ZOO Digital Group PLC, a provider of localisation and digital media services to the entertainment sector, forecasts a 22% increase in revenue to $49.4 million for the year ending March 31, 2025. This follows a turnaround from last year’s loss, with an adjusted EBITDA of at least $0.1 million.
The company has achieved $6.8 million in cost savings through reductions in personnel, property, and legal expenses, and plans to implement an additional $1.7 million in savings next year. ZOO’s strong cash position of $2.6 million, alongside unused invoice discounting facilities, positions it well for future needs.
ZOO is adopting AI and offshore investments to streamline operations, aiming for profitability on a lower revenue base. The company also anticipates larger, unpredictable project revenues as clients continue licensing content, while keeping an eye on potential US tariffs on foreign films.
