(27 August 2025, Hong Kong) Television Broadcasts Limited ("TVB" or the "Group", stock code: 00511.HK) today announced its interim results for the period ended 30 June 2025 (the "Period").
Total revenue of core TV-related businesses (excluding e-Commerce business) increased by HK$9 million or 1% from HK$1,445 million to HK$1,454 million for the Period, driven mainly by a 4% growth in the income from advertisers in our TV Broadcasting segment and a 9% revenue growth in our Digital Media segment. Group EBITDA was HK$55 million for the Period, representing an improvement of HK$8 million or 17% compared with the same period in 2024. Loss attributable to equity holders of the Company for the Period was HK$108 million, representing a reduction of HK$35 million, compared to a loss of HK$143 million in the same period last year.
Revenue from advertisers on our terrestrial TV channels rose 4% year on-year, aided by strong advertising activity from blue-chip corporate clients, and a growing contribution from our newly-launched Greater Bay Area "B-roll" advertising product, which saw revenue increase by 171% during the Period. Our market share of TV advertising spending in Hong Kong was 85% during the Period. Our Digital Media segment also performed strongly during the Period. myTV SUPER streaming service in Hong Kong served approximately 2 million monthly active users during the Period, while our other digital media assets such as TVB.com, TVB news mobile app and TVB-related social media accounts served over 32 million monthly visitors in aggregate. Advertising revenue from our digital assets as a whole grew 37% year-on-year, aided by new initiatives such as our launch in May 2025 of "TV 3.0", a free service tier of myTV SUPER supported by advertising.
Economic conditions in Hong Kong have been difficult for some years, and 2025 is proving no different. Nevertheless, we maintain a cautiously optimistic outlook for our advertising business, both from terrestrial TV channels and digital media assets, for the remainder of 2025. We expect revenue from our Digital Media segment to maintain its upward momentum in the second half of 2025, with digital advertising income from myTV SUPER and our other digital media assets being a key growth driver. We anticipate stronger revenue from our Mainland China Operations in the second half of 2025, as we complete and deliver our current slate of co-production dramas to our platform partners. Based on the current market conditions and business momentum, the Group expects continued year-on-year growth in EBITDA and a positive net profit (profit attributable to equity holders of the Company) for the year ending 31 December 2025.
Results Announcement:
https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0827/2025082700413.pdf