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.

Trading Update:

FY24 impacted by delayed industry recovery but pipeline on track for FY25

In January, we released a Trading Update with our updated expectations for FY24 (year end 31 March 2024) following the unforeseen disruptions within the entertainment industry.

As announced, the first projects to resume after the Hollywood actors’ and writers’ strikes had been expected to complete in January, however the completion of entertainment products is taking longer than previously anticipated. This will result in Q4 revenue being significantly lower than anticipated and a greater loss than previously expected for the full year.

While this is disappointing, we were notified by our largest customer of a pipeline of orders that provides good visibility for the next two quarters. The pipeline remains consistent with current market expectations for FY25 and a return to profitability.

The Board expects further clarity on the timing of projects and therefore revenue for the rest of the year in the coming weeks and will update the market further as necessary in due course.

Trading Update

Analyst Note:

Progressive Equity Research

ZOO confirms that production companies are taking longer than expected to complete projects. This follows the resumption of new production after the industry-wide strikes ended in November 2023. The anticipated January ramp-up has yet to fully materialise, with entertainment projects expected to complete in January now moving into February and beyond. However, ZOO has been notified by its largest customer of a pipeline of orders that provides good visibility for the next two quarters, an improvement on the usual quarterly order certainty. These orders, coupled with workflow from ZOO’s other major clients, are expected to deliver ‘a strong recovery of revenues’. We have adjusted our estimates for FY24E to reflect the slight delay in workflow resuming for ZOO, but maintain estimates for FY25E, with a return to profitability.”

Read the full research note:

Progressive Equity research

Talent Growth

ZOO develops next generation of subtitlers
with new training course

ZOO Digital has partnered with AVT Masterclass to launch a new localisation industry training course, 'Subtitling From a Template.'

The course, which combines academic expertise and practical industry application, offers participants a comprehensive understanding of subtitling theory and practice using ZOO Digital’s award-winning subtitling platform, ZOOsubs, as a foundation. Led by industry experts and utilising content from studios such as Magnolia Pictures and Sonar Entertainment, the course provides the essential skills for aspiring professional subtitlers.

Ambrish Acharya, ZOO Digital Head of Education said:

"At ZOO, our commitment to fostering talent extends beyond traditional education. We’re bridging the gap between theory and practice by providing participants with access to commercial content and insider insights from industry practitioners. Successful completion of this course opens doors to premium entertainment content, ensuring that learners not only acquire skills but also gain practical experience that is invaluable in their professional journey.”

Watch the announcement video
Read the full announcement

Tech Award shortlist

ZOOstudio shortlisted for prestigious award

Our innovative workflow platform ZOOstudio has been nominated for a Technical Achievement Award in the prestigious EGA Hermes Awards.
The EGA Hermes Awards were founded as the first global peer-reviewed awards in the entertainment globalisation industry, celebrating the art and science of global storytelling.

This nomination is a testament to the dedication and hard work of the
ZOO Digital Labs team, where their commitment to excellence has been instrumental in making ZOOstudio a valuable tool for the entertainment industry.