STV Group plc (STVG) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Today, we're reporting good performance for the group across 2024. As you know, the economic backdrop continues to be challenging in both advertising and programme commissioning. But despite this, I'm pleased to say that we are delivering in line with expectations. Due to our diversification strategy, we are now very much more a balanced business. This strategy was designed to make us increasingly resilient and able to navigate uncertain times. And so it has, and we're very well positioned for the inevitable market recovery. I'm also pleased to say that we've been controlling our costs tightly with more to come. And the combined mass reach of our broadcast and digital platforms across Scotland provides good confidence in STV's unique commercial proposition. And the demonstrable strong growth in the quality and quantity of our studios business provides very exciting prospects going forward. The new chief executive, Rufus Radcliffe, joined the company on 1st of November. He spent his first four months really getting to know the business and our people, and I'm excited about the future of STV Group under his leadership, as I know he is. We and the team can deliver much more for our customers, our viewers, our partners and shareholders. Thanks again for joining us today and for your interest in STV. And I'll now hand over to Rufus and Lindsay Dixon, our CFO and COO, to take you through the presentation on our 2024 results. Thanks very much, Paul. And hello, everyone. I'm really pleased to be here for STV's 2024 results presentation. I joined STV on November the 1st and I've had the chance to meet many people. But for those that I haven't met yet, I thought I should kick off by properly introducing myself. I've spent all of my career in media and I know I'm biased, but I ...