STV Group Sees Strong Revenue Growth Amid Euro 2024
Company Announcements

STV Group Sees Strong Revenue Growth Amid Euro 2024

STV Group plc (GB:STVG) has released an update.

STV Group plc reports a robust 5% increase in Total Advertising Revenue (TAR) in Q1, with projections of a 15-20% rise in Q2, largely driven by Euro 2024. The company’s H1 TAR is expected to grow by approximately 10-12%, supported by strong performance in STV Studios with secured future revenues of £86m. Additionally, STV is on track with its 3-year cost savings plan, aiming to achieve £1.5m in savings this year and a £5m annual run rate by 2026.

For further insights into GB:STVG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskSTV Group Reduces Pension Deficit, Enhances Flexibility
Christine BrownSTV Group plc (STVG) Discloses Q4 Dividend: What Shareholders Should Know
TipRanks UK Auto-Generated NewsdeskSTV Group plc Announces Strong H1 2024 Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App