Zoo Digital (GB:ZOO) has released an update.
ZOO Digital Group PLC has reported a robust first half of FY25, with sales expected to rise by 28% to $27 million and EBITDA profit anticipated, buoyed by the entertainment industry’s recovery from the 2023 strikes and strategic realignments. The company is optimistic about the ongoing industry recovery and its position to benefit from a shift toward episodic content and reliance on ZOO’s software platforms. ZOO maintains a cautious cash management approach, expecting to exceed $2 million in cash balance by September 2024, and remains on track to meet full-year market guidance.
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