August 31, 2022, Hong Kong – Los Angeles, — Digital Domain Holdings Limited ( “Digital
Domain” or the “Company”), the global market leader in visual effects, post-production and
metaverse technologies (listed in Hong Kong HKG: 547) reports strong growth across for its core
visual effects and post-production business in each of North America, India and Greater China,
benefitting from substantial investments in production capacity upgrades and continuous content
production boom worldwide.
Digital Domain is reporting HKD 482,726,000 in revenues for the six months period ending June
30, 2022, 16% increase to the same period of 2021, with North America being the largest
geographic segment with 90% of global revenues and 15% topline growth in the first half of 2022.
“Following new share issuances in 2021, our strategy was to invest in and focus on the core
business of visual effects and post-production, and our market leading virtual humans technology,
and now this strategy is paying off with six consecutive quarters of double-digit topline growth”,
commented Mr. Daniel Seah, CEO of Digital Domain.
Digital Domain enjoys strong and growing pipeline of production contracts from the world’s
leading content production companies from both Hollywood studios and streaming platforms, and
continues to grow its production capacity in all of its key locations in the USA, Canada, India and
Mainland of China. Canada is becoming the largest production hub in the industry given the
consistent and competitive tax rebates policy that incentivizes North American studios to re-
allocate their production budgets from the USA to Canada’s facilities. This trend well-fits Digital
Domain’s global production capacity footprint.
“We are on schedule to have the record year in terms of revenue for 2022 in our 29 years of history,
with the new scale and improved cost structure allowing Digital Domain to improve overall
operating performance of its core business this year, thus making strides towards sustainable
profitability”, commented Mr. Seah.
With strong performance of Digital Domain’s core business, the Company has managed to
stabilize its net loss at HKD126,453,000 for the six months period ending June 30, 2022, only
3% increase to the same period of 2021.
