Having been an American stock market darling, the stock tumbled when subscription rates went into reverse in early 2022. Last week, the firm reported a record 223million paid subscribers with several million more expected to sign up before the year end. Today, competition is fierce, as Disney+, Apple TV+, Amazon Prime and a host of others battle for viewers' wallets. Using Zoo's kit, they can work from home, with just a computer, internet connection and, in the case of actors, basic recording equipment. Midas verdict: Midas recommended Zoo in January 2021 when the shares were 79p.
Source: Daily Mail October 23, 2022 03:03 UTC