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An announcement from TVA Group Inc B NV ( ($TSE:TVA.B) ) is now available.
TVA Group Inc. reported a decrease in revenues for fiscal 2024, amounting to $532.2 million, a decline of 2.4% compared to the previous year. Despite the revenue drop, the company saw improvements in net loss and adjusted EBITDA, with the Broadcasting segment benefitting from favorable adjustments and reorganization efforts. The Film Production & Audiovisual Services segment experienced growth due to increased demand for soundstage and equipment rentals. However, challenges remain in the Magazines and Production & Distribution segments, with the latter undergoing an impairment test leading to a goodwill impairment charge due to competitive pressures and reduced activity volumes.
More about TVA Group Inc B NV
TVA Group Inc. operates in the media and entertainment industry, offering services in broadcasting, film production, audiovisual services, and magazine publications. The company focuses on the Canadian market, providing various media content and services through its different segments, including Broadcasting, Film Production & Audiovisual Services, Magazines, and Production & Distribution.
YTD Price Performance: -16.67%
Average Trading Volume: 7,307
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$36.72M
See more data about TVA.B stock on TipRanks’ Stock Analysis page.