ZOO Digital Group is expected to report revenue growth in the first half of its financial year thanks to the success of its cloud-based dubbing service.
The Sheffield-based software firm, which is listed on the AIM market of the London Stock Exchange, is a provider of cloud-based localisation and digital distribution services for the global entertainment industry.
In a statement released ahead of its annual general meeting (AGM) this afternoon, chairman Roger Jeynes said revenues in the first half are expected to be at least 17 per cent higher than the same period last year.
“In particular, the success of our cloud-based dubbing service is pleasing and, at approximately three times above our expectation for this stage of the financial year, is the main contributor to growth in the Ggoup’s revenues in the first half,” he said.
“Disruption has been experienced by us and other market participants in the subtitling supply chain during the transition of a major OTT operator’s partner programmes, but this is easing, and we are seeing normal operations increasingly restored.”
Jeynes added that ZOO Digital’s first-half results will also show that the company continued to invest in operational capabilities “to ensure that we remain at the forefront of our industry”.
“This has included expansion of our in-house project coordination team and our global network of freelancers, and we expect to continue this in line with increasing demand,” he said.
Jeynes said he was confident in the group’s prospects for a strong second half.