ZOO Digital Group plc has reported a fall in annual revenues – but profits jumped after it slashed millions off its cost base for the second successive year.
The Sheffield-based firm, which has offices in the United States, works with some of the world’s biggest streaming platforms on subtitling and dubbing content.
For the year ended 31st March 2026, the media group expects to report adjusted EBITDA of at least $3.8 million – in line with market expectations – compared with $1.1m in the previous year. The year before that, it reported a $13.6m loss.
This was achieved on revenue of $42.3m, down from $49.6m in FY25, “reflecting decisive actions taken to restructure the cost base with $7.3m of savings realised during the period”.
It made $8.4m of cost savings in the previous year.
In March, it expanded its US invoice financing facility from $3m to $5m, in addition to the £2m facility available in the UK. Cash at 31st March 2026 was $3.2m, with borrowings of $1.1m drawn against these invoice financing facilities.
In February ZOO said its long-term chair Gillian Wilmot CBE (pictured) would step down in due course and be replaced by Nathalie Schwarz.
Now a new unnamed non-executive director has been identified and so that transition will soon take place.
Last summer BusinessCloud spoke with frustrated freelancers who claimed the firm had not paid them for work completed, with one even involving a lawyer.
Multiple translators and linguists working for ZOO claimed they have had to repeatedly chase invoices, with some considering legal action after months of silence.
An experienced freelancer, who asked to remain anonymous, told BusinessCloud that they had worked with ZOO for ‘many years’ and started to notice changes in 2024.
This morning CEO Stuart Green said: “We expect improved trading following a period of stabilised market conditions and a strong focus on execution of cost efficiencies. ZOO today is a more robust and efficient business, with a rightsized cost base capable of generating improved profitability in the current market environment.
“With customer focus on efficiency, new content and delivery formats, our market is evolving around speed and quality – two attributes at the heart of ZOO’s tech-enabled proposition.
“This is resulting in new opportunities, including for our premium Fast Track service, which has proven its value in localising complex, multi-language projects at dramatically faster speeds.
“As a solution tailored for the industry, the level of engagement from customers has been highly encouraging, giving us confidence that we are well positioned to grow revenues and deliver sustainable profitability.”