Profits nearly doubled and turnover hit record levels at Zorro producer Secuoya Content Group last year, according to the Spanish major’s latest financials.The outfit said EBITDA rose 85% to €59.1M ($67M) for 2024 fiscal year, while revenues shot up by 33% to a record €142M. Additionally, the group experienced a 51% increase in adjusted EBITDA, 118% growth in EBIT and a 214% rise in consolidated net profit, according to Secuoya.Secuoya said the “outstanding results are a direct consequence of the strong performance of Secuoya Studios, which has become the main pillar of value creation for the company and a benchmark in the industry for content creation, production, post-production, and distribution.”Last year, the 2,000-staff company shot five series and four movies totalling 156 hours of content, having doubled down on the studio and launched a production hub in Colombia. We revealed in Feb that Secuoya had struck a first-look development and production deal with The Castaways and This Time Next Year producer BlackBox Multimedia.Recent titles include Los 39, a Colombia-Spain co-production, along with Shades, Terra Alta, Arcadia, The Crossroads and Padres.Raúl Berdonés, founder and executive chairman of Secuoya Content Group, said: “Four years ago, we made a bold decision to pivot from a service-based business model to become a content-driven company. Today, the results validate that choice. Our strategy—focused on retaining intellectual property, diversifying content exploitation, optimizing tax incentives, ensuring creative freedom, and building a solid and sustainable international expansion—is proving to be profitable, scalable, and competitive.”Last year, we analyzed how Secuoya was planning to be a bridge between Hollywood and Spain after launching its most ambitious production to date: the modern take of Zorro, directed by Money Heist helmer Javier Qintas and starring Miguel Berardeau as the dashing vigilante created by Johnston McCulley.Since then, rival Mediapro has also launched a U.S. studio with projects featuring John Turturro and Melissa Leo.
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