Menu
Vista Group reports strong growth during cloud transition

Vista Group reports strong growth during cloud transition

Kiwi cinema software group continues its shift to the cloud amid global expansion.

Murray Holdaway - CEO, Vista Group

Murray Holdaway - CEO, Vista Group

NZX-listed Vista Group International reported impressive growth today with 793 new cinema sites using the company's software in 2017.

Vista achieved 20 per cent revenue growth for the fourth consecutive year, taking revenue to $106 million and delivering a 42 per cent increase in EBITDA earnings to $25 million.

Vista Entertainment Solutions, Vista’s largest business, now serves a total of 6,350 sites and claims 43 per cent market share, the company said.

In addition, the company secured business in 11 new countries during 2017, the most notable being Brazil, Italy, Austria and Sweden.

The transition to a fully cloud-based Vista Cinema product also gathered momentum with the release during the year of "re-imagined" products in for film programming and cinema management.

Movio, the group’s data-driven marketing solutions for the film industry, delivered a 111 per cent increase in EBITDA on revenue growth of $15.5 million, up 37 per cent.

Other group businesses recording growth included Powster, which provides creative services to the film industry to engage users with entertainment content.

The division created more than 1300 online "movie destinations" representing growth of 46 per cent on 2016 and attracting an estimated 422 million visitors, up 290 per cent.

The year also saw the acquisition of Vista Entertainment’s long-time business partner in Mexico, Senda, increased shareholding in Vista China (Beijing and Shanghai) and the establishment of a Vista Group subsidiary company in South Africa.

Particularly significant was the start of trading for movieXchange – a new cloud platform developed by Vista that delivers movie promotional media directly from distributor to cinema exhibitor, enables global online listing of showtime information and, via third party partners, enables the sale of movie tickets.

“Our consistent growth, including our less mature businesses, and increased income and profitability can be credited to our 600-plus globally-located staff," Vista Group CEO, Murray Holdaway, said.

"As a business we have a shared vision to be the leader in software solutions across the film industry; our 2017 result is evidence that we have a highly committed and connected team delivering on that vision.”

Vista will deliver a final dividend of 1.74 cents per share resulting in a total pay-out at the top of the policy range of 2.94 cents per share for 2017, up 28 per cent on 2016.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags CloudVista Groupcinema software

Featured

Slideshows

Reseller News Innovation Awards 2018: meet the top performing partners

Reseller News Innovation Awards 2018: meet the top performing partners

Reseller News honoured the industry’s finest on a standout evening for the New Zealand channel, recognising the achievements of established partners, emerging players and innovative start-ups, in front of over 460 technology leaders in Auckland.

Reseller News Innovation Awards 2018: meet the top performing partners
Champagne Reception kicks off Reseller News Innovation Awards 2018

Champagne Reception kicks off Reseller News Innovation Awards 2018

More than 460 channel leaders came together to toast the top performers of the New Zealand industry, during the opening Champagne Reception at the Reseller News Innovation Awards 2018 - in association with Techbuyer.

Champagne Reception kicks off Reseller News Innovation Awards 2018
Chasing innovation: how Kiwi partners can create a new customer agenda

Chasing innovation: how Kiwi partners can create a new customer agenda

This exclusive Reseller News Roundtable - in association with Rhipe and Microsoft - detailed a blueprint for customer success, outlining the new role of the modern-day partner and wider network in New Zealand.

Chasing innovation: how Kiwi partners can create a new customer agenda
Show Comments