Zoo Digital earnings date
Zoo Digital (2ZD) Q2 2027 Earnings Report
DE:2ZD Q2 2027 EPS Results
- Actual EPS
- EUR 0.01
- Consensus EPS
- ―
- Beat/Miss
- ―
- One Year Ago EPS
- -EUR 0.01
DE:2ZD Q2 2027 Revenue Results
- Actual Revenue
- EUR 21.02M
- Expected Revenue
- ―
- Beat/Miss
- ―
- YoY Revenue Growth
- +5.35%
Earnings Announcement Details
- Quarter
- Q2 2027
- Date
- 11/10/2026
- Time
- Before Open
- Conference Call
- Tuesday, November 10, 2026
Zoo Digital's next earnings date is estimated for July 13, 2027, based on past reporting schedules.
Q2 2027 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2027 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2027 Earnings Call Summary
The call was predominantly positive. Management reported revenue growth, a return to profitability, stronger EBITDA and cash generation, substantial customer diversification, strong quality scores, growing Fast Track adoption, and positive Q3 trading. The main challenges were the $6 million decline from the largest customer, lower media services activity, limited visibility into H2 and Q4, the industry's ongoing transition, and the absence of a current dividend. Overall, the highlights significantly outweighed the lowlights.
Management said it was very confident of delivering revenue growth and profit progression during FY '27, with current trading continuing positively in the same vein as the first half and an expectation of taking a greater share of the market in the third quarter. Q3 was trading well and in line with H1, although accelerated-delivery projects limited visibility into Q4; analyst expectations were $43.5 million for the full year, implying around $20 million in H2, while second half revenue guidance of around $19.9 million was described as an analyst number rather than a management number. Management said margins were expected to continue, with plenty of leverage in the cost base, and estimated the current business could support between $50 million and $55 million of turnover without having to invest in additional people or capacity; more dubbing was expected to start to appear a little in H2 and beyond.
- Revenue Growth and Profit ProgressionH1 FY'27 revenue increased 5% year over year and 18% compared with H2 last year. Reported EBITDA increased from $2 million to $3.5 million, while cash EBITDA rose from $0.6 million to $1.9 million.
- Return to ProfitabilityThe business turned an operating loss into a profit, with the bottom-line result improving from a $1.3 million loss in the prior-year half to just under $800,000 profit in H1 FY'27.
- Improved Cash Position and LiquidityGross cash increased slightly to $3.4 million. Management said liquidity is good, the balance sheet is healthy, and the company has the resources to pursue its opportunities.
- Significant Customer DiversificationThe largest customer's share of sales declined from 55% in the comparative period to 26% in H1 FY'27, while revenue from all other customers grew by approximately 72%. Management said this resulted in less customer risk.
- Fast Track Services Gaining TractionFast Track projects, combining premium rapid-turnaround work and services delivered faster than most industry providers, accounted for 38% of H1 revenue. The company won significant projects valued at between $1 million and $2 million each.
- Localization Growth and Higher MarginLocalization revenue grew, with most of the increase coming from subtitling and accelerated delivery. Localization gross margin increased from 27% last year to 40% this year, partly due to the Fast Track premium service and the nature of the subtitling work.
- Operating Cost ReductionAdministrative and operational costs were reduced significantly through organizational changes, internal use of AI, and leveraging investments made in India to lower the cost base.
- Strong Quality ScoresCustomer-provided quality data showed a 99.9% quality score in the half, which management said places ZOO in the top echelons of service providers in its sector.
- Technology and AI CapabilitiesZOO has invested in proprietary technology for more than 15 years and is integrating AI into its workflows. Management said AI is used extensively, with hardly any customer project now avoiding AI at some point in the process, while human oversight remains important for entertainment localization.
- Fast Turnaround DifferentiationZOO can deliver subtitling in as little as 2, 3, or 4 hours compared with a typical industry timeframe of a couple of weeks, and dubbing in 24 hours compared with a typical 4- to 6-week project. Management identified automation, cloud-based platforms, a follow-the-sun operating model, and AI as the key enablers.
- Growing Addressable MarketManagement said streaming platforms are expanding beyond episodic television and feature films into sports, news, current affairs, daytime television, chat shows, game shows, live or near-live content, and other time-sensitive formats. These formats create additional demand for rapid localization.
- Market Stabilization and Returning DemandAfter approximately three years of subdued market conditions, management said customers are returning to the market and spending money on localization and related services. Tender activity and customer engagement were described as being back to levels not seen since before the Hollywood strikes.
- Existing Customer ExpansionManagement said most growth is coming from established customers with which ZOO has relationships lasting 5, 10, and in some cases 20 years, as the company captures more spend across different divisions and territories. Revenue from new customers was approximately $800,000 in the half.
- Growth Opportunity from Original Content RecoveryManagement expects more dubbing activity as original content returns, with some recovery expected in H2 and beyond. It also said the largest customer's reduced spending was related to its content strategy and restructuring rather than a relationship or service issue.
- Operational Leverage and CapacityManagement said the existing cost base contains operational leverage, allowing further revenue growth without increasing underlying operating costs initially. The business was described as being able to support approximately $50 million to $55 million of turnover without significant additional investment in people or capacity.
- Positive Current Trading and FY'27 OutlookQ3 trading was described as positive and continuing in the same vein as H1. Management said it is confident of delivering revenue growth and profit progression during FY'27 and expects to return to revenue growth and further profit progression in the current financial year.
- Platform and Technology InvestmentInvestment in the company's platform and technology increased by approximately 30%. Management said it is continuing to invest in AI and technology while using those investments to improve margins and cash generation.
- Improved Working Capital ManagementThe company invested in working capital to support growth, particularly in localization, and to reduce pressure from creditors. Management also said it had addressed previously stretched trade creditors and payables and continued to reduce payable days.
- Potential Opportunity from Industry ConsolidationBoth Paramount Skydance and Warner Brothers are existing customers. Management said the companies' merger and expected rationalization could provide an opportunity for ZOO to take more of the combined companies' spend.
DE:2ZD Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Jul 13, 2027 | 2027 (Q4) | ―- | -0.02 | ― | ― |
| Nov 10, 2026 | 2027 (Q2) | ―0.01 | -0.01 | 157.14% (+0.02) | |
| Jul 30, 2026 | 2026 (Q4) | ―-0.02 | -0.05 | 58.14% (+0.03) | |
| Nov 19, 2025 | 2026 (Q2) | ―-0.01 | -0.02 | 48.15% (+0.01) | |
| Aug 12, 2025 | 2025 (Q4) | ―-0.05 | -0.11 | 54.74% (+0.06) | |
| Nov 12, 2024 | 2025 (Q2) | ―-0.02 | -0.09 | 74.53% (+0.07) | |
| Aug 20, 2024 | 2024 (Q4) | ―-0.11 | 0.05 | -306.52% (-0.17) | |
| Nov 30, 2023 | 2024 (Q2) | ―-0.09 | 0.03 | -402.86% (-0.13) | |
| Aug 10, 2023 | 2023 (Q4) | 0.040.05 | 0.04 | 27.78% (+0.01) | |
| Nov 08, 2022 | 2023 (Q2) | ―0.03 | -0.02 | 275.00% (+0.05) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
