STV Group plc (STVG) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. I hope you're all well and that you all had a good summer. No doubt it's a distant memory, albeit the sun is still shining. In a moment, Lindsay and I will talk you through our results for the first six months of 2023, provide an update on our financial and strategic progress, as well as a sense of the outlook for the business. And as usual, we'll show you some highlights of what is another year of big event television on SCV. But first of all, let me hand over to STV's chair, Paul Reynolds, for some words of introduction. Paul. Hey, thanks, Simon. Good afternoon, everybody. You don't need me to tell you it's been a busy and turbulent period for businesses and the markets, the public markets in particular, and the media sector is no different. At STV, we've been focused on navigating these uncertain times with uncertainty. We hope calmness and strategic clarity. We've been continuing to deliver to our viewers a high quality appointment to view content that they expect from us. We've been endeavouring to be a trusted partner for our advertisers, for local businesses and for the creative sector. And we've been continuing to transform STV into the sort of diversified media company that can thrive in whatever are the prevailing economic conditions. And as you know, that has been and continues to be our strategy. You'll see real evidence for that ongoing transformation in the results that we are reporting today. We expected this past six month period to be challenging. I guess most people have done. given the macroeconomic picture, and so it's proven. But the core broadcast business remains resilient and well-placed for recovery, and there's been a step change in the pace of growth in our key growth areas of digital and studios, and due to the proactive m...