Subtitling and dubbing specialist Zoo Digital has narrowed losses following significant restructuring.
The Sheffield-based firm, which has US offices, saw an operating loss of $6.5m in the year to the end of March, compared with $19.1m in the previous year. Revenue increased by 22% to $49.6m, up from $40.6m in 2024.
Zoo has been navigating major shifts in the screen industry, including the move to streaming services and the major disruption of 2023's strike of Hollywood actors and writers. It said dubbing work had rebounded having stopped during the strikes - with a backlog of orders helping to drive the 2025 performance.
Bosses said they saw an increased level of licensing of third party content, which typically requires less dubbing but generated more demand for the firm's media services offer.
A significant shedding of jobs has helped Zoo find $8.4m of annual fixed cost cash savings. It said further action was already under way this year, and expected to deliver at least another $2.5m of savings.
Stuart Green, CEO of Zoo, said: "Zoo has shown resilience through a period of market transition and made significant progress to restructure its operations to position the group to deliver operating profit and cash generation in FY26. I believe we have struck a balance between creating a sustainable platform for the future while retaining the flexibility to scale as we deliver increased order volumes.
"As a trusted partner, with a technology-enabled, end-to-end model, we can build solutions for customers' specific needs. Our new Fast Track service, tailored for localising live and near-live content, has been well received and although revenue is modest at this stage, the board is encouraged by the potential growth opportunity this presents the group as we seek to increase our share of spend by several global streamers over the longer term.
"Today we believe most media companies are operating profitable streaming platforms, supported by new content formats and monetisation models. We enter FY26 better positioned to navigate this environment and capture profitable revenue opportunities as the market continues to evolve."
Dan Ridsdale, head of technology and telecoms, at investment research and consultancy firm Edison Group, said: "Zoo Digital’s FY25 results indicate the business is now in significantly better shape, despite operating within a streaming industry that remains in flux. The 22% revenue uplift to $49.6m is encouraging, though difficult to benchmark against a steady-state run rate given the atypical post-strike demand patterns.
"Streamers’ shift toward licensed content to reduce churn has suppressed demand for dubbing, historically Zoo’s largest revenue stream, but has simultaneously driven growth across other service lines. The transition to a leaner, more flexible operating model, supported by offshore expansion and AI adoption, positions the company well to capture margin as volumes recover.
"Notably, this growth has been delivered alongside $8.4m in annualised cost savings in FY25, with a further $2.5m expected in FY26, an encouraging signal of operational discipline."
