Zoo Digital Sees H1 Revenues Slightly Ahead Of Guidance

ZOO Digital Group plc (ZOO.L), on Monday, issued its Annual General Meeting statement as well as trading update for the first half year.

The company stated that it continues to see strong momentum in the business as it delivers ongoing support to its customers for further territory launches of streaming services and migration of their catalogue titles.

Zoo Digital expects H1 revenues to be slightly ahead of guidance and anticipates delivering a significant increase in EBITDA compared to the FY21 comparator period benefitting from significant revenue growth and operational gearing.

Further, the company noted that it saw a significant expansion of orders in the past month for localisation and media services relating to new original titles following the resumption of productions.

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