ZOO Digital | The Big Picture Newsletter

Welcome to the Big Picture

Our quarterly investor newsletter featuring the latest news from ZOO and updates from across the global entertainment industry.

Click below to watch a summary of our recent full year results

OPERATIONS RESTRUCTURED TO RETURN THE GROUP TO OPERATING PROFIT AND CASH GENERATION IN FY26

On 12 August, we published audited financial results for the year ended 31 March 2025 (FY25). Revenue increased by 22% to $49.6 million and adjusted EBITDA returned to a profit of $1.1 million from a loss of $13.6 million in the prior year impacted by Hollywood strikes.

The results show resilience through a period of market transition and significant progress on restructuring our operations. This will position the Group to deliver operating profit and cash generation in FY26.

Our actions ensure a sustainable platform for the future while retaining the flexibility to scale as we deliver increased order volumes.

Annual Report for the Year Ended 31 March 2025

Watch CEO Stuart Green and CFO Robert Pursell's presentation

Summary of Results

2025 Annual General Meeting

We are looking forward to welcoming investors to this year’s Annual General Meeting.

Date: 5pm on 25^th September 2025

Venue: Canaccord Genuity, 88 Wood St, Barbican, London, EC2V 7QR

The event will also be livestreamed for those unable to attend in person.

The Report & Accounts for the year ended 31 March 2025, together with the notice of Annual General Meeting and Form of Proxy, have now been made available to shareholders.

Register via the following link: https://www.zoodigital.com/agm-2025

ANALYST NOTE: PROGRESSIVE EQUITY RESEARCH

Resilient FY25 and steady recovery on track

“Full-year performance highlights ZOO’s resilience as its clients adapt to the changing market environment. Content strategies are evolving, and business models realigned to generate more profit and cash. There has been a steady return of orders following the end of the Hollywood strikes and, excluding dubbing, ZOO’s services lines have generated three consecutive quarters of revenue growth into the first quarter of FY26. ZOO has made significant progress restructuring to deliver operating profit and cash breakeven at lower levels of revenue."

"We maintain sales and EBITDA estimates for FY26 and forecast a cash inflow. Visibility is expected to improve throughout calendar year 2025, particularly given ZOO’s diversified client base as it continues to win business from significant new clients. We also welcome Robert Pursell as the new CFO.”

Read the full research note

ZOO in the news

Investors Chronicle: ZOO Digital stages early recovery as Hollywood restarts

BusinessLive: ZOO Digital narrows losses as post Hollywood strikes backlog boosts trading

Prolific North: Revenues near $50m as ZOO Digital eyes return to profit

Slator: As revenues stabilize, ZOO speaks about AI and the state of play in media localization

Industry news

Netflix Earnings Beat

Skydance Closes $8 Billion Paramount Deal

Disney earnings top expectations

Peacock Quarterly Loss Narrows

Warner Bros. Discovery Adds 3.4 Million Streaming Subscribers

Sony Sees 23% Increase in Profit From Strong TV Performance

Hollywood movie tariffs