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Zoo Digital Group PLC said on Tuesday it expects revenue for its financial year 2022 to grow by at least 65% to $65.0 million or more.
The minimum estimate puts the revenue forecast $8 million over the previous management guidance of at least $57.0 million. In financial 2021, the company posted revenue of $39.5 million.
Earnings before interest, tax, depreciation and amortisation is expected to increase by at least 44% to $6.5 million from $4.5 million a year ago.
‘The group has continued to benefit not only from the strong international rollout of existing streaming services but also in increasing its market share through new service offerings and greater adoption by customers of Zoo's dubbing service,’ the Sheffield-based localisation software provider for the entertainment industry said.
The company's financial year ends on 31 March.
Zoo Digital Group shares were 3.2% higher at 125.40 pence each in London on Tuesday afternoon.
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