZOO is taking market share in a growing market, benefitting from our cloud-based platforms, extensive freelancer network and embedded client relationships. With our global scale and end-to-end offering, we are one of the few vendors capable of meeting the requirements of major media companies to take their content to international audiences.

“The streaming market continues to evolve as media companies invest billions of dollars in content to capture and entertain international audiences. We are scaling ZOO’s operations to match continuing growing demand. During the year, we introduced new services such as mastering and expanded our presence in some of the fastest-growing regions for our customers, particularly across Asia. These are strategic investments that strengthen our operations in some of the most exciting territories for content expansion and will support our ambitious growth."