Zoo Digital tanks on impact from Hollywood strikes

Zoo Digital

28/09/2023 09:14

** Shares of media services provider Zoo Digital Group
 ZOO.L  down about 34% at 34.76 p 
    ** Ongoing disruptions caused by the Hollywood strikes
continue to have a significant short-term impact
    ** Whilst orders are being processed monthly, they have been
and continue to be at historically low levels such that H1
revenues are expected to be about $21 mln, leading to a
significant EBITDA loss for H1 of current financial year - ZOO
    ** Range of revenue outcomes for H2 is possible ranging from
a similar level to H1 to an increase in revenue in Q4
    ** Stock down ~81% YTD




 (Reporting by Aatrayee Chatterjee in Bengaluru)
 ((Aatrayee.Chatterjee@thomsonreuters.com))