STV Group plc ( (GB:STVG) ) has shared an update.
STV Group plc reported a strong financial performance for the year ending December 2024, with a 12% increase in group revenue to £188.0 million, driven by growth in its Studios and digital advertising sectors. Despite challenging market conditions, the company achieved significant cost savings and secured a new revolving credit facility, positioning itself well for future growth. The company also announced a strategy refresh to be outlined by the new CEO, Rufus Radcliffe, in May 2025, focusing on content creation and audience monetization. STV’s continued success in securing new commissions and maintaining a strong audience share highlights its robust market positioning.
More about STV Group plc
STV Group plc operates in the media industry, focusing on television broadcasting and digital media services. It is recognized as Scotland’s leading marketing platform, reaching millions of viewers monthly. The company has diversified its operations through its Studios and Digital businesses, aiming to expand its content creation and advertising services.
YTD Price Performance: -18.82%
Average Trading Volume: 87,767
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £83.63M
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