Yorkshire tech company Zoo Digital has increased operating profits in what it calls an “outstanding” year.
The Sheffield-based firm, which specialises in supporting streaming companies, saw operating profit of £2.5m ($3.1m), up from £835,039 ($1m), in the year to the end of March 2022.
Zoo told investors it had made a huge 78% stride in revenue growth from £32.9m ($39.5m) to £58.7m ($70.4m) during a period in which “significant investment” was made in people, infrastructure, offices, and international operations.
Stuart Green, CEO of Zoo Digital, said: “These results reflect an outstanding year of operational delivery and growth across the whole business. Zoo is taking market share in a growing market, benefitting from our cloud-based platforms, extensive freelancer network and embedded client relationships. With our global scale and end-to-end offering, we are one of the few vendors capable of meeting the requirements of major media companies to take their content to international audiences.
“The streaming market continues to evolve as media companies invest billions of dollars in content to capture and entertain international audiences. We are scaling Zoo’s operations to match continuing growing demand. During the year, we introduced new services such as mastering and expanded our presence in some of the fastest-growing regions for our customers, particularly across Asia. These are strategic investments that strengthen our operations in some of the most exciting territories for content expansion and will support our ambitious growth plans.
“We are excited about the scale of the opportunity ahead and confident of delivering further profitable growth.”
