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TVB Expects Major Positive EBITDA in 2024 w/ DD Growth in Digital Ad. Rev.
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TVB (00511.HK)'s flagship Jade, 24-hour TVB News and other channels achieved an aggregate 81% market share of viewership in the fourth quarter ended December 2024, compared to 77% in 3Q24 and 80% in the same period of 2024, according to TVB's announcement. Meanwhile, revenue from digital advertising on its myTV Super platform was over 10% higher during the quarter on a YoY basis. With this, its digital advertising income over the full year of 2024 will also be higher by a strong double-digit percentage compared to the year before. The Group reiterated its expectation of achieving significant positive EBITDA for the whole year of 2024 and positive net profit (profit attributable to equity holders of the Company) for the six-month period ended December 2024 before extraordinary one-off items. AAStocks Financial News |
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