In November, we released interim results for the six months ended 30 September 2024 (“H1 FY25”).
This period demonstrated that the sector is finally starting to show signs of recovery following the impact of the Hollywood strikes, with trading for H1 FY25 delivering marked improvement. In this regard, the pipeline recovery saw revenues increase by 29% to $27.6 million and EBITDA return to profit during this period. We expect this trend to continue within the entertainment industry through calendar 2025, remaining confident in our return to sustainable growth.
Moreover, our market position as a trusted, global end-to-end vendor has been strengthened. We maintained a leading standard of customer satisfaction and were proudly named Netflix Preferred Fulfilment Partner of the Year.
The entertainment industry continually evolves as consumer behaviours shift away from traditional linear television and further towards streaming. Though this does bring ZOO some short-term disruption, it also opens new opportunities for the Company to grow and evolve alongside the industry. Trading for the first half of FY25 indicates demand for ZOO’s services has expanded. Due to the changes that are still ongoing amongst major customers, visibility of production schedules and the overall order pipeline remains limited. However, customers and market commentators alike are looking towards 2025 as a period of accelerated recovery.
Stuart Green, CEO of ZOO, commented:
“These results demonstrate that ZOO is recovering well from the impact of the Hollywood strikes and aligning with our customers’ evolving content strategies. Taking action to deliver efficiencies, including relocating some operations to India; embracing innovations such as Artificial Intelligence; and the pursuit of opportunities in new regions, have seen ZOO become a more agile and efficient business, ready for the next chapter of our growth story.
“As we approach a new year, investments in scalable technology and global talent have enabled us to expand our service offerings, and partnerships with leading content creators and distributors have strengthened, underscoring our position as a trusted partner in the media and entertainment industry. We remain focused on driving innovation, operational excellence and efficiency in an evolving digital landscape which should position ZOO well to return to cash breakeven as our industry recovers."
Interim Results for the Six Months Ended 30 September 2024
Interim Results FY25 Presentation
