Zinc Media (GB:ZIN) has released an update.
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Zinc Media Group PLC reports a robust financial year for 2023, with a 34% increase in revenue to £40.2m and a significant improvement in profitability, boasting their highest adjusted EBITDA in 13 years at £1.0m. Despite a loss before tax, the company highlights a strong balance sheet with cash of £4.9m and a pipeline promising sustained growth. Notably, their strategic acquisitions, such as The Edge Picture Company, have outperformed expectations and contributed to the group’s diversified revenue streams from television production and content creation for various platforms.
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