ZOO Digital Group is on track to report significant revenue growth, driven by the success of its cloud-based dubbing service, according to a statement released ahead of its annual general meeting (AGM).
The Sheffield-based software firm, listed on the AIM market of the London Stock Exchange, specialises in cloud-based localisation and digital distribution services for the global entertainment industry. Chairman Roger Jeynes announced that revenues in the first half of the financial year are expected to be at least 17% higher than the same period last year.
Jeynes highlighted that the cloud-based dubbing service had exceeded expectations, performing at approximately three times the anticipated rate for this stage of the financial year. This success constitutes the primary contributor to the group’s revenue growth in the first half.
Despite experiencing disruptions in the subtitling supply chain due to the transition of a major over-the-top (OTT) operator’s partner programmes, Jeynes noted that normal operations are increasingly being restored. This recovery is anticipated to stabilise the service offerings further.
ZOO Digital has continued to invest in its operational capabilities, expanding its in-house project coordination team and its global network of freelancers. This expansion is aligned with the increasing demand for the company’s services, ensuring that it remains at the forefront of the industry.
Looking ahead, Jeynes expressed confidence in the group’s prospects for a strong second half of the financial year.
ZOO Digital Group’s strategic focus on enhancing its cloud-based services and operational capacity appears to be paying off, positioning the company for continued growth and industry leadership.