Leading factual content powerhouse Zinc Media Group plc has reported its half-year results for this year which show the group holding strong during a turbulent time for the industry.
The company’s financial statements show revenue of £18.1m and gross margins significantly up from H1 2022, driven by the group’s increasing scale. The figures reflect a period of growth across all its businesses, with The Edge, which the group acquired in 2022, performing ahead of acquisition expectations.
Prospects for the whole of 2023 look positive with £35m of revenue already secured, significantly exceeding the £30m of revenue generated in 2022, putting the group on course for a record year.
Zinc now comprises 12 businesses, 8 of which are new in the last few years, including Rex TV, which launched last year, and the Bristol based Atomic TV which launched in January, further strengthening the company’s nations and regions footprint.
Zinc’s half-yearly highlights include documentary Putin vs The West, which was one of the most watched programmes on BBC iPlayer and Bowelbabe: In Her Own Words for the BBC, which details the extraordinary last five years of cancer campaigner Dame Deborah James’ life. And Gender Wars, exploring the issue of transgender women’s rights, was made for Channel 4.
The group’s newest television label Atomic Television launched in January 2023 and has won its first commission.
Zinc won its largest ever television commission for 136 hours of the hit show Bargain Loving Brits for Channel 5.
The group produced its biggest ever digital branded content commission Big in America with Alex Polizzi. It was commissioned by the Department for Business & Trade for LinkedIn.
The Group partnered with Idris Elba to produce Paid in Full: The Battle for Payback (working title) for broadcasters CBC and the BBC, examining the systematic exploitation of black artists by the music industry
Mark Browning, CEO, Zinc Media Group, says: “We are delighted to report the Group’s strong performance in a challenging content production market. Our year-on-year increase of this scale bucks the market trend. This is the result of a robust strategy rooted in organic growth alongside the acquisition of The Edge. Every business in the Group is growing and we are on track to deliver the highest EBITDA profits for over a decade. We continue to view the future with confidence.”
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