ZOO Digital in prime position to capitalise on new opportunities
August 2023 saw ZOO Digital Group plc (LON:ZOO) updating investors about a fourth successive year of double digit revenue growth, margin improvement and record pre-tax profitability.
The company provides services to the entertainment industry including large streaming companies and other organisations that create content such as feature films and TV series.
With its proprietary cloud-based software ‘ZOO’ provides myriad services to its customers including subtitling and soundtrack dubbing which it does so in 80 languages.
Chief Executive Stuart Green and Chief Financial Officer Phillip Blundell tell Master Investor’s Sarah Lowther about the pain that is being created by screenwriter and actor strikes in the U.S., but are confident that they will “come out of it stronger”.
Irrespective of the industry-halting strikes, Green describes debt-free ZOO Digital as a disrupter “in prime position to be able to capitalise on new opportunities”.
New opportunities may come in the form of a potential acquisition in Japan home to the greatest proportion of non-English content that’s consumed on Netflix, and the second largest territory in Asia after China.