The latest announcement is out from Television Broadcasts Limited ( (HK:0511) ).
Television Broadcasts Limited reported a stable performance in its core Hong Kong television-related businesses for the first quarter of 2025, maintaining a 78% market share in viewership. The company experienced steady advertising income from its free-to-air channels and anticipates growth in advertising revenue for the full year, driven by its expansion in the Greater Bay Area. In its OTT streaming segment, despite some churn in premium subscribers, digital advertising revenue saw significant growth. In mainland China, TVB completed filming several drama titles and is preparing for new projects, indicating a robust production pipeline. The company expects continued growth in EBITDA and a positive net profit for 2025.
More about Television Broadcasts Limited
Television Broadcasts Limited (TVB) is a prominent player in the television industry, primarily operating in Hong Kong and mainland China. The company offers terrestrial free-to-air TV channels, including its flagship Jade and TVB News channels, and also runs an OTT streaming service called myTV Super.
YTD Price Performance: -2.64%
Average Trading Volume: 972,457
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.38B
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