Television Broadcasts Limited (HK:0511) has released an update.
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Television Broadcasts Limited (TVB) has reported steady progress towards a breakeven net result for the quarter ended June 30, 2024, with a maintained viewership market share of 79% for their free-to-air channels in Hong Kong and a double-digit percentage increase in advertising income from the same period last year. The company has also seen a stable growth in its OTT streaming service with 2 million monthly active users and a 30% increase in digital advertising revenue. Additionally, TVB is expanding its co-production partnerships in mainland China, which is expected to boost its co-production revenue pipeline through 2026.
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