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!


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 Vista Groupcinema software



How MSPs can capitalise on integrating AI into existing services

How MSPs can capitalise on integrating AI into existing services

​Given the pace of change, scale of digitalisation and evolution of generative AI, partners must get ahead of the trends to capture the best use of innovative AI solutions to develop new service opportunities. For MSPs, integrating AI capabilities into existing service portfolios can unlock enhancements in key areas including managed hosting, cloud computing and data centre management. This exclusive Reseller News roundtable in association with rhipe, a Crayon company and VMware, focused on how partners can integrate generative AI solutions into existing service offerings and unlocking new revenue streams.

How MSPs can capitalise on integrating AI into existing services
Access4 holds inaugural A/NZ Annual Conference

Access4 holds inaugural A/NZ Annual Conference

​Access4 held its inaugural Annual Conference in Port Douglass, Queensland, for Australia and New Zealand from 9-11 October, hosting partners from across the region with presentations on Access4 product updates, its 2023 Partner of the Year awards and more.

Access4 holds inaugural A/NZ Annual Conference
Show Comments