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RNZ News
3 days ago
- Business
- RNZ News
Cinema software firm Vista Group trims interim losses
Photo: 123rf Cinema software company Vista Group has trimmed its interim losses as revenue and margins increased, while it's focusing on scaling its cloud-based platform. Key numbers for the six months ended June compared with a year ago: The company said the results reflect Vista Group's strategic focus on scaling Vista Cloud, which is designed to modernise and streamline cinema operations. New Vista Cloud clients include Odeon Cinemas Group and Village Cinemas Australia. "Demand for Vista Cloud continues to grow, reflecting strong market appetite for our cloud solutions, with demand now exceeding our delivery capacity," chief executive Stuart Dickinson said. The company said it was adding capacity to its technology and delivery teams to onboard new clients and meet the present demand. Total revenue increased 11 percent, while its loss after-tax loss improved 56 percent to $1.2 million. Vista maintained its full-year revenue guidance of $167m and operating margins of between 16 and 18 percent. The company expects annual recurring revenue to hit $175m in 2026. Dickinson said he was confident in the company's future. He said the company aimed to eventually grow recurring revenue to $315m per year.
NZ Herald
3 days ago
- Business
- NZ Herald
Vista Group revenue up 11% despite first-half loss
Vista Group chief executive Stuart Dickinson said demand for its Vista Cloud solution continued to grow, reflecting strong market appetite for its cloud solutions. 'With demand now exceeding our delivery capacity, we're responding decisively to prioritise our clients by scaling the capacity of our technology and delivery teams, who are already operating at peak efficiency,' Dickinson said. 'This will accelerate client onboarding and unlock the full potential of our pipeline.' Vista Group CEO Stuart Dickinson said the business' growth has reinforced its strategic confidence. Phtoto / Supplied Dickinson said the business had shipped over 42 new features to its clients so far in 2025, with an embedded payment system launching with select clients in the second half of this year. The business has also brought on two new clients, including Odeon Cinemas Group, which has 309 locations, and Village Cinemas Australia, which has 20 locations. There are also 747 locations live on the business' Vista Cloud Platform, with the second half expected to see the number rise to 1600 locations. Dickinson said the business was focused on delivering long-term value to clients and shareholders. 'The traction we're seeing across Vista Cloud and our growth adjacencies reinforces our confidence in the strategy and the opportunity ahead.' Looking ahead, Vista Group is on track to achieve its full-year revenue guidance of $167m and ebitda margin of between 16%-18%. The business has made good progress on its goal of over 1600 locations on its Vista Cloud platform by the end of the year, however, a significant proportion of locations from one key client could be delayed until 2026. The business has upgraded its aspirations for 6000 locations using Vista Cloud, lifting its expected annual recurring revenue to $315m and its ebitda margin to between 33%-37%. The film industry has been bolstered by several high-profile movies in the first half of the year, including Lilo & Stitch and Mission: Impossible - The Final Reckoning. The second half of the year is also set to perform strongly, with tentpole titles including the already released Superman, Jurassic World: Rebirth and F1: The Movie. Analysts react Jarden analysts Guy Hooper and Nick Yeo said it was a mixed result tracking towards the bottom end of prior full-year guidance. 'Momentum in signings and new product roll-out remains positive and supports growth, with the company pointing to internal capacity constraints as a key driver for slower go lives as it increases investment in tooling and accelerating scalability,' Hooper and Yeo said. Hooper and Yeo said that domestic box office performance has been robust and is up by 15% year-on-year, however, the strength has lagged behind earlier forecasts. Vista shares were up 1c to $3.32 in early morning trading. Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.
